Eaton Vance Management buys $750.3 Million stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Eaton Vance Management scooped up 10,847 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 6,606,717 shares of Johnson & Johnson which is valued at $750.3 Million.Johnson & Johnson makes up approximately 2.32% of Eaton Vance Management’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in JNJ by selling 362,449 shares or 53.16% in the most recent quarter. The Hedge Fund company now holds 319,373 shares of JNJ which is valued at $36.3 Million. Johnson & Johnson makes up approx 0.29% of Sg Americas Securities’s portfolio.Ipg Investment Advisors reduced its stake in JNJ by selling 900 shares or 20.91% in the most recent quarter. The Hedge Fund company now holds 3,405 shares of JNJ which is valued at $386,672. Johnson & Johnson makes up approx 0.18% of Ipg Investment Advisors’s portfolio.Payden Rygel boosted its stake in JNJ in the latest quarter, The investment management firm added 45,516 additional shares and now holds a total of 147,100 shares of Johnson & Johnson which is valued at $16.6 Million. Johnson & Johnson makes up approx 2.02% of Payden Rygel’s portfolio.Proshare Advisors reduced its stake in JNJ by selling 106,801 shares or 12.37% in the most recent quarter. The Hedge Fund company now holds 756,897 shares of JNJ which is valued at $85.3 Million. Johnson & Johnson makes up approx 1.18% of Proshare Advisors’s portfolio.Pointe Capital Management reduced its stake in JNJ by selling 150 shares or 6.92% in the most recent quarter. The Hedge Fund company now holds 2,018 shares of JNJ which is valued at $226,177. Johnson & Johnson makes up approx 0.17% of Pointe Capital Management’s portfolio.

Johnson & Johnson opened for trading at $112.2 and hit $112.92 on the upside on Friday, eventually ending the session at $112.64, with a gain of 0.53% or 0.59 points. The heightened volatility saw the trading volume jump to 74,35,203 shares. Company has a market cap of $309,833 M.

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. Standpoint Research Initiated Johnson & Johnson on May 20, 2016 to “Sell”, Price Target of the shares are set at $94.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 .

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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