Investors Buy Shares of Johnson & Johnson (JNJ) on Weakness

Traders bought shares of Johnson & Johnson (NYSE:JNJ) on weakness during trading hours on Tuesday. $385.43 million flowed into the stock on the tick-up and $313.80 million flowed out of the stock on the tick-down, for a money net flow of $71.63 million into the stock. Of all stocks tracked, Johnson & Johnson had the 4th highest net in-flow for the day. Johnson & Johnson traded down ($1.22) for the day and closed at $130.54

JNJ has been the topic of a number of research analyst reports. Vetr raised Johnson & Johnson from a “hold” rating to a “buy” rating and set a $147.14 target price on the stock in a research report on Wednesday, December 20th. JPMorgan Chase lowered Johnson & Johnson from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reissued a “buy” rating on shares of Johnson & Johnson in a research report on Tuesday, January 9th. Wells Fargo reissued an “outperform” rating and issued a $160.00 target price (up previously from $155.00) on shares of Johnson & Johnson in a research report on Friday, January 12th. Finally, Credit Suisse Group set a $154.00 target price on Johnson & Johnson and gave the company a “hold” rating in a research report on Monday, January 22nd. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $144.23.

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The company has a quick ratio of 1.12, a current ratio of 1.41 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $350,440.66, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 2.08 and a beta of 0.74.

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings data on Tuesday, April 17th. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.06. Johnson & Johnson had a return on equity of 29.00% and a net margin of 1.70%. The business had revenue of $20.01 billion for the quarter, compared to analyst estimates of $19.50 billion. During the same quarter in the prior year, the company earned $1.83 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. analysts predict that Johnson & Johnson will post 8.11 earnings per share for the current fiscal year.

In related news, VP Paulus Stoffels sold 155,342 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $129.86, for a total value of $20,172,712.12. Following the transaction, the vice president now owns 357,906 shares of the company’s stock, valued at $46,477,673.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Goodman Financial Corp acquired a new position in Johnson & Johnson in the fourth quarter valued at $104,000. Harding Loevner LP acquired a new position in Johnson & Johnson in the second quarter valued at $106,000. Stelac Advisory Services LLC acquired a new position in Johnson & Johnson in the fourth quarter valued at $108,000. IHT Wealth Management LLC boosted its stake in Johnson & Johnson by 46.4% in the second quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock valued at $122,000 after acquiring an additional 3,467 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc acquired a new position in Johnson & Johnson in the second quarter valued at $124,000. 67.23% of the stock is currently owned by hedge funds and other institutional investors.

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About Johnson & Johnson

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its 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, RoC, 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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