Macnealy Hoover Investment Management Inc buys $4,698,736 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Macnealy Hoover Investment Management Inc scooped up 100 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 42,646 shares of Johnson & Johnson which is valued at $4,698,736.Johnson & Johnson makes up approximately 0.89% of Macnealy Hoover Investment Management Inc’s portfolio.

Johnson & Johnson closed down -0.01 points or -0.01% at $113.57 with 78,84,452 shares getting traded on Wednesday. Post opening the session at $113.31, the shares hit an intraday low of $112.77 and an intraday high of $113.73 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , M. Kraus Co reduced its stake in JNJ by selling 6,715 shares or 14.93% in the most recent quarter. The Hedge Fund company now holds 38,260 shares of JNJ which is valued at $4,215,487. Johnson & Johnson makes up approx 2.90% of M. Kraus Co’s portfolio.Atalanta Sosnoff Capital boosted its stake in JNJ in the latest quarter, The investment management firm added 174,163 additional shares and now holds a total of 195,951 shares of Johnson & Johnson which is valued at $21,589,881. Johnson & Johnson makes up approx 0.67% of Atalanta Sosnoff Capital’s portfolio.Beese Fulmer Investment Management reduced its stake in JNJ by selling 450 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 94,519 shares of JNJ which is valued at $10,414,103. Johnson & Johnson makes up approx 2.99% of Beese Fulmer Investment Management’s portfolio.Iowa State Bank reduced its stake in JNJ by selling 622 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 46,545 shares of JNJ which is valued at $5,072,009. Johnson & Johnson makes up approx 2.88% of Iowa State Bank’s portfolio.Cardinal Capital Management reduced its stake in JNJ by selling 9,700 shares or 7.95% in the most recent quarter. The Hedge Fund company now holds 112,365 shares of JNJ which is valued at $12,244,414. Johnson & Johnson makes up approx 1.39% of Cardinal Capital Management’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 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 125 from a previous price target of $122 .Company shares were Reiterated by Piper Jaffray on Apr 20, 2016 to “Neutral”, Firm has raised the Price Target to $ 106 from a previous price target of $105 .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 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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