First National Trust Co buys $12,863,963 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : First National Trust Co scooped up 1,202 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 113,279 shares of Johnson & Johnson which is valued at $12,863,963.Johnson & Johnson makes up approximately 1.99% of First National Trust Co’s portfolio.

Other Hedge Funds, Including , Congress Asset Management Co reduced its stake in JNJ by selling 2,445 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 79,647 shares of JNJ which is valued at $9,044,713. Johnson & Johnson makes up approx 0.22% of Congress Asset Management Co’s portfolio.Foster Dykema Cabot Co Incma reduced its stake in JNJ by selling 10 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 19,270 shares of JNJ which is valued at $2,172,500. Johnson & Johnson makes up approx 0.52% of Foster Dykema Cabot Co Incma’s portfolio.Caz Investments Lp reduced its stake in JNJ by selling 710 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 16,120 shares of JNJ which is valued at $1,817,369. Johnson & Johnson makes up approx 4.95% of Caz Investments Lp’s portfolio.Retirement Systems Of Alabama reduced its stake in JNJ by selling 188,829 shares or 10.39% in the most recent quarter. The Hedge Fund company now holds 1,628,779 shares of JNJ which is valued at $182,553,550. Johnson & Johnson makes up approx 1.08% of Retirement Systems Of Alabama’s portfolio.Northpointe Capital boosted its stake in JNJ in the latest quarter, The investment management firm added 55,368 additional shares and now holds a total of 107,008 shares of Johnson & Johnson which is valued at $11,993,457. Johnson & Johnson makes up approx 1.46% of Northpointe Capital’s portfolio.

Johnson & Johnson closed down -0.67 points or -0.59% at $113.56 with 67,79,907 shares getting traded on Friday. Post opening the session at $113.9, the shares hit an intraday low of $113.36 and an intraday high of $114.09 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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