Florida Trust Wealth Management Co Sells 4,244 Shares of Johnson & Johnson $JNJ

Florida Trust Wealth Management Co cut its position in Johnson & Johnson (NYSE:JNJFree Report) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 373,794 shares of the company’s stock after selling 4,244 shares during the quarter. Johnson & Johnson comprises about 2.0% of Florida Trust Wealth Management Co’s portfolio, making the stock its 11th biggest holding. Florida Trust Wealth Management Co’s holdings in Johnson & Johnson were worth $69,309,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JNJ. Brighton Jones LLC boosted its holdings in Johnson & Johnson by 13.9% in the 4th quarter. Brighton Jones LLC now owns 51,876 shares of the company’s stock valued at $7,502,000 after purchasing an additional 6,332 shares during the period. United Bank boosted its stake in shares of Johnson & Johnson by 110.7% in the first quarter. United Bank now owns 9,279 shares of the company’s stock valued at $1,539,000 after buying an additional 4,876 shares during the period. Sivia Capital Partners LLC grew its position in Johnson & Johnson by 13.4% during the second quarter. Sivia Capital Partners LLC now owns 5,863 shares of the company’s stock worth $896,000 after buying an additional 692 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Johnson & Johnson by 2.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 4,096 shares of the company’s stock worth $626,000 after acquiring an additional 81 shares during the period. Finally, Rooted Wealth Advisors Inc. acquired a new position in Johnson & Johnson in the 2nd quarter valued at $214,000. Institutional investors own 69.55% of the company’s stock.

Analyst Upgrades and Downgrades

JNJ has been the topic of a number of recent analyst reports. HSBC restated a “buy” rating and issued a $240.00 price target on shares of Johnson & Johnson in a research report on Wednesday, December 10th. Morgan Stanley raised their target price on shares of Johnson & Johnson from $190.00 to $197.00 and gave the company an “equal weight” rating in a report on Friday, December 12th. Daiwa Capital Markets raised shares of Johnson & Johnson from a “neutral” rating to an “outperform” rating and set a $203.00 price target for the company in a report on Monday, October 20th. The Goldman Sachs Group lifted their price objective on shares of Johnson & Johnson from $213.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, December 18th. Finally, Raymond James Financial raised their target price on Johnson & Johnson from $174.00 to $209.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Four 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $213.33.

View Our Latest Stock Analysis on JNJ

Johnson & Johnson Trading Down 0.3%

JNJ opened at $218.09 on Wednesday. The company has a market cap of $525.43 billion, a P/E ratio of 21.05, a PEG ratio of 2.25 and a beta of 0.34. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $206.92 and its 200-day moving average is $188.05. Johnson & Johnson has a 1-year low of $141.50 and a 1-year high of $220.11.

Johnson & Johnson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 24th. Johnson & Johnson’s payout ratio is presently 50.19%.

Johnson & Johnson News Summary

Here are the key news stories impacting Johnson & Johnson this week:

About Johnson & Johnson

(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.

See Also

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

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