Johnson & Johnson (JNJ) Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC boosted its position in Johnson & Johnson (NYSE:JNJ) by 7.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,572 shares of the company’s stock after purchasing an additional 1,433 shares during the period. Johnson & Johnson comprises 0.8% of Naples Global Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Naples Global Advisors LLC’s holdings in Johnson & Johnson were worth $2,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harding Loevner LP purchased a new position in Johnson & Johnson during the second quarter worth $106,000. Mountain Capital Investment Advisors Inc purchased a new position in Johnson & Johnson during the second quarter worth $124,000. Lenox Wealth Management Inc. increased its position in Johnson & Johnson by 1.7% during the second quarter. Lenox Wealth Management Inc. now owns 1,457 shares of the company’s stock worth $193,000 after buying an additional 24 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new position in Johnson & Johnson during the second quarter worth $200,000. Finally, Legacy Advisors LLC purchased a new position in Johnson & Johnson during the third quarter worth $202,000. 67.23% of the stock is owned by hedge funds and other institutional investors.

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In related news, VP Paulus Stoffels sold 155,342 shares of Johnson & Johnson 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 transaction, the vice president now owns 357,906 shares in the company, valued at $46,477,673.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by company insiders.

Several research firms have weighed in on JNJ. Wells Fargo reissued an “outperform” rating and set a $160.00 price target (up previously from $155.00) on shares of Johnson & Johnson in a research report on Friday, January 12th. Vetr raised Johnson & Johnson from a “hold” rating to a “buy” rating and set a $150.89 price target for the company in a research report on Thursday, January 11th. Credit Suisse Group set a $154.00 price target on Johnson & Johnson and gave the stock a “hold” rating in a research report on Monday, January 22nd. Royal Bank of Canada reissued a “buy” rating on shares of Johnson & Johnson in a research report on Tuesday, January 9th. Finally, Stifel Nicolaus raised their price objective on Johnson & Johnson from $142.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $144.58.

Shares of Johnson & Johnson stock opened at $128.10 on Friday. 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 $349,877.28, a P/E ratio of 17.55, a PEG ratio of 2.07 and a beta of 0.74. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.12 and a current ratio of 1.41.

Johnson & Johnson (NYSE:JNJ) last issued its earnings results on Tuesday, January 23rd. The company reported $1.74 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $20.20 billion for the quarter, compared to analysts’ expectations of $20.08 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities research analysts predict that Johnson & Johnson will post 8.11 EPS for the current year.

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About Johnson & Johnson

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

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