Johnson & Johnson (JNJ) : Nepsis Capital Management reduced its stake in Johnson & Johnson by 7.86% during the most recent quarter end. The investment management company now holds a total of 63,824 shares of Johnson & Johnson which is valued at $7,646,115 after selling 5,442 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Johnson & Johnson makes up approximately 4.09% of Nepsis Capital Management’s portfolio.
Other Hedge Funds, Including , Addison Capital Co reduced its stake in JNJ by selling 270 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 47,154 shares of JNJ which is valued at $5,649,049. Johnson & Johnson makes up approx 4.96% of Addison Capital Co’s portfolio.Academy Capital Management Inctx reduced its stake in JNJ by selling 209 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 104,365 shares of JNJ which is valued at $12,444,483. Johnson & Johnson makes up approx 3.33% of Academy Capital Management Inctx’s portfolio.Telemus Capital reduced its stake in JNJ by selling 425 shares or 1.22% in the most recent quarter. The Hedge Fund company now holds 34,332 shares of JNJ which is valued at $4,091,688. Johnson & Johnson makes up approx 0.46% of Telemus Capital’s portfolio.Independent Portfolio Consultants reduced its stake in JNJ by selling 1,365 shares or 50.71% in the most recent quarter. The Hedge Fund company now holds 1,327 shares of JNJ which is valued at $158,152. Johnson & Johnson makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.
Johnson & Johnson closed down -2.16 points or -1.80% at $117.64 with 63,94,159 shares getting traded on Tuesday. Post opening the session at $119.41, the shares hit an intraday low of $117.06 and an intraday high of $119.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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.