Johnson & Johnson (JNJ) Position Reduced by Wendell David Associates Inc.

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Wendell David Associates Inc. cut its stake in shares of Johnson & Johnson (NYSE:JNJ) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 118,794 shares of the company’s stock after selling 711 shares during the period. Johnson & Johnson makes up approximately 2.8% of Wendell David Associates Inc.’s holdings, making the stock its 9th biggest holding. Wendell David Associates Inc.’s holdings in Johnson & Johnson were worth $15,330,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Stuart Chaussee & Associates Inc. raised its position in shares of Johnson & Johnson by 20.7% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the company’s stock valued at $60,000 after purchasing an additional 80 shares in the last quarter. Deane Retirement Strategies Inc. raised its position in shares of Johnson & Johnson by 0.7% in the 4th quarter. Deane Retirement Strategies Inc. now owns 12,458 shares of the company’s stock valued at $1,608,000 after purchasing an additional 82 shares in the last quarter. Iron Financial LLC raised its position in shares of Johnson & Johnson by 1.8% in the 4th quarter. Iron Financial LLC now owns 4,811 shares of the company’s stock valued at $621,000 after purchasing an additional 87 shares in the last quarter. Aries Wealth Management raised its position in shares of Johnson & Johnson by 0.7% in the 4th quarter. Aries Wealth Management now owns 13,897 shares of the company’s stock valued at $1,793,000 after purchasing an additional 102 shares in the last quarter. Finally, Northside Capital Management LLC raised its position in shares of Johnson & Johnson by 1.0% in the 4th quarter. Northside Capital Management LLC now owns 10,903 shares of the company’s stock valued at $1,407,000 after purchasing an additional 105 shares in the last quarter. 67.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE JNJ opened at $136.52 on Tuesday. Johnson & Johnson has a twelve month low of $118.62 and a twelve month high of $148.99. The company has a quick ratio of 1.20, a current ratio of 1.47 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $366.27 billion, a PE ratio of 16.69, a PEG ratio of 2.08 and a beta of 0.68.

Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, January 22nd. The company reported $1.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.95 by $0.02. Johnson & Johnson had a return on equity of 35.63% and a net margin of 18.75%. The business had revenue of $20.39 billion during the quarter, compared to the consensus estimate of $20.27 billion. During the same period in the previous year, the business earned $1.74 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts forecast that Johnson & Johnson will post 8.58 EPS for the current year.

Johnson & Johnson announced that its Board of Directors has authorized a share buyback plan on Monday, December 17th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

A number of equities analysts have issued reports on JNJ shares. Zacks Investment Research lowered Johnson & Johnson from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Morgan Stanley cut their target price on Johnson & Johnson from $153.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $152.00 target price (down from $162.00) on shares of Johnson & Johnson in a research report on Monday, January 14th. Barclays reaffirmed an “equal weight” rating and issued a $135.00 target price (down from $137.00) on shares of Johnson & Johnson in a research report on Wednesday, January 23rd. Finally, Citigroup cut their target price on Johnson & Johnson from $148.00 to $139.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 2nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $143.58.

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Johnson & Johnson Company Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The 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, 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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