Investors Sell Shares of Johnson & Johnson (JNJ) on Strength (JNJ)
Traders sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading hours on Tuesday. $279.79 million flowed into the stock on the tick-up and $372.20 million flowed out of the stock on the tick-down, for a money net flow of $92.41 million out of the stock. Of all equities tracked, Johnson & Johnson had the 3rd highest net out-flow for the day. Johnson & Johnson traded up $4.67 for the day and closed at $140.79
JNJ has been the topic of a number of research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $138.00 price objective on shares of Johnson & Johnson in a research note on Wednesday, July 12th. BidaskClub downgraded Johnson & Johnson from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. UBS AG reissued a “buy” rating and issued a $148.00 price objective (up previously from $136.00) on shares of Johnson & Johnson in a research note on Wednesday, July 19th. Zacks Investment Research raised Johnson & Johnson from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Thursday, July 27th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Johnson & Johnson in a research note on Friday, August 4th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Johnson & Johnson has an average rating of “Hold” and a consensus target price of $135.98.
The firm’s 50-day moving average price is $132.57 and its 200 day moving average price is $130.27. The firm has a market cap of $377.88 billion, a price-to-earnings ratio of 23.82 and a beta of 0.78.
Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.10. Johnson & Johnson had a net margin of 22.52% and a return on equity of 26.76%. The business had revenue of $19.65 billion during the quarter, compared to analysts’ expectations of $19.29 billion. During the same quarter in the prior year, the company earned $1.68 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that Johnson & Johnson will post $7.18 EPS for the current fiscal year.
In related news, VP Paulus Stoffels sold 102,692 shares of the company’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $133.14, for a total value of $13,672,412.88. Following the completion of the sale, the vice president now owns 230,342 shares in the company, valued at approximately $30,667,733.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Dominic J. Caruso sold 82,591 shares of the company’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 of the company’s stock, valued at approximately $30,993,466.96. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harding Loevner LP bought a new stake in shares of Johnson & Johnson in the 2nd quarter valued at $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Johnson & Johnson by 29.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock worth $115,000 after purchasing an additional 200 shares in the last quarter. Lenox Wealth Advisors Inc. increased its holdings in Johnson & Johnson by 0.6% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock worth $116,000 after purchasing an additional 5 shares in the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Johnson & Johnson during the 2nd quarter worth about $124,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in Johnson & Johnson by 241.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,190 shares of the company’s stock worth $149,000 after purchasing an additional 841 shares in the last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.
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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.
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