Johnson & Johnson $JNJ Position Raised by Donoghue Forlines LLC

Donoghue Forlines LLC raised its holdings in Johnson & Johnson (NYSE:JNJFree Report) by 119.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,816 shares of the company’s stock after purchasing an additional 11,328 shares during the period. Johnson & Johnson accounts for about 1.2% of Donoghue Forlines LLC’s holdings, making the stock its 8th biggest position. Donoghue Forlines LLC’s holdings in Johnson & Johnson were worth $3,860,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. CFC Planning Co LLC grew its stake in Johnson & Johnson by 5.9% in the 3rd quarter. CFC Planning Co LLC now owns 19,357 shares of the company’s stock valued at $3,589,000 after buying an additional 1,077 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Johnson & Johnson by 5.6% in the third quarter. Resonant Capital Advisors LLC now owns 31,647 shares of the company’s stock worth $5,868,000 after acquiring an additional 1,686 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Johnson & Johnson by 1,013.7% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,582 shares of the company’s stock valued at $1,216,000 after purchasing an additional 5,991 shares in the last quarter. Lmcg Investments LLC raised its stake in shares of Johnson & Johnson by 13.2% during the 3rd quarter. Lmcg Investments LLC now owns 64,050 shares of the company’s stock valued at $11,876,000 after purchasing an additional 7,471 shares during the period. Finally, Walkner Condon Financial Advisors LLC lifted its holdings in Johnson & Johnson by 16.0% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 3,819 shares of the company’s stock worth $708,000 after purchasing an additional 528 shares in the last quarter. 69.55% of the stock is currently owned by hedge funds and other institutional investors.

Johnson & Johnson Trading Down 0.3%

Shares of JNJ opened at $218.09 on Wednesday. Johnson & Johnson has a 1-year low of $141.50 and a 1-year high of $220.11. The company has a market capitalization of $525.43 billion, a P/E ratio of 21.05, a P/E/G ratio of 2.25 and a beta of 0.34. 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 firm’s 50 day simple moving average is $206.92 and its 200 day simple moving average is $188.05.

Johnson & Johnson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be issued 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 currently 50.19%.

More Johnson & Johnson News

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Analyst Ratings Changes

A number of research analysts have weighed in on the company. Loop Capital set a $190.00 target price on Johnson & Johnson in a report on Wednesday, October 22nd. Citigroup boosted their price objective on shares of Johnson & Johnson from $215.00 to $232.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Cowen reiterated a “buy” rating on shares of Johnson & Johnson in a research note on Tuesday, October 14th. HSBC restated a “buy” rating and set a $240.00 price target on shares of Johnson & Johnson in a research report on Wednesday, December 10th. Finally, UBS Group reiterated a “buy” rating on shares of Johnson & Johnson in a research report on Monday, January 5th. Four research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $213.33.

View Our Latest Report on Johnson & Johnson

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.

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

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