Johnson & Johnson (NYSE:JNJ) Trading 1.5% Higher – What’s Next?

Johnson & Johnson (NYSE:JNJGet Free Report)’s stock price rose 1.5% during trading on Thursday . The company traded as high as $260.20 and last traded at $259.3410. 7,872,627 shares were traded during mid-day trading, a decline of 7% from the average session volume of 8,453,166 shares. The stock had previously closed at $255.63.

More Johnson & Johnson News

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on JNJ shares. TD Cowen raised their price target on Johnson & Johnson from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Wall Street Zen raised Johnson & Johnson from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. JPMorgan Chase & Co. increased their price objective on Johnson & Johnson from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada lifted their target price on Johnson & Johnson from $265.00 to $287.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Finally, Sanford C. Bernstein boosted their target price on Johnson & Johnson from $225.00 to $251.00 and gave the company a “market perform” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $265.30.

Read Our Latest Stock Report on Johnson & Johnson

Johnson & Johnson Trading Up 1.6%

The company has a quick ratio of 0.77, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $242.71 and its 200 day moving average is $236.32. The stock has a market cap of $634.13 billion, a PE ratio of 30.52, a P/E/G ratio of 2.46 and a beta of 0.24.

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

Johnson & Johnson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, August 25th. Johnson & Johnson’s payout ratio is presently 62.11%.

Insiders Place Their Bets

In other news, EVP Kathryn E. Wengel sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $241.15, for a total value of $2,411,500.00. Following the completion of the transaction, the executive vice president owned 114,288 shares in the company, valued at $27,560,551.20. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Johnson & Johnson

Hedge funds have recently added to or reduced their stakes in the business. Sunpointe LLC raised its position in shares of Johnson & Johnson by 2.7% during the 2nd quarter. Sunpointe LLC now owns 15,952 shares of the company’s stock worth $4,051,000 after purchasing an additional 422 shares during the last quarter. Wealth Advisory Solutions LLC grew its holdings in Johnson & Johnson by 2.2% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 5,821 shares of the company’s stock valued at $1,478,000 after buying an additional 123 shares during the last quarter. BridgePort Financial Solutions LLC increased its position in Johnson & Johnson by 11.8% during the second quarter. BridgePort Financial Solutions LLC now owns 5,466 shares of the company’s stock worth $1,388,000 after buying an additional 575 shares in the last quarter. Xcel Wealth Management LLC purchased a new position in Johnson & Johnson during the second quarter worth $1,079,000. Finally, Petra Financial Advisors Inc. acquired a new position in shares of Johnson & Johnson in the second quarter worth $209,000. 69.55% of the stock is currently owned by hedge funds and other institutional investors.

About Johnson & Johnson

(Get 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.

Further Reading

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