Searle buys $3,963,615 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Searle scooped up 570 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 35,974 shares of Johnson & Johnson which is valued at $3,963,615.Johnson & Johnson makes up approximately 3.62% of Searle’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 , Blue Bell Private Wealth Management boosted its stake in JNJ in the latest quarter, The investment management firm added 2,673 additional shares and now holds a total of 7,835 shares of Johnson & Johnson which is valued at $863,260. Johnson & Johnson makes up approx 0.58% of Blue Bell Private Wealth Management’s portfolio.Grassi Investment Management boosted its stake in JNJ in the latest quarter, The investment management firm added 28,414 additional shares and now holds a total of 75,571 shares of Johnson & Johnson which is valued at $8,326,413. Johnson & Johnson makes up approx 1.63% of Grassi Investment Management’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in JNJ in the latest quarter, The investment management firm added 80,067 additional shares and now holds a total of 629,505 shares of Johnson & Johnson which is valued at $69,358,861. Johnson & Johnson makes up approx 1.59% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Rathbone Brothers Plc reduced its stake in JNJ by selling 5,250 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 301,366 shares of JNJ which is valued at $32,839,853. Johnson & Johnson makes up approx 2.01% of Rathbone Brothers Plc’s portfolio.First American Trust Fsb boosted its stake in JNJ in the latest quarter, The investment management firm added 47,958 additional shares and now holds a total of 50,427 shares of Johnson & Johnson which is valued at $5,495,030. Johnson & Johnson makes up approx 1.94% of First American Trust Fsb’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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