CoreCap Advisors LLC Increases Stock Holdings in Johnson & Johnson $JNJ

CoreCap Advisors LLC increased its stake in Johnson & Johnson (NYSE:JNJFree Report) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,861 shares of the company’s stock after acquiring an additional 2,950 shares during the quarter. CoreCap Advisors LLC’s holdings in Johnson & Johnson were worth $3,868,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in shares of Johnson & Johnson during the second quarter worth about $27,000. Clayton Financial Group LLC acquired a new stake in Johnson & Johnson in the 3rd quarter worth about $28,000. Semmax Financial Advisors Inc. raised its holdings in shares of Johnson & Johnson by 55.0% during the second quarter. Semmax Financial Advisors Inc. now owns 203 shares of the company’s stock valued at $31,000 after acquiring an additional 72 shares during the last quarter. GFG Capital LLC acquired a new position in shares of Johnson & Johnson during the second quarter valued at approximately $35,000. Finally, Signature Resources Capital Management LLC lifted its position in shares of Johnson & Johnson by 262.9% in the third quarter. Signature Resources Capital Management LLC now owns 254 shares of the company’s stock valued at $47,000 after acquiring an additional 184 shares in the last quarter. 69.55% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Johnson & Johnson

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Johnson & Johnson Price Performance

Shares of JNJ stock opened at $204.47 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.07 and a quick ratio of 0.80. The company has a market capitalization of $492.62 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.11 and a beta of 0.34. The firm’s 50-day moving average is $202.87 and its two-hundred day moving average is $184.52. Johnson & Johnson has a 12 month low of $140.68 and a 12 month high of $215.18.

Johnson & Johnson (NYSE:JNJGet Free Report) last announced its quarterly earnings results on Wednesday, August 30th. The company reported $2.26 earnings per share (EPS) for the quarter. The business had revenue of $24.02 billion during the quarter. Johnson & Johnson had a net margin of 27.26% and a return on equity of 32.73%. Johnson & Johnson has set its FY 2025 guidance at 10.800-10.900 EPS. Analysts predict that Johnson & Johnson will post 10.58 earnings per share for the current year.

Johnson & Johnson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be given a $1.30 dividend. The ex-dividend date is Tuesday, February 24th. This represents a $5.20 dividend on an annualized basis and a yield of 2.5%. Johnson & Johnson’s payout ratio is currently 50.19%.

Analyst Ratings Changes

JNJ has been the subject of several research reports. Daiwa America upgraded Johnson & Johnson from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Argus set a $210.00 target price on shares of Johnson & Johnson in a report on Wednesday, October 15th. JPMorgan Chase & Co. raised their price target on shares of Johnson & Johnson from $185.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Royal Bank Of Canada set a $240.00 price objective on shares of Johnson & Johnson in a research note on Wednesday, December 17th. Finally, Raymond James Financial raised their target price on shares of Johnson & Johnson from $174.00 to $209.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.33.

Check Out Our Latest Stock Report on Johnson & Johnson

Johnson & Johnson Profile

(Free Report)

Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, New Jersey, that develops, manufactures and markets a broad range of products across pharmaceuticals, medical devices and previously consumer health. Founded in 1886 by the Johnson family, the company has grown into a global healthcare organization with operations and sales in many countries around the world.

The company’s pharmaceuticals business, organized largely under its Janssen research and development organization, focuses on prescription medicines across therapeutic areas such as immunology, infectious disease, oncology and neuroscience.

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Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

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