Dearborn Partners buys $32,335,975 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Dearborn Partners scooped up 7,334 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 285,351 shares of Johnson & Johnson which is valued at $32,335,975.Johnson & Johnson makes up approximately 2.99% of Dearborn Partners’s portfolio.

Johnson & Johnson closed down -0.25 points or -0.22% at $113.32 with 75,08,690 shares getting traded on Friday. Post opening the session at $113.43, the shares hit an intraday low of $112.828 and an intraday high of $113.7531 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Dividend Asset Capital reduced its stake in JNJ by selling 391 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 23,655 shares of JNJ which is valued at $2,680,585. Johnson & Johnson makes up approx 0.07% of Dividend Asset Capital’s portfolio.Cwm reduced its stake in JNJ by selling 2,522 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 75,123 shares of JNJ which is valued at $8,512,938. Johnson & Johnson makes up approx 0.73% of Cwm’s portfolio.Van Cleef Asset Managementinc boosted its stake in JNJ in the latest quarter, The investment management firm added 965 additional shares and now holds a total of 77,887 shares of Johnson & Johnson which is valued at $8,826,155. Johnson & Johnson makes up approx 3.09% of Van Cleef Asset Managementinc’s portfolio.Independent Portfolio Consultants boosted its stake in JNJ in the latest quarter, The investment management firm added 2,377 additional shares and now holds a total of 3,076 shares of Johnson & Johnson which is valued at $338,914. Johnson & Johnson makes up approx 0.09% of Independent Portfolio Consultants’s portfolio.Kistler-tiffany Companies boosted its stake in JNJ in the latest quarter, The investment management firm added 1,932 additional shares and now holds a total of 42,013 shares of Johnson & Johnson which is valued at $4,578,157. Johnson & Johnson makes up approx 2.57% of Kistler-tiffany Companies’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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