Aviance Capital Management buys $18,548,183 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Aviance Capital Management scooped up 38,439 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 148,659 shares of Johnson & Johnson which is valued at $18,548,183.Johnson & Johnson makes up approximately 0.55% of Aviance Capital Management’s portfolio.

Other Hedge Funds, Including , Academy Capital Management Inctx reduced its stake in JNJ by selling 7,876 shares or 7.0% in the most recent quarter. The Hedge Fund company now holds 104,574 shares of JNJ which is valued at $13,074,887. Johnson & Johnson makes up approx 3.37% of Academy Capital Management Inctx’s portfolio.Martin Investment Management reduced its stake in JNJ by selling 23,747 shares or 12.76% in the most recent quarter. The Hedge Fund company now holds 162,420 shares of JNJ which is valued at $20,307,373. Johnson & Johnson makes up approx 3.28% of Martin Investment Management’s portfolio.Garland Capital Management Inc reduced its stake in JNJ by selling 890 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 49,350 shares of JNJ which is valued at $6,175,659. Johnson & Johnson makes up approx 4.76% of Garland Capital Management Inc’s portfolio.M. Kraus Co reduced its stake in JNJ by selling 235 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 44,530 shares of JNJ which is valued at $5,470,511. Johnson & Johnson makes up approx 3.20% of M. Kraus Co’s portfolio.

Johnson & Johnson opened for trading at $124.34 and hit $125.32 on the upside on Friday, eventually ending the session at $125.23, with a gain of 0.62% or 0.77 points. The heightened volatility saw the trading volume jump to 70,20,910 shares. Company has a market cap of $344,463 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.

Investors should note that on Jul 20, 2016, Johnson & Johnson announced a cash dividend of $0.2900. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 19, 2016.

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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