Gofen Glossberg Il buys $63,032,435 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Gofen Glossberg Il scooped up 10,831 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 572,086 shares of Johnson & Johnson which is valued at $63,032,435.Johnson & Johnson makes up approximately 2.65% of Gofen Glossberg Il’s portfolio.

Johnson & Johnson opened for trading at $110.07 and hit $110.4 on the upside on Friday, eventually ending the session at $110.18, with a gain of 0.31% or 0.34 points. The heightened volatility saw the trading volume jump to 1,00,57,921 shares. Company has a market cap of $304,026 M.

Other Hedge Funds, Including , Bkd Wealth Advisors boosted its stake in JNJ in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 32,958 shares of Johnson & Johnson which is valued at $3,631,312. Johnson & Johnson makes up approx 0.57% of Bkd Wealth Advisors’s portfolio.Stillwater Capital Advisors reduced its stake in JNJ by selling 799 shares or 14.21% in the most recent quarter. The Hedge Fund company now holds 4,822 shares of JNJ which is valued at $531,288. Johnson & Johnson makes up approx 0.15% of Stillwater Capital Advisors’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.Proficio Capital Partners boosted its stake in JNJ in the latest quarter, The investment management firm added 6,199 additional shares and now holds a total of 6,650 shares of Johnson & Johnson which is valued at $724,651. Johnson & Johnson makes up approx 0.61% of Proficio Capital Partners’s portfolio.West Oak Capital reduced its stake in JNJ by selling 170 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 21,360 shares of JNJ which is valued at $2,327,599. Johnson & Johnson makes up approx 1.81% of West Oak Capital’s portfolio.

On the company’s financial health, Johnson & Johnson reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $1.42. The company had revenue of $17811.00 million for the quarter, compared to analysts expectations of $17856.07 million. The company’s revenue was down -2.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.27 EPS.

Many Wall Street Analysts have commented on Johnson & Johnson. 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 was Upgraded by Goldman to ” Neutral” on Mar 14, 2016.

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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