Motco buys $10,617,515 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Motco scooped up 2,814 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 94,177 shares of Johnson & Johnson which is valued at $10,617,515.Johnson & Johnson makes up approximately 1.26% of Motco’s portfolio.

Other Hedge Funds, Including , Hanseatic Management Services Inc boosted its stake in JNJ in the latest quarter, The investment management firm added 7,174 additional shares and now holds a total of 7,486 shares of Johnson & Johnson which is valued at $843,972. Johnson & Johnson makes up approx 0.31% of Hanseatic Management Services Inc’s portfolio.Bank Of Hawaii reduced its stake in JNJ by selling 14,435 shares or 9.87% in the most recent quarter. The Hedge Fund company now holds 131,818 shares of JNJ which is valued at $14,774,161. Johnson & Johnson makes up approx 1.58% of Bank Of Hawaii’s portfolio.Aull Monroe Investment Management Corp reduced its stake in JNJ by selling 850 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 55,863 shares of JNJ which is valued at $6,330,395. Johnson & Johnson makes up approx 3.73% of Aull Monroe Investment Management Corp’s portfolio.Windward Capital Management Co Ca reduced its stake in JNJ by selling 24,054 shares or 21.76% in the most recent quarter. The Hedge Fund company now holds 86,507 shares of JNJ which is valued at $9,802,973. Johnson & Johnson makes up approx 1.90% of Windward Capital Management Co Ca’s portfolio.Lucas Capital Management boosted its stake in JNJ in the latest quarter, The investment management firm added 267 additional shares and now holds a total of 50,757 shares of Johnson & Johnson which is valued at $5,751,783. Johnson & Johnson makes up approx 3.93% of Lucas Capital Management’s portfolio.

Johnson & Johnson opened for trading at $114 and hit $115 on the upside on Tuesday, eventually ending the session at $114.67, with a gain of 0.84% or 0.95 points. The heightened volatility saw the trading volume jump to 83,56,411 shares. Company has a market cap of $316,416 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. 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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