Published On: Sat, Sep 17th, 2016

Traders Buy Johnson & Johnson (JNJ) on Weakness

Traders purchased shares of Johnson & Johnson (NYSE:JNJ) on weakness during trading hours on Friday. $679.89 million flowed into the stock on the tick-up and $115.81 million flowed out of the stock on the tick-down, for a money net flow of $564.08 million into the stock. Of all companies tracked, Johnson & Johnson had the 6th highest net in-flow for the day. Johnson & Johnson traded down ($0.38) for the day and closed at $118.25
JNJ has been the topic of a number of recent analyst reports. Vetr upgraded Johnson & Johnson from a “hold” rating to a “buy” rating and set a $124.21 price target on the stock in a report on Monday, August 22nd. Standpoint Research assumed coverage on Johnson & Johnson in a research note on Friday, May 20th. They issued a “sell” rating and a $94.00 target price on the stock. Leerink Swann restated an “outperform” rating and issued a $140.00 target price (up from $125.00) on shares of Johnson & Johnson in a research note on Wednesday, July 20th. BTIG Research restated a “neutral” rating on shares of Johnson & Johnson in a research note on Friday, June 3rd. Finally, RBC Capital Markets restated an “outperform” rating and issued a $133.00 target price (up from $125.00) on shares of Johnson & Johnson in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $119.10.
The firm’s 50 day moving average price is $120.86 and its 200-day moving average price is $115.84. The company has a market capitalization of $323.52 billion, a P/E ratio of 22.04 and a beta of 0.61.

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Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.74 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.06. The business had revenue of $18.50 billion for the quarter, compared to analysts’ expectations of $17.98 billion. Johnson & Johnson had a return on equity of 24.70% and a net margin of 20.97%. On average, equities research analysts expect that Johnson & Johnson will post $6.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.98%. Johnson & Johnson’s dividend payout ratio is presently 60.15%.
In other Johnson & Johnson news, CAO Ronald A. Kapusta sold 2,935 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $125.01, for a total transaction of $366,904.35. Following the sale, the chief accounting officer now directly owns 28,660 shares of the company’s stock, valued at $3,582,786.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Dominic J. Caruso sold 41,146 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $125.01, for a total value of $5,143,661.46. Following the sale, the vice president now directly owns 157,819 shares in the company, valued at $19,728,953.19. The disclosure for this sale can be found here. Company insiders own 0.11% of the company’s stock.
A number of large investors have recently bought and sold shares of JNJ. Norges Bank acquired a new stake in Johnson & Johnson during the fourth quarter worth approximately $2,532,680,000. Bank of Montreal Can purchased a new position in shares of Johnson & Johnson during the second quarter worth $858,505,000. Emerald Acquisition Ltd. purchased a new position in shares of Johnson & Johnson during the second quarter worth $805,455,000. Vanguard Group Inc. raised its position in shares of 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 during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of 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 during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
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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