Nexus Investment Management buys $1,124,638 stake in Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) : Nexus Investment Management scooped up 460 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 9,560 shares of Johnson & Johnson which is valued at $1,124,638.Johnson & Johnson makes up approximately 0.21% of Nexus Investment Management’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in JNJ in the latest quarter, The investment management firm added 10,739 additional shares and now holds a total of 91,107 shares of Johnson & Johnson which is valued at $10,717,827. Johnson & Johnson makes up approx 0.31% of Capstone Asset Management Co’s portfolio.Stillwater Capital Advisors reduced its stake in JNJ by selling 50 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 4,824 shares of JNJ which is valued at $577,915. Johnson & Johnson makes up approx 0.17% of Stillwater Capital Advisors’s portfolio.Nadler Financial Group boosted its stake in JNJ in the latest quarter, The investment management firm added 187 additional shares and now holds a total of 8,595 shares of Johnson & Johnson which is valued at $1,024,868. Johnson & Johnson makes up approx 0.41% of Nadler Financial Group’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.Bath Savings Trust Co reduced its stake in JNJ by selling 97 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 20,525 shares of JNJ which is valued at $2,446,170. Johnson & Johnson makes up approx 0.77% of Bath Savings Trust Co’s portfolio.

Johnson & Johnson closed down -2.16 points or -1.80% at $117.64 with 63,94,159 shares getting traded on Tuesday. Post opening the session at $119.41, the shares hit an intraday low of $117.06 and an intraday high of $119.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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 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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