Johnson & Johnson Sees Unusually Large Options Volume (JNJ)
Johnson & Johnson (NYSE:JNJ) saw unusually large options trading activity on Thursday. Traders acquired 27,046 call options on the company. This is an increase of 465% compared to the typical daily volume of 4,789 call options.
Shares of Johnson & Johnson (NYSE JNJ) opened at 131.74 on Tuesday. The firm has a market capitalization of $353.59 billion, a P/E ratio of 22.29 and a beta of 0.78. The firm has a 50-day moving average of $132.91 and a 200 day moving average of $127.75. Johnson & Johnson has a 52 week low of $109.32 and a 52 week high of $137.08.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.04. The business had revenue of $18.84 billion during the quarter, compared to analyst estimates of $18.94 billion. Johnson & Johnson had a net margin of 22.52% and a return on equity of 26.76%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 earnings per share. On average, equities research analysts expect that Johnson & Johnson will post $7.18 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, August 29th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.55%. Johnson & Johnson’s dividend payout ratio (DPR) is presently 56.76%.
In related news, VP Dominic J. Caruso sold 82,591 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $136.72, for a total value of $11,291,841.52. Following the sale, the vice president now directly owns 226,693 shares of the company’s stock, valued at approximately $30,993,466.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paulus Stoffels sold 102,692 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $133.14, for a total transaction of $13,672,412.88. Following the completion of the sale, the vice president now directly owns 230,342 shares in the company, valued at $30,667,733.88. The disclosure for this sale can be found here. Corporate insiders own 0.19% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Harding Loevner LP bought a new stake in shares of Johnson & Johnson during the second quarter worth about $106,000. Lenox Wealth Advisors Inc. raised its stake in shares of Johnson & Johnson by 0.7% in the first quarter. Lenox Wealth Advisors Inc. now owns 871 shares of the company’s stock worth $108,000 after buying an additional 6 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Johnson & Johnson by 29.9% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock worth $115,000 after buying an additional 200 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Johnson & Johnson during the fourth quarter worth about $117,000. Finally, IHT Wealth Management LLC raised its stake in shares of Johnson & Johnson by 46.4% in the second quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock worth $122,000 after buying an additional 3,467 shares during the period. Institutional investors and hedge funds own 65.98% of the company’s stock.
A number of equities analysts have recently commented on the stock. UBS AG reaffirmed a “buy” rating and set a $136.00 target price on shares of Johnson & Johnson in a research report on Monday, May 15th. Cowen and Company set a $147.00 target price on shares of Johnson & Johnson and gave the stock a “buy” rating in a research report on Thursday, August 24th. J P Morgan Chase & Co raised their target price on shares of Johnson & Johnson from $140.00 to $148.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. Jefferies Group LLC set a $145.00 target price on shares of Johnson & Johnson and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $135.00 target price (up from $132.00) on shares of Johnson & Johnson in a research report on Thursday, July 6th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $133.91.
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Johnson & Johnson Company 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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