Naples Global Advisors Lowers stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Naples Global Advisors reduced its stake in Johnson & Johnson by 2.64% during the most recent quarter end. The investment management company now holds a total of 19,012 shares of Johnson & Johnson which is valued at $2,094,742 after selling 516 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Johnson & Johnson makes up approximately 0.87% of Naples Global Advisors’s portfolio.

Johnson & Johnson opened for trading at $110 and hit $111.1 on the upside on Monday, eventually ending the session at $110.93, with a gain of 0.68% or 0.75 points. The heightened volatility saw the trading volume jump to 77,72,549 shares. Company has a market cap of $306,096 M.

Other Hedge Funds, Including , Bath Savings Trust Co reduced its stake in JNJ by selling 327 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 20,275 shares of JNJ which is valued at $2,233,900. Johnson & Johnson makes up approx 0.71% of Bath Savings Trust Co’s portfolio.Bkd Wealth Advisors boosted its stake in JNJ in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 32,958 shares of Johnson & Johnson which is valued at $3,631,312. Johnson & Johnson makes up approx 0.57% of Bkd Wealth Advisors’s portfolio.Lincoln Capital reduced its stake in JNJ by selling 74 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 33,743 shares of JNJ which is valued at $3,717,804. Johnson & Johnson makes up approx 2.74% of Lincoln Capital’s portfolio.Salem Capital Management Inc reduced its stake in JNJ by selling 305 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 75,160 shares of JNJ which is valued at $8,281,129. Johnson & Johnson makes up approx 4.57% of Salem Capital Management Inc’s portfolio.Central Trust Co boosted its stake in JNJ in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 209,569 shares of Johnson & Johnson which is valued at $23,090,312. Johnson & Johnson makes up approx 1.80% of Central Trust Co’s portfolio.

On the company’s financial health, Johnson & Johnson reported $1.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $1.65. The company had revenue of $17482.00 million for the quarter, compared to analysts expectations of $17491.02 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 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 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 Company’s 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 Company’s 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.

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