Shell Asset Management Co. Has $64.74 Million Holdings in Johnson & Johnson (JNJ)
Shell Asset Management Co. raised its stake in Johnson & Johnson (NYSE:JNJ) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 489,384 shares of the company’s stock after acquiring an additional 4,883 shares during the period. Johnson & Johnson accounts for about 1.6% of Shell Asset Management Co.’s investment portfolio, making the stock its 3rd biggest holding. Shell Asset Management Co.’s holdings in Johnson & Johnson were worth $64,741,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Lenox Wealth Advisors Inc. boosted its stake in Johnson & Johnson by 0.6% in the second quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock valued at $116,000 after acquiring an additional 5 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Johnson & Johnson by 241.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,190 shares of the company’s stock worth $149,000 after buying an additional 841 shares during the period. Ullmann Financial Group Inc. acquired a new position in shares of Johnson & Johnson during the first quarter worth approximately $186,000. Taylor Wealth Management Partners boosted its position in shares of Johnson & Johnson by 19.8% during the first quarter. Taylor Wealth Management Partners now owns 1,510 shares of the company’s stock worth $188,000 after buying an additional 250 shares during the period. Finally, Puplava Financial Services Inc. acquired a new position in shares of Johnson & Johnson during the second quarter worth approximately $202,000. Institutional investors own 65.90% of the company’s stock.
JNJ has been the subject of several analyst reports. BidaskClub downgraded Johnson & Johnson from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Morgan Stanley boosted their price objective on Johnson & Johnson from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 5th. Wells Fargo & Company reiterated a “market perform” rating and set a $135.00 price objective (up from $132.00) on shares of Johnson & Johnson in a research report on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and set a $138.00 price objective on shares of Johnson & Johnson in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $145.00 price objective (up from $140.00) on shares of Johnson & Johnson in a research report on Friday, July 14th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $141.66.
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In other Johnson & Johnson news, VP Paulus Stoffels sold 102,692 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 230,342 shares of the company’s stock, valued at $30,667,733.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by company insiders.
Johnson & Johnson (NYSE:JNJ) opened at 142.40 on Friday. Johnson & Johnson has a 12-month low of $109.32 and a 12-month high of $143.62. The firm has a 50 day moving average price of $133.77 and a 200 day moving average price of $130.75. The company has a market cap of $382.20 billion, a PE ratio of 24.77 and a beta of 0.78.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. Johnson & Johnson had a net margin of 21.28% and a return on equity of 27.68%. The firm had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.29 billion. During the same period last year, the firm earned $1.68 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts anticipate that Johnson & Johnson will post $7.27 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be paid a $0.84 dividend. The ex-dividend date is Monday, November 27th. This represents a $3.36 dividend on an annualized basis and a yield of 2.36%. Johnson & Johnson’s payout ratio is presently 58.33%.
Johnson & Johnson 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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