Vestor Capital buys $12,480,736 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Vestor Capital scooped up 954 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 100,936 shares of Johnson & Johnson which is valued at $12,480,736.Johnson & Johnson makes up approximately 3.41% of Vestor Capital’s portfolio.

Other Hedge Funds, Including , American Economic Planning Group Inc Adv reduced its stake in JNJ by selling 1,567 shares or 6.22% in the most recent quarter. The Hedge Fund company now holds 23,635 shares of JNJ which is valued at $2,922,468. Johnson & Johnson makes up approx 1.14% of American Economic Planning Group Inc Adv’s portfolio.Ropes Wealth Advisors boosted its stake in JNJ in the latest quarter, The investment management firm added 27,953 additional shares and now holds a total of 83,929 shares of Johnson & Johnson which is valued at $10,387,892. Johnson & Johnson makes up approx 3.53% of Ropes Wealth Advisors’s portfolio.Guinness Asset Management Ltd boosted its stake in JNJ in the latest quarter, The investment management firm added 8,540 additional shares and now holds a total of 48,800 shares of Johnson & Johnson which is valued at $6,088,776. Johnson & Johnson makes up approx 1.67% of Guinness Asset Management Ltd’s portfolio.Westwood Management Corp Il boosted its stake in JNJ in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 105,550 shares of Johnson & Johnson which is valued at $13,196,917. Johnson & Johnson makes up approx 2.38% of Westwood Management Corp Il’s portfolio.First Manhattan Co reduced its stake in JNJ by selling 51,391 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 2,654,177 shares of JNJ which is valued at $326,835,356. Johnson & Johnson makes up approx 1.96% of First Manhattan Co’s portfolio.

Johnson & Johnson opened for trading at $120.5 and hit $121.33 on the upside on Wednesday, eventually ending the session at $121.31, with a gain of 0.81% or 0.98 points. The heightened volatility saw the trading volume jump to 1,04,42,818 shares. Company has a market cap of $331,889 M.

On the company’s financial health, Johnson & Johnson reported $1.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.68. The company had revenue of $18482.00 million for the quarter, compared to analysts expectations of $17985.80 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Johnson & Johnson. Company shares were Reiterated by UBS on Jul 20, 2016 to “Buy”, Firm has raised the Price Target to $ 137 from a previous price target of $126 .Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 133 from a previous price target of $125 .Standpoint Research Initiated Johnson & Johnson on May 20, 2016 to “Sell”, Price Target of the shares are set at $94.

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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