Broadleaf Partners LLC Takes $894,000 Position in Johnson & Johnson (JNJ)

Broadleaf Partners LLC acquired a new stake in shares of Johnson & Johnson (NYSE:JNJ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,397 shares of the company’s stock, valued at approximately $894,000.

Several other large investors also recently made changes to their positions in JNJ. Eagle Ridge Investment Management boosted its stake in Johnson & Johnson by 3.5% in the 3rd quarter. Eagle Ridge Investment Management now owns 27,522 shares of the company’s stock worth $3,578,000 after purchasing an additional 928 shares during the period. Oliver Luxxe Assets LLC boosted its position in shares of Johnson & Johnson by 12.7% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 17,538 shares of the company’s stock valued at $2,320,000 after acquiring an additional 1,972 shares during the last quarter. Progressive Investment Management Corp boosted its position in shares of Johnson & Johnson by 6.8% during the 3rd quarter. Progressive Investment Management Corp now owns 40,317 shares of the company’s stock valued at $5,242,000 after acquiring an additional 2,584 shares during the last quarter. Middleton & Co Inc MA boosted its position in shares of Johnson & Johnson by 40.5% during the 3rd quarter. Middleton & Co Inc MA now owns 39,272 shares of the company’s stock valued at $5,106,000 after acquiring an additional 11,315 shares during the last quarter. Finally, Sitrin Capital Management LLC boosted its position in shares of Johnson & Johnson by 1.6% during the 2nd quarter. Sitrin Capital Management LLC now owns 48,986 shares of the company’s stock valued at $6,480,000 after acquiring an additional 792 shares during the last quarter. Institutional investors own 67.21% of the company’s stock.

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Shares of Johnson & Johnson (NYSE:JNJ) opened at $125.10 on Monday. Johnson & Johnson has a twelve month low of $120.95 and a twelve month high of $148.32. The firm has a market capitalization of $335,631.06, a price-to-earnings ratio of 320.77, a P/E/G ratio of 1.99 and a beta of 0.77. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.51.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings results on Tuesday, January 23rd. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.02. Johnson & Johnson had a return on equity of 29.00% and a net margin of 1.70%. The company had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.08 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. Johnson & Johnson’s quarterly revenue was up 11.5% compared to the same quarter last year. equities analysts forecast that Johnson & Johnson will post 8.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, February 27th were paid a $0.84 dividend. The ex-dividend date was Monday, February 26th. This represents a $3.36 dividend on an annualized basis and a yield of 2.69%. Johnson & Johnson’s payout ratio is 861.54%.

In other Johnson & Johnson news, VP Paulus Stoffels sold 155,342 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $129.86, for a total value of $20,172,712.12. Following the sale, the vice president now owns 357,906 shares in the company, valued at $46,477,673.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. downgraded Johnson & Johnson from an “overweight” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Vetr upgraded Johnson & Johnson from a “hold” rating to a “buy” rating and set a $147.14 target price for the company in a research report on Wednesday, December 20th. BMO Capital Markets increased their target price on Johnson & Johnson to $161.00 and gave the company an “outperform” rating in a research report on Tuesday, December 12th. Jefferies Group set a $165.00 target price on Johnson & Johnson and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, BTIG Research reiterated a “sell” rating and set a $110.00 target price on shares of Johnson & Johnson in a research report on Wednesday, January 24th. Four analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Johnson & Johnson has a consensus rating of “Hold” and a consensus price target of $146.06.

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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. 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.

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

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