Johnson & Johnson (JNJ) Position Boosted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. boosted its position in shares of Johnson & Johnson (NYSE:JNJ) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,623,639 shares of the company’s stock after purchasing an additional 473,300 shares during the period. Johnson & Johnson comprises about 1.4% of Schwab Charles Investment Management Inc.’s investment portfolio, making the stock its 4th biggest position. Schwab Charles Investment Management Inc. owned 0.43% of Johnson & Johnson worth $1,537,692,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Johnson & Johnson by 4.1% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 281,410 shares of the company’s stock worth $35,049,000 after acquiring an additional 11,194 shares during the last quarter. Pachira Investments Inc. raised its stake in shares of Johnson & Johnson by 12.2% in the first quarter. Pachira Investments Inc. now owns 4,424 shares of the company’s stock worth $551,000 after acquiring an additional 480 shares during the last quarter. SPC Financial Inc. raised its stake in shares of Johnson & Johnson by 3.7% in the first quarter. SPC Financial Inc. now owns 3,760 shares of the company’s stock worth $468,000 after acquiring an additional 135 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Johnson & Johnson in the first quarter worth about $5,218,000. Finally, Garland Capital Management Inc. raised its stake in shares of Johnson & Johnson by 0.4% in the first quarter. Garland Capital Management Inc. now owns 49,500 shares of the company’s stock worth $6,165,000 after acquiring an additional 200 shares during the last quarter. 65.61% of the stock is owned by hedge funds and other institutional investors.
JNJ has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) downgraded shares of Johnson & Johnson from a “neutral” rating to a “sell” rating and boosted their target price for the stock from $125.00 to $130.00 in a research note on Wednesday, September 20th. BMO Capital Markets reiterated a “buy” rating and set a $145.00 price target on shares of Johnson & Johnson in a research report on Friday, September 1st. Vetr upgraded shares of Johnson & Johnson from a “sell” rating to a “hold” rating and set a $137.71 price target for the company in a research report on Monday, October 30th. Credit Suisse Group set a $154.00 price target on shares of Johnson & Johnson and gave the stock an “outperform” rating in a research report on Thursday, October 19th. Finally, UBS AG reiterated an “underweight” rating on shares of Johnson & Johnson in a research report on Thursday, August 24th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. Johnson & Johnson has a consensus rating of “Hold” and an average price target of $143.70.
Johnson & Johnson (NYSE:JNJ) opened at $137.29 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Johnson & Johnson has a one year low of $109.32 and a one year high of $144.35. The firm has a market cap of $371,653.16, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 2.81 and a beta of 0.82.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings results on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.10. Johnson & Johnson had a net margin of 21.28% and a return on equity of 27.38%. The firm had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The business’s revenue was up 10.3% on a year-over-year basis. equities research analysts expect that Johnson & Johnson will post 7.28 EPS for the current year.
The business 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 $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Monday, November 27th. Johnson & Johnson’s payout ratio is currently 58.33%.
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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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