Renaissance Investment Group buys $2,457,679 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Renaissance Investment Group scooped up 321 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 20,782 shares of Johnson & Johnson which is valued at $2,457,679.Johnson & Johnson makes up approximately 1.20% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Forte Capital Adv reduced its stake in JNJ by selling 120 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 14,330 shares of JNJ which is valued at $1,694,666. Johnson & Johnson makes up approx 0.66% of Forte Capital Adv’s portfolio.Patten Patten Inctn reduced its stake in JNJ by selling 2,016 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 95,863 shares of JNJ which is valued at $11,277,323. Johnson & Johnson makes up approx 1.47% of Patten Patten Inctn’s portfolio.Private Asset Management Inc reduced its stake in JNJ by selling 995 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 147,735 shares of JNJ which is valued at $17,607,057. Johnson & Johnson makes up approx 2.98% of Private Asset Management Inc’s portfolio.Washington Trust Bank boosted its stake in JNJ in the latest quarter, The investment management firm added 336 additional shares and now holds a total of 28,842 shares of Johnson & Johnson which is valued at $3,437,390. Johnson & Johnson makes up approx 0.83% of Washington Trust Bank’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 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.

Leave a Reply

Johnson & Johnson - Is it time to Sell?

Top Brokerage Firms are advising their investors on Johnson & Johnson. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.