Marco Investment Management LLC Trims Holdings in Johnson & Johnson (JNJ)

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Marco Investment Management LLC reduced its stake in Johnson & Johnson (NYSE:JNJ) by 39.0% during the first quarter, Holdings Channel reports. The fund owned 34,125 shares of the company’s stock after selling 21,797 shares during the quarter. Marco Investment Management LLC’s holdings in Johnson & Johnson were worth $4,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Joel Isaacson & Co. LLC increased its holdings in shares of Johnson & Johnson by 2.2% in the 1st quarter. Joel Isaacson & Co. LLC now owns 44,026 shares of the company’s stock worth $5,642,000 after buying an additional 927 shares during the last quarter. Berkshire Asset Management LLC PA increased its holdings in shares of Johnson & Johnson by 2.3% in the 1st quarter. Berkshire Asset Management LLC PA now owns 221,307 shares of the company’s stock worth $28,361,000 after buying an additional 4,876 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Johnson & Johnson by 54.8% in the 1st quarter. Alps Advisors Inc. now owns 15,060 shares of the company’s stock worth $1,930,000 after buying an additional 5,333 shares during the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of Johnson & Johnson by 1.7% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 34,674 shares of the company’s stock worth $4,443,000 after buying an additional 567 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of Johnson & Johnson by 75.4% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 628,816 shares of the company’s stock worth $80,583,000 after buying an additional 270,367 shares during the last quarter. Institutional investors own 65.96% of the company’s stock.

A number of analysts have recently weighed in on JNJ shares. TheStreet upgraded shares of Johnson & Johnson from a “c+” rating to a “b” rating in a report on Friday, May 18th. Jefferies Financial Group set a $153.00 target price on shares of Johnson & Johnson and gave the stock a “buy” rating in a report on Friday, April 13th. Zacks Investment Research upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Wednesday, April 11th. Credit Suisse Group set a $154.00 target price on shares of Johnson & Johnson and gave the stock a “buy” rating in a report on Tuesday, April 17th. Finally, Deutsche Bank restated a “buy” rating on shares of Johnson & Johnson in a report on Wednesday, April 18th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $142.23.

Johnson & Johnson opened at $122.84 on Monday, Marketbeat.com reports. Johnson & Johnson has a 12 month low of $118.62 and a 12 month high of $148.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.58 and a quick ratio of 1.25. The stock has a market cap of $329.57 billion, a P/E ratio of 16.83, a PEG ratio of 1.88 and a beta of 0.73.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings results on Tuesday, April 17th. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.06. Johnson & Johnson had a net margin of 1.58% and a return on equity of 30.65%. The firm had revenue of $20.01 billion during the quarter, compared to analysts’ expectations of $19.50 billion. During the same period in the previous year, the company earned $1.83 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. research analysts expect that Johnson & Johnson will post 8.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 29th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.93%. This is a boost from Johnson & Johnson’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend was Friday, May 25th. Johnson & Johnson’s payout ratio is 49.32%.

Johnson & Johnson Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.

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

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