Traders Sell Shares of Johnson & Johnson (JNJ) on Strength (JNJ)
Traders sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading on Thursday. $99.25 million flowed into the stock on the tick-up and $264.36 million flowed out of the stock on the tick-down, for a money net flow of $165.11 million out of the stock. Of all companies tracked, Johnson & Johnson had the 4th highest net out-flow for the day. Johnson & Johnson traded up $0.81 for the day and closed at $138.10
JNJ has been the subject of several research reports. Zacks Investment Research lowered Johnson & Johnson from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. ValuEngine upgraded Johnson & Johnson from a “hold” rating to a “buy” rating in a research report on Thursday, December 13th. Morgan Stanley set a $140.00 target price on Johnson & Johnson and gave the stock a “hold” rating in a research report on Thursday, December 20th. Finally, Citigroup decreased their target price on Johnson & Johnson from $148.00 to $139.00 and set a “neutral” rating for the company in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Johnson & Johnson has an average rating of “Hold” and an average target price of $142.81.
The stock has a market cap of $371.42 billion, a PE ratio of 16.88, a P/E/G ratio of 2.12 and a beta of 0.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.20.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th were given a dividend of $0.90 per share. The ex-dividend date was Monday, February 25th. This represents a $3.60 dividend on an annualized basis and a yield of 2.61%. Johnson & Johnson’s dividend payout ratio is currently 44.01%.
Johnson & Johnson declared that its board has initiated a share buyback plan on Monday, December 17th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in the stock. Evolution Wealth Advisors LLC bought a new stake in shares of Johnson & Johnson in the 4th quarter worth $40,000. Crewe Advisors LLC raised its stake in shares of Johnson & Johnson by 75.0% in the 4th quarter. Crewe Advisors LLC now owns 350 shares of the company’s stock worth $45,000 after buying an additional 150 shares in the last quarter. Horan Securities Inc. raised its stake in shares of Johnson & Johnson by 122.3% in the 4th quarter. Horan Securities Inc. now owns 438 shares of the company’s stock worth $56,000 after buying an additional 241 shares in the last quarter. Stuart Chaussee & Associates Inc. raised its stake in shares of Johnson & Johnson by 20.7% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the company’s stock worth $60,000 after buying an additional 80 shares in the last quarter. Finally, Ruggie Capital Group raised its stake in shares of Johnson & Johnson by 342.5% in the 4th quarter. Ruggie Capital Group now owns 469 shares of the company’s stock worth $60,000 after buying an additional 363 shares in the last quarter. Institutional investors and hedge funds own 66.43% of the company’s stock.
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About Johnson & Johnson (NYSE:JNJ)
Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.
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