Heritage Investors Management Corp Has $20,264,000 Position in Johnson & Johnson (JNJ)
Heritage Investors Management Corp raised its stake in shares of Johnson & Johnson (NYSE:JNJ) by 0.0% during the third quarter, Holdings Channel reports. The institutional investor owned 171,537 shares of the company’s stock after buying an additional 73 shares during the period. Johnson & Johnson accounts for approximately 1.5% of Heritage Investors Management Corp’s investment portfolio, making the stock its 14th largest position. Heritage Investors Management Corp’s holdings in Johnson & Johnson were worth $20,264,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. NN Investment Partners Holdings N.V. acquired a new position in shares of Johnson & Johnson during the first quarter valued at $92,331,000. Adell Harriman & Carpenter Inc. raised its position in shares of Johnson & Johnson by 5.4% in the first quarter. Adell Harriman & Carpenter Inc. now owns 83,918 shares of the company’s stock valued at $9,080,000 after buying an additional 4,292 shares in the last quarter. Canandaigua National Bank & Trust Co. raised its position in shares of Johnson & Johnson by 0.3% in the first quarter. Canandaigua National Bank & Trust Co. now owns 97,516 shares of the company’s stock valued at $10,551,000 after buying an additional 291 shares in the last quarter. Royal Bank of Scotland Group PLC raised its position in shares of Johnson & Johnson by 1.7% in the first quarter. Royal Bank of Scotland Group PLC now owns 10,950 shares of the company’s stock valued at $1,184,000 after buying an additional 182 shares in the last quarter. Finally, USS Investment Management Ltd raised its position in shares of Johnson & Johnson by 38.9% in the first quarter. USS Investment Management Ltd now owns 211,814 shares of the company’s stock valued at $22,913,000 after buying an additional 59,314 shares in the last quarter. Institutional investors and hedge funds own 64.13% of the company’s stock.
Johnson & Johnson (NYSE:JNJ) traded down 0.54% during mid-day trading on Tuesday, hitting $112.52. 2,476,196 shares of the stock were exchanged. Johnson & Johnson has a 52 week low of $94.28 and a 52 week high of $126.07. The company has a market capitalization of $306.11 billion, a PE ratio of 19.75 and a beta of 0.75. The stock’s 50-day moving average is $115.97 and its 200 day moving average is $118.40.
Johnson & Johnson (NYSE:JNJ) last posted its earnings results on Tuesday, October 18th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Johnson & Johnson had a net margin of 22.03% and a return on equity of 25.30%. The firm earned $17.80 billion during the quarter, compared to analyst estimates of $17.71 billion. During the same quarter in the prior year, the business posted $1.49 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Johnson & Johnson will post $6.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Tuesday, November 22nd will be paid a $0.80 dividend. This is a positive change from Johnson & Johnson’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, November 18th. This represents a $3.20 annualized dividend and a dividend yield of 2.83%. Johnson & Johnson’s dividend payout ratio is presently 56.64%.
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Several equities research analysts have weighed in on the stock. Argus reiterated a “buy” rating and issued a $145.00 target price on shares of Johnson & Johnson in a report on Friday, October 21st. Barclays PLC lowered shares of Johnson & Johnson from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $113.13 to $125.00 in a report on Tuesday. They noted that the move was a valuation call. Vetr lowered shares of Johnson & Johnson from a “buy” rating to a “hold” rating and set a $119.60 target price on the stock. in a report on Tuesday, November 1st. Leerink Swann reiterated a “buy” rating on shares of Johnson & Johnson in a report on Sunday, September 11th. Finally, Jefferies Group increased their target price on shares of Johnson & Johnson from $113.00 to $119.00 and gave the stock a “hold” rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. Johnson & Johnson presently has a consensus rating of “Hold” and a consensus target price of $121.02.
In other news, Director Charles Prince bought 875 shares of Johnson & Johnson stock in a transaction dated Friday, October 21st. The stock was purchased at an average price of $114.11 per share, for a total transaction of $99,846.25. Following the purchase, the director now directly owns 26,520 shares in the company, valued at approximately $3,026,197.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by insiders.
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. The Company’s segments include Consumer, Pharmaceutical and Medical Devices. The Consumer segment includes a range of products used in the baby care, oral care, skin care, over-the-counter pharmaceutical, women’s health and wound care markets.
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