Johnson & Johnson (JNJ) : Arizona State Retirement System scooped up 5,300 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,111,214 shares of Johnson & Johnson which is valued at $136,923,789.Johnson & Johnson makes up approximately 1.68% of Arizona State Retirement System’s portfolio.
Other Hedge Funds, Including , Peoples Bank National Association boosted its stake in JNJ in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 9,481 shares of Johnson & Johnson which is valued at $1,168,249. Johnson & Johnson makes up approx 0.71% of Peoples Bank National Association’s portfolio.Jarislowsky Fraser Ltd reduced its stake in JNJ by selling 66,150 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 1,738,858 shares of JNJ which is valued at $214,262,083. Johnson & Johnson makes up approx 1.51% of Jarislowsky Fraser Ltd’s portfolio.New York State Common Retirement Fund boosted its stake in JNJ in the latest quarter, The investment management firm added 206,546 additional shares and now holds a total of 8,215,148 shares of Johnson & Johnson which is valued at $1,012,270,537. Johnson & Johnson makes up approx 1.42% of New York State Common Retirement Fund’s portfolio.Callahan Advisors reduced its stake in JNJ by selling 262 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 93,322 shares of JNJ which is valued at $11,643,786. Johnson & Johnson makes up approx 3.00% of Callahan Advisors’s portfolio.Wendell David Associates Inc reduced its stake in JNJ by selling 18,450 shares or 13.4% in the most recent quarter. The Hedge Fund company now holds 119,233 shares of JNJ which is valued at $14,920,818. Johnson & Johnson makes up approx 2.85% of Wendell David Associates Inc’s portfolio.
Johnson & Johnson closed down -0.26 points or -0.22% at $119.08 with 45,51,792 shares getting traded on Thursday. Post opening the session at $119.19, the shares hit an intraday low of $118.6 and an intraday high of $119.39 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 .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 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.