Nepsis Capital Management Lowers stake in JOHNSON & JOHNSON COM (JNJ)

JOHNSON & JOHNSON COM (JNJ) : Nepsis Capital Management reduced its stake in JOHNSON & JOHNSON COM by 21.26% during the most recent quarter end. The investment management company now holds a total of 79,778 shares of JOHNSON & JOHNSON COM which is valued at $9,040,443 after selling 21,534 shares in JOHNSON & JOHNSON COM , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.JOHNSON & JOHNSON COM makes up approximately 4.73% of Nepsis Capital Management’s portfolio.

JOHNSON & JOHNSON COM closed down -0.14 points or -0.12% at $112.77 with 57,59,301 shares getting traded on Wednesday. Post opening the session at $112.96, the shares hit an intraday low of $112.46 and an intraday high of $113.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Appleton Partners Incma reduced its stake in JNJ by selling 583 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 76,899 shares of JNJ which is valued at $8,714,195. JOHNSON & JOHNSON COM makes up approx 1.70% of Appleton Partners Incma’s portfolio.Murphy Capital Management Inc reduced its stake in JNJ by selling 1,826 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 108,575 shares of JNJ which is valued at $12,303,719. JOHNSON & JOHNSON COM makes up approx 1.89% of Murphy Capital Management Inc’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in JNJ by selling 70 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 10,122 shares of JNJ which is valued at $1,115,242. JOHNSON & JOHNSON COM makes up approx 0.15% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Bremer Trust National Association boosted its stake in JNJ in the latest quarter, The investment management firm added 433 additional shares and now holds a total of 20,973 shares of JOHNSON & JOHNSON COM which is valued at $2,310,805. JOHNSON & JOHNSON COM makes up approx 0.66% of Bremer Trust National Association’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 COM which is valued at $724,651. JOHNSON & JOHNSON COM makes up approx 0.61% of Proficio Capital Partners’s portfolio.

On the company’s financial health, JOHNSON & JOHNSON COM 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 COM. 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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