Zweig Advisers adds Johnson & Johnson (JNJ) to its portfolio

Johnson & Johnson (JNJ) : Zweig Advisers added new position in Johnson & Johnson during the most recent quarter end. The investment management firm now holds 97,000 shares of Johnson & Johnson which is valued at $11,952,340 , the company said in a statement filed on Aug 15, 2016 with the SEC.Johnson & Johnson makes up approximately 1.90% of Zweig Advisers’s portfolio.

Other Hedge Funds, Including , Violich Capital Management reduced its stake in JNJ by selling 1,150 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 114,153 shares of JNJ which is valued at $14,065,933. Johnson & Johnson makes up approx 4.29% of Violich Capital Management’s portfolio.Girard Partners Ltd. boosted its stake in JNJ in the latest quarter, The investment management firm added 2,327 additional shares and now holds a total of 48,573 shares of Johnson & Johnson which is valued at $5,985,165. Johnson & Johnson makes up approx 2.20% of Girard Partners Ltd.’s portfolio.Ajo Lp reduced its stake in JNJ by selling 520,747 shares or 7.6% in the most recent quarter. The Hedge Fund company now holds 6,326,754 shares of JNJ which is valued at $782,303,132. Johnson & Johnson makes up approx 3.34% of Ajo Lp’s portfolio.Boston Partners boosted its stake in JNJ in the latest quarter, The investment management firm added 1,102,850 additional shares and now holds a total of 14,375,231 shares of Johnson & Johnson which is valued at $1,785,978,699. Johnson & Johnson makes up approx 2.45% of Boston Partners’s portfolio.Kwmg boosted its stake in JNJ in the latest quarter, The investment management firm added 363 additional shares and now holds a total of 16,270 shares of Johnson & Johnson which is valued at $2,034,238. Johnson & Johnson makes up approx 1.07% of Kwmg’s portfolio.

Johnson & Johnson closed down -0.14 points or -0.12% at $119.61 with 4,753,760 shares getting traded on Wednesday. Post opening the session at $119.84, the shares hit an intraday low of $119.435 and an intraday high of $119.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 137 from a previous price target of $126 .Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 133 from a previous price target of $125 .Standpoint Research Initiated Johnson & Johnson on May 20, 2016 to “Sell”, Price Target of the shares are set at $94.

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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