Johnson & Johnson (JNJ) : Fruth Investment Management reduced its stake in Johnson & Johnson by 0.51% during the most recent quarter end. The investment management company now holds a total of 35,264 shares of Johnson & Johnson which is valued at $4,337,472 after selling 180 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Johnson & Johnson makes up approximately 2.04% of Fruth Investment Management’s portfolio.
Other Hedge Funds, Including , Grassi Investment Management boosted its stake in JNJ in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 75,678 shares of Johnson & Johnson which is valued at $9,308,394. Johnson & Johnson makes up approx 1.72% of Grassi Investment Management’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in JNJ in the latest quarter, The investment management firm added 6,635 additional shares and now holds a total of 64,426 shares of Johnson & Johnson which is valued at $7,924,398. Johnson & Johnson makes up approx 1.46% of Franklin Street Advisors Inc Nc’s portfolio.Firstmerit Bank N A Trustee reduced its stake in JNJ by selling 409 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 209,859 shares of JNJ which is valued at $25,812,657. Johnson & Johnson makes up approx 2.04% of Firstmerit Bank N A Trustee’s portfolio.Chicago Trust Co Na boosted its stake in JNJ in the latest quarter, The investment management firm added 469 additional shares and now holds a total of 29,916 shares of Johnson & Johnson which is valued at $3,675,181. Johnson & Johnson makes up approx 1.55% of Chicago Trust Co Na’s portfolio.
Johnson & Johnson closed down -0.18 points or -0.15% at $123 with 71,92,765 shares getting traded on Friday. Post opening the session at $123.77, the shares hit an intraday low of $122.71 and an intraday high of $124.3 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. 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 Companys 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 Companys 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.