Culbertson A N Co Inc Lowers stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Culbertson A N Co Inc reduced its stake in Johnson & Johnson by 1.1% during the most recent quarter end. The investment management company now holds a total of 70,722 shares of Johnson & Johnson which is valued at $8,698,806 after selling 784 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Johnson & Johnson makes up approximately 3.14% of Culbertson A N Co Inc’s portfolio.

Other Hedge Funds, Including , First Hawaiian Bank reduced its stake in JNJ by selling 824 shares or 9.92% in the most recent quarter. The Hedge Fund company now holds 7,484 shares of JNJ which is valued at $920,532. Johnson & Johnson makes up approx 0.16% of First Hawaiian Bank’s portfolio.Mutual Of Omaha Bank Wealth Management reduced its stake in JNJ by selling 6,210 shares or 16.4% in the most recent quarter. The Hedge Fund company now holds 31,657 shares of JNJ which is valued at $3,893,811. Johnson & Johnson makes up approx 1.27% of Mutual Of Omaha Bank Wealth Management’s portfolio.Cornerstone Investment Partners reduced its stake in JNJ by selling 80,036 shares or 5.84% in the most recent quarter. The Hedge Fund company now holds 1,290,593 shares of JNJ which is valued at $158,742,939. Johnson & Johnson makes up approx 5.34% of Cornerstone Investment Partners’s portfolio.Mitchell Sinkler Starrpa reduced its stake in JNJ by selling 555 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 28,392 shares of JNJ which is valued at $3,492,216. Johnson & Johnson makes up approx 4.67% of Mitchell Sinkler Starrpa’s portfolio.Firstmerit Bank N A Trustee reduced its stake in JNJ by selling 409 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 209,859 shares of JNJ which is valued at $25,812,657. Johnson & Johnson makes up approx 2.04% of Firstmerit Bank N A Trustee’s portfolio.

Johnson & Johnson opened for trading at $123 and hit $123.22 on the upside on Monday, eventually ending the session at $123.14, with a gain of 0.11% or 0.14 points. The heightened volatility saw the trading volume jump to 65,99,199 shares. Company has a market cap of $338,714 M.

On the company’s financial health, Johnson & Johnson reported $1.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.68. The company had revenue of $18482.00 million for the quarter, compared to analysts expectations of $17985.80 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Johnson & Johnson. Standpoint Research Initiated Johnson & Johnson on May 20, 2016 to “Sell”, Price Target of the shares are set at $94.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 .

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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