Johnson & Johnson (JNJ) is Berkshire Asset Management LLC PA’s 4th Largest Position

Berkshire Asset Management LLC PA raised its stake in Johnson & Johnson (NYSE:JNJ) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,426 shares of the company’s stock after purchasing an additional 513 shares during the quarter. Johnson & Johnson makes up about 2.9% of Berkshire Asset Management LLC PA’s portfolio, making the stock its 4th biggest holding. Berkshire Asset Management LLC PA’s holdings in Johnson & Johnson were worth $25,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harding Loevner LP acquired a new stake in Johnson & Johnson during the 2nd quarter worth approximately $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Johnson & Johnson by 29.9% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock worth $115,000 after purchasing an additional 200 shares during the last quarter. Lenox Wealth Advisors Inc. lifted its holdings in Johnson & Johnson by 0.6% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock worth $116,000 after purchasing an additional 5 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Johnson & Johnson during the 2nd quarter worth approximately $124,000. Finally, Shine Investment Advisory Services Inc. acquired a new stake in Johnson & Johnson during the 2nd quarter worth approximately $177,000. Institutional investors own 65.71% of the company’s stock.

Several analysts recently weighed in on the company. Vetr raised Johnson & Johnson from a “hold” rating to a “buy” rating and set a $150.89 price target for the company in a report on Thursday, January 11th. Stifel Nicolaus lifted their price target on Johnson & Johnson from $140.00 to $142.00 and gave the stock a “hold” rating in a report on Wednesday, October 18th. Citigroup lifted their price target on Johnson & Johnson from $140.00 to $149.00 and gave the stock a “buy” rating in a report on Monday, October 23rd. Jefferies Group raised Johnson & Johnson from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $157.00 in a report on Wednesday, October 11th. Finally, Argus lifted their price target on Johnson & Johnson from $145.00 to $165.00 and gave the stock a “positive” rating in a report on Wednesday, October 18th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $145.94.

Johnson & Johnson (NYSE:JNJ) opened at $147.36 on Friday. The firm has a market capitalization of $395,890.00, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 2.75 and a beta of 0.80. The company has a quick ratio of 1.02, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Johnson & Johnson has a fifty-two week low of $110.76 and a fifty-two week high of $148.32.

Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.10. The firm had revenue of $19.65 billion during the quarter, compared to analysts’ expectations of $19.29 billion. Johnson & Johnson had a return on equity of 27.38% and a net margin of 21.28%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 EPS. equities research analysts anticipate that Johnson & Johnson will post 7.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 27th will be issued a $0.84 dividend. The ex-dividend date is Monday, February 26th. This represents a $3.36 annualized dividend and a yield of 2.28%. Johnson & Johnson’s dividend payout ratio is presently 58.33%.

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About Johnson & Johnson

Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.

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

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