Founders Capital Management reduced its holdings in Johnson & Johnson (NYSE:JNJ) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,332 shares of the company’s stock after selling 90 shares during the period. Johnson & Johnson makes up 1.1% of Founders Capital Management’s portfolio, making the stock its 26th largest holding. Founders Capital Management’s holdings in Johnson & Johnson were worth $1,075,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Concentric Wealth Management LLC increased its stake in Johnson & Johnson by 3.2% in the 2nd quarter. Concentric Wealth Management LLC now owns 26,611 shares of the company’s stock worth $3,229,000 after purchasing an additional 813 shares in the last quarter. Vishria Bird Financial Group LLC acquired a new stake in shares of Johnson & Johnson during the 2nd quarter valued at about $578,000. GW Henssler & Associates Ltd. lifted its holdings in shares of Johnson & Johnson by 1.1% during the 2nd quarter. GW Henssler & Associates Ltd. now owns 119,457 shares of the company’s stock valued at $14,495,000 after buying an additional 1,276 shares during the last quarter. Hyman Charles D lifted its holdings in shares of Johnson & Johnson by 2.2% during the 2nd quarter. Hyman Charles D now owns 273,639 shares of the company’s stock valued at $33,203,000 after buying an additional 5,812 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Johnson & Johnson by 3.3% during the 2nd quarter. Brighton Jones LLC now owns 19,327 shares of the company’s stock valued at $2,345,000 after buying an additional 613 shares during the last quarter. 67.32% of the stock is owned by institutional investors and hedge funds.
NYSE JNJ traded down $1.00 during trading hours on Friday, hitting $137.52. 10,485,289 shares of the company traded hands, compared to its average volume of 6,120,494. Johnson & Johnson has a twelve month low of $118.62 and a twelve month high of $148.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 1.47. The stock has a market capitalization of $368.95 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 2.38 and a beta of 0.68.
Several equities research analysts recently weighed in on JNJ shares. Zacks Investment Research upgraded Johnson & Johnson from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Wednesday, March 27th. Morgan Stanley lifted their price target on Johnson & Johnson from $134.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays reaffirmed an “equal weight” rating and issued a $135.00 price target (down from $137.00) on shares of Johnson & Johnson in a research report on Wednesday, January 23rd. Citigroup boosted their price objective on Johnson & Johnson from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. Finally, BMO Capital Markets boosted their price objective on Johnson & Johnson from $154.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $146.40.
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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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