Kinsight LLC reduced its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 30.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,673 shares of the company’s stock after selling 1,197 shares during the period. Johnson & Johnson comprises 0.2% of Kinsight LLC’s investment portfolio, making the stock its 19th largest holding. Kinsight LLC’s holdings in Johnson & Johnson were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JNJ. Lynch & Associates IN increased its position in shares of Johnson & Johnson by 0.9% in the 2nd quarter. Lynch & Associates IN now owns 93,710 shares of the company’s stock valued at $12,397,000 after purchasing an additional 841 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of Johnson & Johnson by 7.4% in the 2nd quarter. Oakbrook Investments LLC now owns 136,124 shares of the company’s stock valued at $18,008,000 after purchasing an additional 9,375 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Johnson & Johnson in the 1st quarter valued at approximately $1,731,000. Bollard Group LLC increased its position in shares of Johnson & Johnson by 5.0% in the 2nd quarter. Bollard Group LLC now owns 9,551 shares of the company’s stock valued at $1,263,000 after purchasing an additional 459 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. increased its position in shares of Johnson & Johnson by 278.0% in the 2nd quarter. Adams Diversified Equity Fund Inc. now owns 241,900 shares of the company’s stock valued at $32,001,000 after purchasing an additional 177,900 shares during the last quarter. 65.90% of the stock is currently owned by hedge funds and other institutional investors.

In other Johnson & Johnson news, VP Dominic J. Caruso sold 82,591 shares of the business’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $136.72, for a total transaction of $11,291,841.52. Following the completion of the sale, the vice president now owns 226,693 shares in the company, valued at $30,993,466.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paulus Stoffels sold 102,692 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $133.14, for a total transaction of $13,672,412.88. Following the sale, the vice president now owns 230,342 shares of the company’s stock, valued at approximately $30,667,733.88. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

A number of equities research analysts have commented on JNJ shares. BidaskClub raised shares of Johnson & Johnson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $128.00 price objective on shares of Johnson & Johnson in a research report on Thursday, June 15th. Atlantic Securities downgraded shares of Johnson & Johnson from a “neutral” rating to an “underweight” rating and set a $113.00 price objective on the stock. in a research report on Friday, July 21st. Jefferies Group LLC reissued a “hold” rating and issued a $145.00 price objective (up from $140.00) on shares of Johnson & Johnson in a research report on Friday, July 14th. Finally, Citigroup Inc. started coverage on shares of Johnson & Johnson in a research report on Monday, September 25th. They issued a “neutral” rating and a $140.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $134.79.

Shares of Johnson & Johnson (JNJ) traded up 0.02% during mid-day trading on Friday, reaching $133.22. 3,024,247 shares of the company were exchanged. The firm has a market capitalization of $357.56 billion, a price-to-earnings ratio of 22.39 and a beta of 0.78. The company’s 50-day moving average is $132.23 and its 200 day moving average is $129.87. Johnson & Johnson has a 12 month low of $109.32 and a 12 month high of $137.08.

Johnson & Johnson (NYSE:JNJ) last released its earnings results on Tuesday, July 18th. The company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.04. Johnson & Johnson had a net margin of 22.52% and a return on equity of 26.76%. The firm had revenue of $18.84 billion during the quarter, compared to analyst estimates of $18.94 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts predict that Johnson & Johnson will post $7.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 29th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Friday, August 25th. This represents a $3.36 annualized dividend and a yield of 2.52%. Johnson & Johnson’s payout ratio is 56.76%.

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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. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.

Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

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