Stock Yards Bank & Trust Co. boosted its position in Johnson & Johnson (NYSE:JNJ) by 13.7% during the 4th quarter, HoldingsChannel reports. The firm owned 153,470 shares of the company’s stock after purchasing an additional 18,540 shares during the quarter. Johnson & Johnson accounts for about 2.4% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 8th largest holding. Stock Yards Bank & Trust Co.’s holdings in Johnson & Johnson were worth $21,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Harding Loevner LP bought a new position in shares of Johnson & Johnson in the 2nd quarter worth $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Johnson & Johnson by 29.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock worth $115,000 after buying an additional 200 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Johnson & Johnson by 46.4% in the 2nd quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock worth $122,000 after buying an additional 3,467 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in shares of Johnson & Johnson in the 2nd quarter worth $124,000. Finally, Lenox Wealth Management Inc. increased its holdings in shares of Johnson & Johnson by 1.7% in the 2nd quarter. Lenox Wealth Management Inc. now owns 1,457 shares of the company’s stock worth $193,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 67.21% of the company’s stock.
A number of brokerages have recently commented on JNJ. Vetr raised shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $150.89 price target on the stock in a report on Thursday, January 11th. Jefferies Group set a $161.00 price target on shares of Johnson & Johnson and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus increased their price target on shares of Johnson & Johnson from $142.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. BMO Capital Markets increased their price target on shares of Johnson & Johnson to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Finally, Zacks Investment Research lowered shares of Johnson & Johnson from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $146.06.
Shares of JNJ stock opened at $125.10 on Friday. The stock has a market cap of $341,748.06, a price-to-earnings ratio of 320.77, a price-to-earnings-growth ratio of 2.03 and a beta of 0.77. Johnson & Johnson has a twelve month low of $120.95 and a twelve month high of $148.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.41 and a quick ratio of 1.12.
Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings results on Tuesday, January 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.02. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.08 billion. Johnson & Johnson had a net margin of 1.70% and a return on equity of 29.00%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. equities analysts expect that Johnson & Johnson will post 8.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 27th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Monday, February 26th. Johnson & Johnson’s dividend payout ratio (DPR) is presently 861.54%.
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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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