D’orazio Associates Lowers stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : D’orazio Associates reduced its stake in Johnson & Johnson by 1.42% during the most recent quarter end. The investment management company now holds a total of 6,941 shares of Johnson & Johnson which is valued at $858,255 after selling 100 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Johnson & Johnson makes up approximately 0.31% of D’orazio Associates’s portfolio.

Other Hedge Funds, Including , Coldstream Capital Management Inc reduced its stake in JNJ by selling 1,079 shares or 2.35% in the most recent quarter. The Hedge Fund company now holds 44,757 shares of JNJ which is valued at $5,539,574. Johnson & Johnson makes up approx 0.94% of Coldstream Capital Management Inc’s portfolio.Equity Investment Corpga reduced its stake in JNJ by selling 71,094 shares or 6.99% in the most recent quarter. The Hedge Fund company now holds 945,771 shares of JNJ which is valued at $117,181,027. Johnson & Johnson makes up approx 3.52% of Equity Investment Corpga’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in JNJ by selling 571,463 shares or 9.13% in the most recent quarter. The Hedge Fund company now holds 5,690,097 shares of JNJ which is valued at $705,003,018. Johnson & Johnson makes up approx 2.54% of Aberdeen Asset Management Plcuk’s portfolio.Umb Bank N Amo boosted its stake in JNJ in the latest quarter, The investment management firm added 42,085 additional shares and now holds a total of 300,487 shares of Johnson & Johnson which is valued at $37,491,763. Johnson & Johnson makes up approx 1.54% of Umb Bank N Amo’s portfolio.Saddle Road Partners boosted its stake in JNJ in the latest quarter, The investment management firm added 455 additional shares and now holds a total of 38,333 shares of Johnson & Johnson which is valued at $4,714,959. Johnson & Johnson makes up approx 2.75% of Saddle Road Partners’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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