Wagner Bowman Management Corp Lowers stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Wagner Bowman Management Corp reduced its stake in Johnson & Johnson by 0.72% during the most recent quarter end. The investment management company now holds a total of 42,413 shares of Johnson & Johnson which is valued at $4,673,064 after selling 308 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Johnson & Johnson makes up approximately 1.84% of Wagner Bowman Management Corp’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 , Crestpoint Capital Management boosted its stake in JNJ in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 31,800 shares of Johnson & Johnson which is valued at $3,503,724. Johnson & Johnson makes up approx 1.89% of Crestpoint Capital Management’s portfolio.W.g. Shaheen Associates Dba Whitney Co reduced its stake in JNJ by selling 850 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 30,656 shares of JNJ which is valued at $3,377,678. Johnson & Johnson makes up approx 1.44% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.E&g Advisors Lp reduced its stake in JNJ by selling 3,500 shares or 29.59% in the most recent quarter. The Hedge Fund company now holds 8,330 shares of JNJ which is valued at $917,799. Johnson & Johnson makes up approx 0.60% of E&g Advisors Lp’s portfolio.Charter Trust Co reduced its stake in JNJ by selling 1,757 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 198,293 shares of JNJ which is valued at $21,607,988. Johnson & Johnson makes up approx 2.65% of Charter Trust Co’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in JNJ by selling 2,437 shares or 5.71% in the most recent quarter. The Hedge Fund company now holds 40,210 shares of JNJ which is valued at $4,381,684. Johnson & Johnson makes up approx 2.60% of First National Bank Of Mount Dora Trust Investment Services’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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