Kidder Stephen W reduced its stake in shares of Johnson & Johnson (NYSE:JNJ) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 116,090 shares of the company’s stock after selling 1,679 shares during the period. Johnson & Johnson makes up 5.5% of Kidder Stephen W’s investment portfolio, making the stock its largest position. Kidder Stephen W’s holdings in Johnson & Johnson were worth $13,712,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in JNJ. Tuttle Tactical Management LLC acquired a new position in shares of Johnson & Johnson during the second quarter worth approximately $103,000. Lenox Wealth Management Inc. boosted its position in Johnson & Johnson by 24.3% in the second quarter. Lenox Wealth Management Inc. now owns 972 shares of the company’s stock worth $118,000 after buying an additional 190 shares during the period. Hefty Wealth Partners boosted its position in Johnson & Johnson by 559.4% in the third quarter. Hefty Wealth Partners now owns 1,121 shares of the company’s stock worth $132,000 after buying an additional 951 shares during the period. Taylor Wealth Management Partners boosted its position in Johnson & Johnson by 1.3% in the second quarter. Taylor Wealth Management Partners now owns 1,505 shares of the company’s stock worth $183,000 after buying an additional 20 shares during the period. Finally, Diker Management LLC purchased a new position in Johnson & Johnson during the second quarter worth about $206,000. Institutional investors and hedge funds own 65.30% of the company’s stock.
Shares of Johnson & Johnson (NYSE:JNJ) opened at 115.24 on Monday. Johnson & Johnson has a 52-week low of $101.65 and a 52-week high of $126.07. The company has a 50-day moving average of $114.45 and a 200 day moving average of $117.02. The company has a market capitalization of $313.51 billion, a PE ratio of 19.43 and a beta of 0.74.
Johnson & Johnson (NYSE:JNJ) last posted its earnings results on Tuesday, January 24th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.02. The firm earned $18.10 billion during the quarter, compared to the consensus estimate of $18.28 billion. Johnson & Johnson had a net margin of 22.78% and a return on equity of 25.61%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.44 earnings per share. Analysts predict that Johnson & Johnson will post $7.04 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 28th will be paid a $0.80 dividend. The ex-dividend date is Friday, February 24th. This represents a $3.20 annualized dividend and a dividend yield of 2.78%. Johnson & Johnson’s payout ratio is 54.42%.
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A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Johnson & Johnson from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Goldman Sachs Group, Inc. (The) cut their target price on shares of Johnson & Johnson from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, January 25th. Wells Fargo & Company cut shares of Johnson & Johnson from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $112.28 to $112.80 in a research note on Thursday, January 26th. Jefferies Group LLC reiterated a “hold” rating and issued a $107.00 target price on shares of Johnson & Johnson in a research note on Tuesday, December 20th. Finally, Vetr cut shares of Johnson & Johnson from a “buy” rating to a “hold” rating and set a $119.60 target price for the company. in a research note on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $122.92.
About Johnson & Johnson
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. The Company’s segments include Consumer, Pharmaceutical and Medical Devices. The Consumer segment includes a range of products used in the baby care, oral care, skin care, over-the-counter pharmaceutical, women’s health and wound care markets.
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