Published On: Wed, Sep 7th, 2016

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

Investors sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading hours on Tuesday. $91.84 million flowed into the stock on the tick-up and $188.35 million flowed out of the stock on the tick-down, for a money net flow of $96.51 million out of the stock. Of all companies tracked, Johnson & Johnson had the 0th highest net out-flow for the day. Johnson & Johnson traded up $0.43 for the day and closed at $119.75
A number of equities analysts recently issued reports on JNJ shares. BTIG Research reissued a “neutral” rating on shares of Johnson & Johnson in a report on Thursday, August 25th. Vetr raised shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $124.21 price objective on the stock in a report on Monday, August 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $142.00 price objective on shares of Johnson & Johnson in a report on Friday, August 19th. Jefferies Group raised their price objective 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. Finally, Goldman Sachs Group set a $121.00 price objective on shares of Johnson & Johnson and gave the stock a “neutral” rating in a report on Monday, June 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Johnson & Johnson currently has an average rating of “Hold” and a consensus price target of $119.53.
The firm has a market cap of $327.62 billion and a P/E ratio of 22.32. The firm has a 50 day moving average of $122.32 and a 200 day moving average of $115.21.

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Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.06. The business earned $18.50 billion during the quarter, compared to analyst estimates of $17.98 billion. On average, equities analysts forecast that Johnson & Johnson will post $6.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.97%.
In other news, CAO Ronald A. Kapusta sold 2,935 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $125.01, for a total transaction of $366,904.35. Following the sale, the chief accounting officer now owns 28,660 shares of the company’s stock, valued at approximately $3,582,786.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dominic J. Caruso sold 41,146 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $125.01, for a total transaction of $5,143,661.46. Following the sale, the vice president now directly owns 157,819 shares in the company, valued at approximately $19,728,953.19. The disclosure for this sale can be found here.
Several large investors have recently modified their holdings of JNJ. American International Group Inc. boosted its stake in shares of Johnson & Johnson by 2.9% in the fourth quarter. American International Group Inc. now owns 1,543,576 shares of the company’s stock worth $158,556,000 after buying an additional 43,388 shares during the last quarter. Matarin Capital Management LLC purchased a new stake in shares of Johnson & Johnson during the fourth quarter worth approximately $5,275,000. Finally, Wafra Investment Advisory Group Inc. NY boosted its stake in shares of Johnson & Johnson by 10.0% in the fourth quarter. Wafra Investment Advisory Group Inc. NY now owns 22,608 shares of the company’s stock worth $2,322,000 after buying an additional 2,058 shares during the last quarter.
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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