Parsons Capital Management Inc. RI Has $17.62 Million Position in Johnson & Johnson (JNJ)
Parsons Capital Management Inc. RI decreased its holdings in Johnson & Johnson (NYSE:JNJ) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,562 shares of the company’s stock after selling 1,051 shares during the quarter. Johnson & Johnson makes up 2.1% of Parsons Capital Management Inc. RI’s investment portfolio, making the stock its 5th biggest holding. Parsons Capital Management Inc. RI’s holdings in Johnson & Johnson were worth $17,624,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Harding Loevner LP acquired a new position in Johnson & Johnson in the second quarter valued at $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Johnson & Johnson by 29.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock valued at $115,000 after buying an additional 200 shares during the period. Lenox Wealth Advisors Inc. lifted its holdings in Johnson & Johnson by 0.6% in the second quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock valued at $116,000 after buying an additional 5 shares during the period. IHT Wealth Management LLC lifted its holdings in Johnson & Johnson by 46.4% in the second quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock valued at $122,000 after buying an additional 3,467 shares during the period. Finally, Mountain Capital Investment Advisors Inc acquired a new position in Johnson & Johnson in the second quarter valued at $124,000. 65.70% of the stock is currently owned by institutional investors.
Johnson & Johnson (JNJ) opened at $143.97 on Thursday. Johnson & Johnson has a fifty-two week low of $110.76 and a fifty-two week high of $145.68. The firm has a market cap of $386,780.00, a PE ratio of 24.99, a PEG ratio of 2.67 and a beta of 0.80. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.10. Johnson & Johnson had a net margin of 21.28% and a return on equity of 27.38%. The firm had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. sell-side analysts forecast that Johnson & Johnson will post 7.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be issued a $0.84 dividend. The ex-dividend date is Monday, February 26th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.33%. Johnson & Johnson’s dividend payout ratio is presently 58.33%.
JNJ has been the topic of several recent analyst reports. Vetr lowered shares of Johnson & Johnson from a “hold” rating to a “sell” rating and set a $130.49 target price on the stock. in a report on Monday, September 18th. Goldman Sachs Group lowered shares of Johnson & Johnson from a “neutral” rating to a “sell” rating and boosted their target price for the company from $125.00 to $130.00 in a report on Wednesday, September 20th. Citigroup initiated coverage on shares of Johnson & Johnson in a report on Monday, September 25th. They issued a “neutral” rating and a $140.00 target price on the stock. Zacks Investment Research lowered shares of Johnson & Johnson from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, UBS Group restated a “buy” rating and issued a $148.00 target price on shares of Johnson & Johnson in a report on Saturday, September 30th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $145.52.
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Johnson & Johnson Profile
Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.
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