Johnson & Johnson (JNJ) : National Pension Service scooped up 131,498 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,627,070 shares of Johnson & Johnson which is valued at $191,278,349.Johnson & Johnson makes up approximately 1.56% of National Pension Service’s portfolio.
Other Hedge Funds, Including , Country Club Trust Company N.a. reduced its stake in JNJ by selling 20,200 shares or 13.56% in the most recent quarter. The Hedge Fund company now holds 128,763 shares of JNJ which is valued at $15,137,378. Johnson & Johnson makes up approx 2.19% of Country Club Trust Company N.a.’s portfolio.Nepsis Capital Management reduced its stake in JNJ by selling 5,442 shares or 7.86% in the most recent quarter. The Hedge Fund company now holds 63,824 shares of JNJ which is valued at $7,646,115. Johnson & Johnson makes up approx 4.09% of Nepsis Capital Management’s portfolio.Pacwest Financial Management Inc reduced its stake in JNJ by selling 1,869 shares or 6.99% in the most recent quarter. The Hedge Fund company now holds 24,877 shares of JNJ which is valued at $2,980,265. Johnson & Johnson makes up approx 1.83% of Pacwest Financial Management Inc’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.
Johnson & Johnson closed down -0.7 points or -0.59% at $117.56 with 56,40,519 shares getting traded on Friday. Post opening the session at $118.5, the shares hit an intraday low of $117.56 and an intraday high of $118.8 and the price fluctuated in this range throughout the day.Shares ended Friday 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 .
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.