Johnson & Johnson (JNJ) : Graybill Bartz Assoc Ltd reduced its stake in Johnson & Johnson by 0.03% during the most recent quarter end. The investment management company now holds a total of 25,471 shares of Johnson & Johnson which is valued at $2.8 Million after selling 8 shares in Johnson & Johnson according to a report filed by the company on Apr 5, 2016 with the SEC.Johnson & Johnson makes up approximately 2.54% of Graybill Bartz Assoc Ltd’s portfolio.
Other Hedge Funds, Including , First American Trust Fsb boosted its stake in JNJ in the latest quarter, The investment management firm added 47,958 additional shares and now holds a total of 50,427 shares of Johnson & Johnson which is valued at $5.5 Million. Johnson & Johnson makes up approx 1.94% of First American Trust Fsb’s portfolio.Lvm Capital Management Ltdmi reduced its stake in JNJ by selling 1,585 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 115,464 shares of JNJ which is valued at $12.6 Million. Johnson & Johnson makes up approx 4.00% of Lvm Capital Management Ltdmi’s portfolio.Cacti Asset Management reduced its stake in JNJ by selling 2,405 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 259,955 shares of JNJ which is valued at $28.4 Million. Johnson & Johnson makes up approx 3.05% of Cacti Asset Management’s portfolio.Beacon Financial Group reduced its stake in JNJ by selling 2,985 shares or 3.0% in the most recent quarter. The Hedge Fund company now holds 96,648 shares of JNJ which is valued at $10.6 Million. Johnson & Johnson makes up approx 2.28% of Beacon Financial Group’s portfolio.Renaissance Investment Group reduced its stake in JNJ by selling 202 shares or 0.98% in the most recent quarter. The Hedge Fund company now holds 20,471 shares of JNJ which is valued at $2.2 Million. Johnson & Johnson makes up approx 1.12% of Renaissance Investment Group’s portfolio.
On the company’s financial health, Johnson & Johnson reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.42. The company had revenue of $17811.00 million for the quarter, compared to analysts expectations of $17856.07 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.
Many Wall Street Analysts have commented on Johnson & Johnson. Company shares were Reiterated by RBC Capital Mkts on Apr 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 122 from a previous price target of $114 .Johnson & Johnson was Upgraded by Goldman to ” Neutral” on Mar 14, 2016.
Johnson & Johnson closed down -0.13 points or -0.12% at $108.97 with 68,23,922 shares getting traded on Monday. Post opening the session at $109.15, the shares hit an intraday low of $108.65 and an intraday high of $109.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Johnson & Johnson is a holding company. The Company is engaged in the research and development manufacture and sale of a range of products in the health care field. The Company has more than 265 operating companies conducting business around the world. The Companys primary focus is products related to human health and well-being. The Company is organized into three business segments: Consumer Pharmaceutical and Medical Devices. The Company’s subsidiaries operate 134 manufacturing facilities occupying approximately 21.5 million square feet of floor space. The Companys research facilities are located in the United States Belgium Brazil Canada China France Germany India Israel Japan the Netherlands Singapore Switzerland and the United Kingdom.