Btr Capital Management Inc Lowers stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Btr Capital Management Inc reduced its stake in Johnson & Johnson by 14.95% during the most recent quarter end. The investment management company now holds a total of 101,571 shares of Johnson & Johnson which is valued at $11,191,093 after selling 17,853 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Johnson & Johnson makes up approximately 2.57% of Btr Capital 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 , Carlton Hofferkamp Jenks Wealth Management boosted its stake in JNJ in the latest quarter, The investment management firm added 152 additional shares and now holds a total of 19,778 shares of Johnson & Johnson which is valued at $2,179,140. Johnson & Johnson makes up approx 1.76% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in JNJ in the latest quarter, The investment management firm added 5,062 additional shares and now holds a total of 29,603 shares of Johnson & Johnson which is valued at $3,261,659. Johnson & Johnson makes up approx 3.09% of Gierl Augustine Investment Management Inc’s portfolio.Jaffetilchin Investment Partners boosted its stake in JNJ in the latest quarter, The investment management firm added 728 additional shares and now holds a total of 3,570 shares of Johnson & Johnson which is valued at $393,343. Johnson & Johnson makes up approx 0.12% of Jaffetilchin Investment Partners’s portfolio. Santa Fe Partners added JNJ to its portfolio by purchasing 15,270 company shares during the most recent quarter which is valued at $1,682,449. Johnson & Johnson makes up approx 0.27% of Santa Fe Partners’s portfolio.Capstone Asset Management Co boosted its stake in JNJ in the latest quarter, The investment management firm added 1,921 additional shares and now holds a total of 78,247 shares of Johnson & Johnson which is valued at $8,621,254. Johnson & Johnson makes up approx 0.25% of Capstone Asset Management 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 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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