Independent Advisor Alliance Raises Stock Holdings in Johnson & Johnson (NYSE:JNJ)

Independent Advisor Alliance raised its position in Johnson & Johnson (NYSE:JNJ) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,029 shares of the company’s stock after buying an additional 2,548 shares during the quarter. Independent Advisor Alliance’s holdings in Johnson & Johnson were worth $15,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JNJ. Brighton Jones LLC raised its stake in shares of Johnson & Johnson by 13.9% during the fourth quarter. Brighton Jones LLC now owns 51,876 shares of the company’s stock worth $7,502,000 after purchasing an additional 6,332 shares during the last quarter. Hudson Value Partners LLC raised its stake in shares of Johnson & Johnson by 2.5% during the fourth quarter. Hudson Value Partners LLC now owns 41,403 shares of the company’s stock worth $5,648,000 after purchasing an additional 1,022 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new stake in shares of Johnson & Johnson during the fourth quarter worth approximately $3,850,000. Altman Advisors Inc. raised its stake in shares of Johnson & Johnson by 2.8% during the fourth quarter. Altman Advisors Inc. now owns 9,984 shares of the company’s stock worth $1,444,000 after purchasing an additional 273 shares during the last quarter. Finally, Stamos Capital Partners L.P. raised its stake in shares of Johnson & Johnson by 23.6% during the fourth quarter. Stamos Capital Partners L.P. now owns 55,480 shares of the company’s stock worth $8,024,000 after purchasing an additional 10,580 shares during the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.

Johnson & Johnson Stock Up 1.1%

Johnson & Johnson stock opened at $173.40 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.01. The firm has a market capitalization of $417.61 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 2.21 and a beta of 0.41. Johnson & Johnson has a fifty-two week low of $140.68 and a fifty-two week high of $173.96. The stock’s fifty day moving average is $159.26 and its two-hundred day moving average is $157.60.

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings data on Wednesday, July 16th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.09. The business had revenue of $23.74 billion for the quarter, compared to analyst estimates of $22.85 billion. Johnson & Johnson had a return on equity of 32.49% and a net margin of 25.00%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. Analysts predict that Johnson & Johnson will post 10.58 EPS for the current fiscal year.

Johnson & Johnson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 9th. Investors of record on Tuesday, August 26th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.0%. Johnson & Johnson’s dividend payout ratio (DPR) is presently 55.61%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on JNJ. Raymond James Financial cut their price target on Johnson & Johnson from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Piper Sandler restated an “overweight” rating on shares of Johnson & Johnson in a research note on Thursday, July 17th. Morgan Stanley increased their price objective on Johnson & Johnson from $171.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Guggenheim reiterated a “neutral” rating and issued a $167.00 price objective (up previously from $164.00) on shares of Johnson & Johnson in a research report on Thursday, July 17th. Finally, UBS Group increased their price objective on Johnson & Johnson from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.50.

Johnson & Johnson Profile

Johnson & Johnson is a holding company, which engages in the research, development, manufacture, and sale of products in the healthcare field. It operates through the Innovative Medicine and MedTech segments. The Innovative Medicine segment focuses on immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension.