Investors Sell Johnson & Johnson (JNJ) on Strength (JNJ)

Traders sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading hours on Tuesday. $111.29 million flowed into the stock on the tick-up and $285.49 million flowed out of the stock on the tick-down, for a money net flow of $174.20 million out of the stock. Of all equities tracked, Johnson & Johnson had the 3rd highest net out-flow for the day. Johnson & Johnson traded up $0.41 for the day and closed at $138.34

JNJ has been the subject of several research analyst reports. Cowen and Company reiterated an “outperform” rating and issued a $155.00 price objective (up previously from $147.00) on shares of Johnson & Johnson in a research report on Wednesday, October 18th. UBS AG reiterated a “buy” rating and issued a $148.00 price objective on shares of Johnson & Johnson in a research report on Thursday, August 31st. Jefferies Group LLC lifted their price objective on Johnson & Johnson from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded Johnson & Johnson from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Credit Suisse Group set a $154.00 price objective on Johnson & Johnson and gave the company an “outperform” rating in a research report on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $143.70.

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.02. The firm has a market capitalization of $371,650.00, a P/E ratio of 19.33, a P/E/G ratio of 2.80 and a beta of 0.82.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be issued a dividend of $0.84 per share. The ex-dividend date is Monday, November 27th. This represents a $3.36 annualized dividend and a yield of 2.43%. Johnson & Johnson’s dividend payout ratio is presently 58.33%.

A number of hedge funds have recently bought and sold shares of JNJ. State Street Corp lifted its holdings in Johnson & Johnson by 4.3% during the first quarter. State Street Corp now owns 160,223,321 shares of the company’s stock worth $19,955,806,000 after acquiring an additional 6,656,371 shares in the last quarter. BlackRock Inc. lifted its holdings in Johnson & Johnson by 2.6% during the second quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock worth $23,028,219,000 after acquiring an additional 4,332,612 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Johnson & Johnson by 717.9% during the second quarter. Janus Henderson Group PLC now owns 3,748,008 shares of the company’s stock worth $495,837,000 after acquiring an additional 3,289,763 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Johnson & Johnson by 1.5% during the second quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock worth $26,517,661,000 after acquiring an additional 3,023,110 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Johnson & Johnson by 47.9% during the second quarter. Parametric Portfolio Associates LLC now owns 7,970,670 shares of the company’s stock worth $1,054,433,000 after acquiring an additional 2,581,562 shares in the last quarter. Hedge funds and other institutional investors own 65.61% of the company’s stock.

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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.

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