Johnson & Johnson (JNJ) : Regentatlantic Capital scooped up 1,744 additional shares in Johnson & Johnson during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 170,931 shares of Johnson & Johnson which is valued at $21,390,305.Johnson & Johnson makes up approximately 2.01% of Regentatlantic Capital’s portfolio.
Other Hedge Funds, Including , Carlton Hofferkamp Jenks Wealth Management reduced its stake in JNJ by selling 969 shares or 4.9% in the most recent quarter. The Hedge Fund company now holds 18,809 shares of JNJ which is valued at $2,353,758. Johnson & Johnson makes up approx 1.81% of Carlton Hofferkamp Jenks Wealth Management’s portfolio.Sumitomo Life Insurance Co reduced its stake in JNJ by selling 3,586 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 101,892 shares of JNJ which is valued at $12,546,981. Johnson & Johnson makes up approx 1.67% of Sumitomo Life Insurance Co’s portfolio.Windward Capital Management Co Ca reduced its stake in JNJ by selling 380 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 86,127 shares of JNJ which is valued at $10,605,679. Johnson & Johnson makes up approx 1.99% of Windward Capital Management Co Ca’s portfolio.Windsor Financial Group reduced its stake in JNJ by selling 4,111 shares or 7.63% in the most recent quarter. The Hedge Fund company now holds 49,785 shares of JNJ which is valued at $6,130,525. Johnson & Johnson makes up approx 2.74% of Windsor Financial Group’s portfolio.Svenska Handelsbanken Ab (publ) reduced its stake in JNJ by selling 34,399 shares or 78.54% in the most recent quarter. The Hedge Fund company now holds 9,401 shares of JNJ which is valued at $1,156,323. Johnson & Johnson makes up approx 0.07% of Svenska Handelsbanken Ab (publ)’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 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.