Traders Sell Johnson & Johnson (JNJ) on Strength (JNJ)
Traders sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading hours on Thursday. $210.75 million flowed into the stock on the tick-up and $344.62 million flowed out of the stock on the tick-down, for a money net flow of $133.87 million out of the stock. Of all companies tracked, Johnson & Johnson had the 2nd highest net out-flow for the day. Johnson & Johnson traded up $1.36 for the day and closed at $142.04
Several analysts have commented on the company. Credit Suisse Group set a $154.00 price objective on Johnson & Johnson and gave the company an “outperform” rating in a report on Thursday. Jefferies Group LLC raised their price objective on Johnson & Johnson from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday. Barclays PLC raised their price objective on Johnson & Johnson from $140.00 to $148.00 and gave the company an “equal weight” rating in a report on Wednesday. Cowen and Company reissued an “outperform” rating and issued a $155.00 price objective (up from $147.00) on shares of Johnson & Johnson in a report on Wednesday. Finally, Morgan Stanley reissued a “hold” rating and issued a $145.00 price objective (up from $140.00) on shares of Johnson & Johnson in a report on Wednesday. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $141.66.
The company has a market cap of $381.24 billion, a PE ratio of 24.70 and a beta of 0.78. The company has a 50-day moving average price of $133.17 and a 200 day moving average price of $130.54.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Johnson & Johnson had a return on equity of 27.68% and a net margin of 21.28%. The company 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 company posted $1.68 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts forecast that Johnson & Johnson will post $7.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, November 27th. Johnson & Johnson’s dividend payout ratio is presently 58.33%.
In other Johnson & Johnson news, VP Paulus Stoffels sold 102,692 shares of the stock in a transaction on 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 transaction, the vice president now owns 230,342 shares of the company’s stock, valued at approximately $30,667,733.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.19% of the company’s stock.
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Johnson & Johnson by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock worth $26,517,661,000 after purchasing an additional 3,023,110 shares during the period. BlackRock Inc. lifted its stake in shares of Johnson & Johnson by 2.6% during the 2nd quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock worth $23,028,219,000 after purchasing an additional 4,332,612 shares during the period. State Street Corp lifted its stake in shares of Johnson & Johnson by 4.3% during the 1st quarter. State Street Corp now owns 160,223,321 shares of the company’s stock worth $19,955,806,000 after purchasing an additional 6,656,371 shares during the period. FMR LLC lifted its stake in shares of Johnson & Johnson by 5.9% during the 2nd quarter. FMR LLC now owns 27,237,648 shares of the company’s stock worth $3,603,268,000 after purchasing an additional 1,509,745 shares during the period. Finally, Capital World Investors lifted its stake in shares of Johnson & Johnson by 4.1% during the 2nd quarter. Capital World Investors now owns 26,510,007 shares of the company’s stock worth $3,507,009,000 after purchasing an additional 1,050,000 shares during the period. 65.90% of the stock is currently owned by institutional investors.
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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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