Country Club Trust Company N.a. Lowers stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Country Club Trust Company N.a. reduced its stake in Johnson & Johnson by 13.56% during the most recent quarter end. The investment management company now holds a total of 128,763 shares of Johnson & Johnson which is valued at $15,137,378 after selling 20,200 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Johnson & Johnson makes up approximately 2.19% of Country Club Trust Company N.a.’s portfolio.

Other Hedge Funds, Including , Banced Corp reduced its stake in JNJ by selling 472 shares or 6.17% in the most recent quarter. The Hedge Fund company now holds 7,172 shares of JNJ which is valued at $843,714. Johnson & Johnson makes up approx 1.67% of Banced Corp’s portfolio.Carroll Financial Associates boosted its stake in JNJ in the latest quarter, The investment management firm added 1,395 additional shares and now holds a total of 92,127 shares of Johnson & Johnson which is valued at $11,036,815. Johnson & Johnson makes up approx 1.67% of Carroll Financial Associates’s portfolio.Contravisory Investment Management reduced its stake in JNJ by selling 3,730 shares or 4.89% in the most recent quarter. The Hedge Fund company now holds 72,615 shares of JNJ which is valued at $8,699,277. Johnson & Johnson makes up approx 2.85% of Contravisory Investment Management’s portfolio.Eqis Capital Management boosted its stake in JNJ in the latest quarter, The investment management firm added 1,973 additional shares and now holds a total of 26,670 shares of Johnson & Johnson which is valued at $3,178,531. Johnson & Johnson makes up approx 0.20% of Eqis Capital Management’s portfolio.

Johnson & Johnson closed down -0.7 points or -0.59% at $117.56 with 56,40,519 shares getting traded on Friday. Post opening the session at $118.5, the shares hit an intraday low of $117.56 and an intraday high of $118.8 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 $1.74 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 .

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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