Johnson & Johnson (JNJ) is Prentiss Smith & Co. Inc.’s 4th Largest Position
Prentiss Smith & Co. Inc. increased its position in shares of Johnson & Johnson (NYSE:JNJ) by 0.1% during the third quarter, Holdings Channel reports. The institutional investor owned 73,366 shares of the company’s stock after buying an additional 63 shares during the period. Johnson & Johnson makes up 4.8% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 4th largest position. Prentiss Smith & Co. Inc.’s holdings in Johnson & Johnson were worth $8,667,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in JNJ. Bank of Montreal Can bought a new stake in Johnson & Johnson during the second quarter worth about $858,505,000. Emerald Acquisition Ltd. bought a new stake in Johnson & Johnson during the second quarter worth about $805,455,000. Vanguard Group Inc. boosted its stake in Johnson & Johnson by 2.2% in the second quarter. Vanguard Group Inc. now owns 184,512,652 shares of the company’s stock worth $22,381,384,000 after buying an additional 3,924,090 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Johnson & Johnson by 5.5% in the second quarter. BlackRock Fund Advisors now owns 42,089,045 shares of the company’s stock worth $5,105,401,000 after buying an additional 2,192,319 shares in the last quarter. Finally, Capital World Investors boosted its stake in Johnson & Johnson by 10.3% in the second quarter. Capital World Investors now owns 22,025,323 shares of the company’s stock worth $2,671,672,000 after buying an additional 2,050,323 shares in the last quarter. 64.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Johnson & Johnson (NYSE:JNJ) traded down 0.53% during trading on Tuesday, reaching $112.53. The company had a trading volume of 4,251,302 shares. The firm has a 50-day moving average price of $115.97 and a 200-day moving average price of $118.40. 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 $306.14 billion, a P/E ratio of 19.75 and a beta of 0.75.
Johnson & Johnson (NYSE:JNJ) last released its earnings results on Tuesday, October 18th. The company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.02. Johnson & Johnson had a return on equity of 25.30% and a net margin of 22.03%. The firm had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.71 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts predict that Johnson & Johnson will post $6.72 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 22nd will be given a dividend of $0.80 per share. The ex-dividend date is Friday, November 18th. This is an increase from Johnson & Johnson’s previous quarterly dividend of $0.29. This represents a $3.20 annualized dividend and a yield of 2.83%. Johnson & Johnson’s dividend payout ratio is 56.64%.
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Several equities research analysts have issued reports on the stock. Argus reaffirmed a “buy” rating and set a $145.00 target price on shares of Johnson & Johnson in a research note on Friday, October 21st. Vetr cut shares of Johnson & Johnson from a “buy” rating to a “hold” rating and set a $119.60 target price on the stock. in a research note on Tuesday, November 1st. Leerink Swann reaffirmed a “buy” rating on shares of Johnson & Johnson in a research note on Sunday, September 11th. Barclays PLC cut shares of Johnson & Johnson from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $113.13 to $125.00 in a research note on Tuesday. They noted that the move was a valuation call. Finally, Jefferies Group lifted their target price on shares of Johnson & Johnson from $113.00 to $119.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. Johnson & Johnson currently has an average rating of “Hold” and a consensus target price of $121.02.
In other news, Director Charles Prince acquired 875 shares of the business’s stock in a transaction dated Friday, October 21st. The shares were bought at an average cost of $114.11 per share, for a total transaction of $99,846.25. Following the acquisition, the director now directly owns 26,520 shares in the company, valued at approximately $3,026,197.20. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company’s stock.
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. 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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