Gilman Hill Asset Management LLC cut its stake in Johnson & Johnson (NYSE:JNJ) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,697 shares of the company’s stock after selling 800 shares during the period. Gilman Hill Asset Management LLC’s holdings in Johnson & Johnson were worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Horan Securities Inc. grew its position in Johnson & Johnson by 122.3% during the fourth quarter. Horan Securities Inc. now owns 438 shares of the company’s stock valued at $56,000 after buying an additional 241 shares during the period. Stuart Chaussee & Associates Inc. lifted its holdings in Johnson & Johnson by 20.7% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the company’s stock valued at $60,000 after purchasing an additional 80 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in Johnson & Johnson by 594.4% during the fourth quarter. FNY Investment Advisers LLC now owns 500 shares of the company’s stock valued at $64,000 after purchasing an additional 428 shares in the last quarter. CKW Financial Group lifted its holdings in Johnson & Johnson by 18.8% during the fourth quarter. CKW Financial Group now owns 810 shares of the company’s stock valued at $105,000 after purchasing an additional 128 shares in the last quarter. Finally, Mackey Komara & Dankovich LLC purchased a new position in Johnson & Johnson during the fourth quarter valued at approximately $148,000. Hedge funds and other institutional investors own 66.91% of the company’s stock.
JNJ stock opened at $138.21 on Friday. Johnson & Johnson has a one year low of $118.62 and a one year high of $148.99. The company has a current ratio of 1.44, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $367.32 billion, a PE ratio of 16.90, a P/E/G ratio of 2.37 and a beta of 0.67.
Johnson & Johnson (NYSE:JNJ) last released its earnings results on Tuesday, April 16th. The company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.03 by $0.07. Johnson & Johnson had a net margin of 17.99% and a return on equity of 36.29%. The firm had revenue of $20.02 billion for the quarter, compared to the consensus estimate of $19.55 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts predict that Johnson & Johnson will post 8.6 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, May 24th. This is an increase from Johnson & Johnson’s previous quarterly dividend of $0.90. Johnson & Johnson’s payout ratio is 44.01%.
Several equities analysts have weighed in on the stock. Credit Suisse Group lifted their price target on shares of Johnson & Johnson from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $157.00 price target (up previously from $152.00) on shares of Johnson & Johnson in a report on Monday, May 6th. BMO Capital Markets lifted their price target on shares of Johnson & Johnson from $154.00 to $157.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Morgan Stanley lifted their price target on shares of Johnson & Johnson from $134.00 to $145.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Finally, Raymond James lifted their price target on shares of Johnson & Johnson from $145.00 to $147.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Johnson & Johnson presently has a consensus rating of “Buy” and a consensus price target of $147.30.
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Johnson & Johnson Profile
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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