Pinion Investment Advisors LLC Buys Shares of 2,369 Johnson & Johnson $JNJ

Pinion Investment Advisors LLC bought a new stake in Johnson & Johnson (NYSE:JNJFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor bought 2,369 shares of the company’s stock, valued at approximately $490,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riverbend Wealth Management LLC grew its stake in shares of Johnson & Johnson by 8.8% in the 4th quarter. Riverbend Wealth Management LLC now owns 5,254 shares of the company’s stock valued at $1,087,000 after buying an additional 424 shares in the last quarter. Sava Infond d.o.o. grew its stake in shares of Johnson & Johnson by 7.1% in the 4th quarter. Sava Infond d.o.o. now owns 18,020 shares of the company’s stock valued at $3,729,000 after buying an additional 1,200 shares in the last quarter. Klingman & Associates LLC grew its stake in shares of Johnson & Johnson by 1.1% in the 4th quarter. Klingman & Associates LLC now owns 17,792 shares of the company’s stock valued at $3,682,000 after buying an additional 191 shares in the last quarter. Veracity Capital LLC grew its stake in shares of Johnson & Johnson by 4.0% in the 4th quarter. Veracity Capital LLC now owns 3,549 shares of the company’s stock valued at $735,000 after buying an additional 135 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of Johnson & Johnson by 4.0% in the 4th quarter. Resonant Capital Advisors LLC now owns 32,912 shares of the company’s stock valued at $6,811,000 after buying an additional 1,265 shares in the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.

Insider Buying and Selling

In other news, EVP Timothy Schmid sold 1,322 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $245.66, for a total transaction of $324,762.52. Following the completion of the transaction, the executive vice president directly owned 25,447 shares in the company, valued at $6,251,310.02. The trade was a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vanessa Broadhurst sold 6,197 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.39, for a total value of $1,508,287.83. Following the transaction, the executive vice president owned 23,003 shares of the company’s stock, valued at approximately $5,598,700.17. This trade represents a 21.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,142 shares of company stock valued at $7,360,528 in the last ninety days. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JNJ. Royal Bank Of Canada reissued an “outperform” rating and issued a $265.00 price target on shares of Johnson & Johnson in a research note on Wednesday, April 15th. HSBC boosted their price target on Johnson & Johnson from $265.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 17th. Freedom Capital cut Johnson & Johnson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Sanford C. Bernstein boosted their price target on Johnson & Johnson from $225.00 to $251.00 and gave the company a “market perform” rating in a research note on Wednesday, April 15th. Finally, JPMorgan Chase & Co. boosted their price target on Johnson & Johnson from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Eighteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $252.48.

View Our Latest Analysis on Johnson & Johnson

Key Headlines Impacting Johnson & Johnson

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

Johnson & Johnson Stock Down 0.2%

Shares of Johnson & Johnson stock opened at $227.30 on Thursday. The stock has a market capitalization of $547.16 billion, a P/E ratio of 26.28, a PEG ratio of 2.21 and a beta of 0.34. The company has a quick ratio of 0.77, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $239.16 and a two-hundred day moving average price of $219.43. Johnson & Johnson has a 12-month low of $146.12 and a 12-month high of $251.71.

Johnson & Johnson (NYSE:JNJGet Free Report) last announced its earnings results on Tuesday, April 14th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.02. Johnson & Johnson had a return on equity of 32.60% and a net margin of 21.83%.The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.77 earnings per share. Johnson & Johnson has set its FY 2026 guidance at 11.450-11.650 EPS. Equities analysts expect that Johnson & Johnson will post 11.57 earnings per share for the current year.

Johnson & Johnson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This is an increase from Johnson & Johnson’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a yield of 2.4%. Johnson & Johnson’s dividend payout ratio (DPR) is currently 60.12%.

Johnson & Johnson Company 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.

See Also

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

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