BMO Capital Markets restated their buy rating on shares of Johnson & Johnson (NYSE:JNJ) in a research note released on Friday, September 1st. BMO Capital Markets currently has a $145.00 price objective on the stock.
JNJ has been the topic of a number of other reports. Credit Suisse Group reaffirmed a buy rating on shares of Johnson & Johnson in a research report on Friday, August 4th. Vetr downgraded shares of Johnson & Johnson from a buy rating to a hold rating and set a $128.90 target price on the stock. in a research report on Monday, May 8th. Alembic Global Advisors downgraded shares of Johnson & Johnson from a neutral rating to an underweight rating in a research report on Friday, July 21st. UBS AG reaffirmed a buy rating and issued a $148.00 target price on shares of Johnson & Johnson in a research report on Thursday, August 31st. Finally, Wells Fargo & Company reaffirmed a market perform rating and issued a $135.00 target price (up from $132.00) on shares of Johnson & Johnson in a research report on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $134.60.
Johnson & Johnson (NYSE JNJ) traded up 0.20% on Friday, hitting $134.45. 15,522,011 shares of the company’s stock were exchanged. The stock has a market cap of $360.86 billion, a P/E ratio of 22.75 and a beta of 0.79. The firm has a 50 day moving average price of $132.62 and a 200-day moving average price of $129.18. Johnson & Johnson has a 52-week low of $109.32 and a 52-week high of $137.08.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.04. The business had revenue of $18.84 billion for the quarter, compared to the consensus estimate of $18.94 billion. Johnson & Johnson had a net margin of 22.52% and a return on equity of 26.76%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.74 EPS. Analysts predict that Johnson & Johnson will post $7.18 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 29th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Friday, August 25th. Johnson & Johnson’s dividend payout ratio (DPR) is presently 56.76%.
In related news, VP Dominic J. Caruso sold 82,591 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $136.72, for a total value of $11,291,841.52. Following the completion of the sale, the vice president now directly owns 226,693 shares of the company’s stock, valued at approximately $30,993,466.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paulus Stoffels sold 102,692 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 230,342 shares of the company’s stock, valued at $30,667,733.88. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Johnson & Johnson by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock worth $26,517,661,000 after acquiring an additional 3,023,110 shares in the last quarter. BlackRock Inc. increased its holdings in Johnson & Johnson by 2.6% in the 2nd quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock worth $23,028,219,000 after acquiring an additional 4,332,612 shares in the last quarter. State Street Corp increased its holdings in Johnson & Johnson by 4.3% in the 1st quarter. State Street Corp now owns 160,223,321 shares of the company’s stock worth $19,955,806,000 after acquiring an additional 6,656,371 shares in the last quarter. Norges Bank purchased a new stake in Johnson & Johnson in the 4th quarter worth approximately $3,220,322,000. Finally, FMR LLC increased its holdings in Johnson & Johnson by 5.9% in the 2nd quarter. FMR LLC now owns 27,237,648 shares of the company’s stock worth $3,603,268,000 after acquiring an additional 1,509,745 shares in the last quarter. 66.00% of the stock is owned by institutional investors.
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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