Kesler Norman & Wride LLC Sells 2,063 Shares of Johnson & Johnson $JNJ

Kesler Norman & Wride LLC trimmed its position in shares of Johnson & Johnson (NYSE:JNJFree Report) by 14.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,860 shares of the company’s stock after selling 2,063 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Johnson & Johnson were worth $2,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heartland Bank & Trust Co boosted its position in Johnson & Johnson by 70.9% during the first quarter. Heartland Bank & Trust Co now owns 15,382 shares of the company’s stock valued at $3,760,000 after buying an additional 6,381 shares during the period. Zhang Financial LLC increased its holdings in shares of Johnson & Johnson by 35.3% in the first quarter. Zhang Financial LLC now owns 18,324 shares of the company’s stock worth $4,479,000 after buying an additional 4,783 shares during the period. Simon Quick Advisors LLC increased its holdings in shares of Johnson & Johnson by 1.6% in the first quarter. Simon Quick Advisors LLC now owns 14,067 shares of the company’s stock worth $3,439,000 after buying an additional 219 shares during the period. FSA Advisors Inc. bought a new stake in shares of Johnson & Johnson in the 1st quarter valued at about $811,000. Finally, Kera Capital Partners Inc. boosted its holdings in Johnson & Johnson by 52.9% during the 1st quarter. Kera Capital Partners Inc. now owns 40,089 shares of the company’s stock valued at $9,799,000 after acquiring an additional 13,873 shares during the period. Hedge funds and other institutional investors own 69.55% of the company’s stock.

Johnson & Johnson Price Performance

Shares of JNJ stock opened at $252.93 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.77 and a current ratio of 1.03. Johnson & Johnson has a fifty-two week low of $162.78 and a fifty-two week high of $269.43. The firm has a market cap of $608.86 billion, a P/E ratio of 29.31, a P/E/G ratio of 2.39 and a beta of 0.24. The business’s 50 day moving average price is $239.82 and its 200-day moving average price is $234.82.

Johnson & Johnson (NYSE:JNJGet Free Report) last announced its earnings results on Wednesday, July 15th. The company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.06. Johnson & Johnson had a return on equity of 32.86% and a net margin of 21.48%.The company had revenue of $25.31 billion during the quarter, compared to the consensus estimate of $25.06 billion. During the same quarter in the prior year, the company earned $2.77 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Johnson & Johnson has set its FY 2026 guidance at 11.600-11.750 EPS. On average, equities research analysts anticipate that Johnson & Johnson will post 11.68 earnings per share for the current year.

Johnson & Johnson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th will be issued a $1.34 dividend. The ex-dividend date is Tuesday, August 25th. This represents a $5.36 annualized dividend and a yield of 2.1%. Johnson & Johnson’s dividend payout ratio is 62.11%.

Insider Activity at Johnson & Johnson

In other news, EVP Kathryn E. Wengel sold 10,000 shares of Johnson & Johnson stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $241.15, for a total transaction of $2,411,500.00. Following the sale, the executive vice president owned 114,288 shares of the company’s stock, valued at approximately $27,560,551.20. The trade was a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Key Stories Impacting Johnson & Johnson

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley lifted their price target on Johnson & Johnson from $284.00 to $294.00 and gave the stock an “overweight” rating in a research note on Thursday. Daiwa Securities Group increased their price objective on Johnson & Johnson from $237.00 to $246.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Royal Bank Of Canada lifted their target price on shares of Johnson & Johnson from $265.00 to $287.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Sanford C. Bernstein upped their price target on shares of Johnson & Johnson from $225.00 to $251.00 and gave the company a “market perform” rating in a report on Wednesday, April 15th. Finally, Bank of America increased their price target on shares of Johnson & Johnson from $254.00 to $263.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Johnson & Johnson currently has a consensus rating of “Moderate Buy” and an average price target of $265.30.

View Our Latest Analysis on JNJ

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.

See Also

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

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