Johnson & Johnson (JNJ) Holdings Cut by Colorado Capital Management Inc.

Colorado Capital Management Inc. lowered its position in shares of Johnson & Johnson (NYSE:JNJ) by 36.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,650 shares of the company’s stock after selling 2,105 shares during the quarter. Colorado Capital Management Inc.’s holdings in Johnson & Johnson were worth $474,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. FormulaFolio Investments LLC boosted its holdings in shares of Johnson & Johnson by 33.1% in the 3rd quarter. FormulaFolio Investments LLC now owns 5,356 shares of the company’s stock valued at $696,000 after buying an additional 1,333 shares during the last quarter. Hermes Investment Management Ltd. boosted its holdings in shares of Johnson & Johnson by 6.8% in the 3rd quarter. Hermes Investment Management Ltd. now owns 35,464 shares of the company’s stock valued at $4,611,000 after buying an additional 2,270 shares during the last quarter. Montrusco Bolton Investments Inc. boosted its holdings in shares of Johnson & Johnson by 47.6% in the 3rd quarter. Montrusco Bolton Investments Inc. now owns 69,860 shares of the company’s stock valued at $9,082,000 after buying an additional 22,527 shares during the last quarter. Moloney Securities Asset Management LLC boosted its holdings in shares of Johnson & Johnson by 3.1% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 50,678 shares of the company’s stock valued at $6,589,000 after buying an additional 1,529 shares during the last quarter. Finally, PGGM Investments boosted its holdings in shares of Johnson & Johnson by 3.5% in the 3rd quarter. PGGM Investments now owns 2,834,847 shares of the company’s stock valued at $368,558,000 after buying an additional 95,900 shares during the last quarter. 65.70% of the stock is owned by hedge funds and other institutional investors.

Johnson & Johnson (JNJ) traded up $0.97 during mid-day trading on Friday, reaching $145.76. The company’s stock had a trading volume of 5,450,000 shares, compared to its average volume of 5,920,000. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. The company has a market cap of $391,590.00, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.73 and a beta of 0.80. Johnson & Johnson has a 1 year low of $110.76 and a 1 year high of $146.42.

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.10. The firm had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.29 billion. Johnson & Johnson had a return on equity of 27.38% and a net margin of 21.28%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 EPS. equities research analysts expect that Johnson & Johnson will post 7.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Monday, February 26th. Johnson & Johnson’s payout ratio is currently 58.33%.

Several equities research analysts have recently commented on JNJ shares. Cowen reissued an “outperform” rating and issued a $155.00 price objective (up previously from $147.00) on shares of Johnson & Johnson in a report on Wednesday, October 18th. Jefferies Group raised their price target on Johnson & Johnson from $157.00 to $160.00 and gave the company a “buy” rating in a report on Monday, October 16th. Zacks Investment Research raised Johnson & Johnson from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Credit Suisse Group set a $154.00 price target on Johnson & Johnson and gave the company an “outperform” rating in a report on Thursday, October 19th. Finally, Barclays raised their price target on Johnson & Johnson from $140.00 to $148.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $145.94.

TRADEMARK VIOLATION NOTICE: This piece was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thelincolnianonline.com/2018/01/13/johnson-johnson-jnj-position-trimmed-by-colorado-capital-management-inc-updated-updated-updated.html.

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.

Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

Receive News & Ratings for Johnson & Johnson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson & Johnson and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply