Johnson & Johnson (JNJ) Rating Lowered to Hold at Vetr Inc.
Johnson & Johnson (NYSE:JNJ) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday. They currently have a $123.13 price target on the stock. Vetr‘s target price suggests a potential upside of 3.55% from the stock’s current price.
A number of other analysts have also weighed in on JNJ. BTIG Research reiterated a “neutral” rating on shares of Johnson & Johnson in a report on Friday, June 3rd. Leerink Swann reiterated a “buy” rating on shares of Johnson & Johnson in a report on Sunday, September 11th. Wells Fargo & Co. reiterated a “buy” rating on shares of Johnson & Johnson in a report on Monday, July 11th. BMO Capital Markets reiterated an “outperform” rating and set a $132.00 target price on shares of Johnson & Johnson in a report on Wednesday, July 20th. Finally, Jefferies Group lowered their price objective on shares of Johnson & Johnson from $119.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. Johnson & Johnson presently has a consensus rating of “Hold” and an average price target of $119.53.
Shares of Johnson & Johnson (NYSE:JNJ) traded up 0.81% during mid-day trading on Wednesday, reaching $118.91. The company’s stock had a trading volume of 6,337,292 shares. Johnson & Johnson has a 12 month low of $89.90 and a 12 month high of $126.07. The company has a market cap of $325.32 billion, a P/E ratio of 22.16 and a beta of 0.61. The company has a 50-day moving average of $120.26 and a 200-day moving average of $116.14.
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Johnson & Johnson (NYSE:JNJ) last posted its earnings results on Tuesday, July 19th. The company reported $1.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.06. The company earned $18.50 billion during the quarter, compared to analyst estimates of $17.98 billion. Johnson & Johnson had a net margin of 20.97% and a return on equity of 24.70%. Equities research analysts forecast that Johnson & Johnson will post $6.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Friday, August 19th. Johnson & Johnson’s dividend payout ratio is presently 60.15%.
In other news, CAO Ronald A. Kapusta sold 2,935 shares of Johnson & Johnson stock in a transaction 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 transaction, the chief accounting officer now owns 28,660 shares in the company, valued at approximately $3,582,786.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dominic J. Caruso sold 41,146 shares of Johnson & Johnson stock in a transaction 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 transaction, the vice president now owns 157,819 shares in the company, valued at approximately $19,728,953.19. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Choate Investment Advisors boosted its position in shares of Johnson & Johnson by 10.6% in the fourth quarter. Choate Investment Advisors now owns 78,607 shares of the company’s stock valued at $8,220,000 after buying an additional 7,523 shares in the last quarter. Founders Capital Management LLC boosted its position in Johnson & Johnson by 2.0% in the first quarter. Founders Capital Management LLC now owns 57,005 shares of the company’s stock worth $6,168,000 after buying an additional 1,111 shares during the period. First American Trust FSB boosted its position in Johnson & Johnson by 1,942.4% in the first quarter. First American Trust FSB now owns 50,427 shares of the company’s stock worth $5,456,000 after buying an additional 47,958 shares during the period. Stock Yards Bank & Trust Co. boosted its position in Johnson & Johnson by 3.3% in the first quarter. Stock Yards Bank & Trust Co. now owns 81,147 shares of the company’s stock worth $8,780,000 after buying an additional 2,555 shares during the period. Finally, Indiana Trust & Investment Management CO boosted its position in Johnson & Johnson by 3.1% in the first quarter. Indiana Trust & Investment Management CO now owns 13,259 shares of the company’s stock worth $1,435,000 after buying an additional 395 shares during the period. Institutional investors and hedge funds own 65.32% of the company’s stock.
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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