Arvest Bank Trust Division Lowers stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Arvest Bank Trust Division reduced its stake in Johnson & Johnson by 0.31% during the most recent quarter end. The investment management company now holds a total of 174,251 shares of Johnson & Johnson which is valued at $20,777,689 after selling 541 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Johnson & Johnson makes up approximately 1.75% of Arvest Bank Trust Division’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in JNJ by selling 5,835 shares or 19.33% in the most recent quarter. The Hedge Fund company now holds 24,345 shares of JNJ which is valued at $2,902,898. Johnson & Johnson makes up approx 0.39% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in JNJ by selling 76,004 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 964,326 shares of JNJ which is valued at $114,928,373. Johnson & Johnson makes up approx 0.47% of Bnp Paribas Arbitrage Sa’s portfolio.Lenox Wealth Advisors reduced its stake in JNJ by selling 48 shares or 5.29% in the most recent quarter. The Hedge Fund company now holds 859 shares of JNJ which is valued at $102,376. Johnson & Johnson makes up approx 0.03% of Lenox Wealth Advisors’s portfolio.Lynch Associatesin reduced its stake in JNJ by selling 1,994 shares or 2.15% in the most recent quarter. The Hedge Fund company now holds 90,722 shares of JNJ which is valued at $10,812,248. Johnson & Johnson makes up approx 4.78% of Lynch Associatesin’s portfolio.Lvm Capital Management Ltdmi reduced its stake in JNJ by selling 20,467 shares or 17.72% in the most recent quarter. The Hedge Fund company now holds 95,066 shares of JNJ which is valued at $11,329,966. Johnson & Johnson makes up approx 3.58% of Lvm Capital Management Ltdmi’s portfolio.

Johnson & Johnson opened for trading at $119.17 and hit $119.565 on the upside on Friday, eventually ending the session at $119.24, with a gain of 0.41% or 0.49 points. The heightened volatility saw the trading volume jump to 47,99,292 shares. Company has a market cap of $326,226 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 .

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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