Traders Sell Johnson & Johnson (JNJ) on Strength (JNJ)

Investors sold shares of Johnson & Johnson (NYSE:JNJ) on strength during trading hours on Monday. $61.80 million flowed into the stock on the tick-up and $145.95 million flowed out of the stock on the tick-down, for a money net flow of $84.15 million out of the stock. Of all stocks tracked, Johnson & Johnson had the 5th highest net out-flow for the day. Johnson & Johnson traded up $0.23 for the day and closed at $133.45

Several analysts have commented on the stock. Zacks Investment Research cut shares of Johnson & Johnson from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Atlantic Securities cut shares of Johnson & Johnson from a “neutral” rating to an “underweight” rating and set a $113.00 target price for the company. in a research note on Friday, July 21st. BTIG Research cut shares of Johnson & Johnson from a “neutral” rating to a “sell” rating and set a $110.00 target price for the company. in a research note on Friday, July 21st. Alembic Global Advisors cut shares of Johnson & Johnson from a “neutral” rating to an “underweight” rating in a research note on Friday, July 21st. Finally, Vetr cut shares of Johnson & Johnson from a “hold” rating to a “sell” rating and set a $130.49 target price for the company. in a research note on Monday, September 18th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $135.45.

The firm has a market cap of $358.18 billion, a price-to-earnings ratio of 22.58 and a beta of 0.78. The firm’s 50-day moving average is $132.23 and its 200-day moving average is $129.87.

Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.04. Johnson & Johnson had a net margin of 22.52% and a return on equity of 26.76%. The firm had revenue of $18.84 billion during the quarter, compared to the consensus estimate of $18.94 billion. During the same period in the prior year, the firm earned $1.74 EPS. The business’s revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Johnson & Johnson will post $7.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 29th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 25th. Johnson & Johnson’s dividend payout ratio (DPR) is presently 56.76%.

In other Johnson & Johnson news, VP Paulus Stoffels sold 102,692 shares of the stock in a transaction on Monday, July 24th. The shares were sold at an average price of $133.14, for a total value of $13,672,412.88. Following the completion of the sale, the vice president now directly owns 230,342 shares of the company’s stock, valued at approximately $30,667,733.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Dominic J. Caruso sold 82,591 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $136.72, for a total transaction of $11,291,841.52. Following the completion of the sale, the vice president now directly owns 226,693 shares of the company’s stock, valued at $30,993,466.96. The disclosure for this sale can be found here. 0.19% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Amarillo National Bank boosted its holdings in Johnson & Johnson by 7.3% in the 3rd quarter. Amarillo National Bank now owns 6,071 shares of the company’s stock valued at $789,000 after purchasing an additional 411 shares during the period. First National Bank of Mount Dora Trust Investment Services boosted its holdings in Johnson & Johnson by 2.6% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 53,176 shares of the company’s stock valued at $6,914,000 after purchasing an additional 1,350 shares during the period. Curbstone Financial Management Corp boosted its holdings in Johnson & Johnson by 99.1% in the 3rd quarter. Curbstone Financial Management Corp now owns 30,400 shares of the company’s stock valued at $3,952,000 after purchasing an additional 15,134 shares during the period. Bogart Wealth LLC boosted its holdings in Johnson & Johnson by 6.7% in the 2nd quarter. Bogart Wealth LLC now owns 6,006 shares of the company’s stock valued at $795,000 after purchasing an additional 378 shares during the period. Finally, MPS Loria Financial Planners LLC bought a new stake in Johnson & Johnson in the 2nd quarter valued at $1,415,000. 65.90% of the stock is owned by hedge funds and other institutional investors.

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Johnson & Johnson Company Profile

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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