Manchester Capital Management Lowers stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Manchester Capital Management reduced its stake in Johnson & Johnson by 5.12% during the most recent quarter end. The investment management company now holds a total of 29,567 shares of Johnson & Johnson which is valued at $3,696,762 after selling 1,597 shares in Johnson & Johnson , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Johnson & Johnson makes up approximately 0.51% of Manchester Capital Management’s portfolio.

Other Hedge Funds, Including , Palo Capital boosted its stake in JNJ in the latest quarter, The investment management firm added 14,012 additional shares and now holds a total of 45,516 shares of Johnson & Johnson which is valued at $5,690,865. Johnson & Johnson makes up approx 1.89% of Palo Capital’s portfolio.Graybill Bartz Assoc Ltd reduced its stake in JNJ by selling 530 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 24,941 shares of JNJ which is valued at $3,121,117. Johnson & Johnson makes up approx 2.76% of Graybill Bartz Assoc Ltd’s portfolio.Iab Financial Bank reduced its stake in JNJ by selling 8 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 8,992 shares of JNJ which is valued at $1,125,259. Johnson & Johnson makes up approx 0.69% of Iab Financial Bank’s portfolio. Maple Securities Usa Inc sold out all of its stake in JNJ during the most recent quarter. The investment firm sold 37,104 shares of JNJ which is valued $4,563,792.Watch Point Trust Co reduced its stake in JNJ by selling 671 shares or 3.72% in the most recent quarter. The Hedge Fund company now holds 17,385 shares of JNJ which is valued at $2,135,747. Johnson & Johnson makes up approx 1.83% of Watch Point Trust Co’s portfolio.

Johnson & Johnson closed down -0.11 points or -0.09% at $125.14 with 73,34,633 shares getting traded on Wednesday. Post opening the session at $125.84, the shares hit an intraday low of $125.04 and an intraday high of $126.07 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

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.