Russell Investments Group Ltd. Has $376.17 Million Stock Holdings in Johnson & Johnson $JNJ
by Doug Wharley · The Cerbat GemRussell Investments Group Ltd. lowered its stake in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,463,395 shares of the company’s stock after selling 140,579 shares during the period. Johnson & Johnson comprises about 0.5% of Russell Investments Group Ltd.’s investment portfolio, making the stock its 21st biggest holding. Russell Investments Group Ltd. owned 0.10% of Johnson & Johnson worth $376,173,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of JNJ. W.H. Cornerstone Investments Inc. raised its stake in shares of Johnson & Johnson by 0.7% during the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 7,896 shares of the company’s stock worth $1,206,000 after purchasing an additional 58 shares in the last quarter. YANKCOM Partnership boosted its holdings in shares of Johnson & Johnson by 0.8% during the 2nd quarter. YANKCOM Partnership now owns 7,042 shares of the company’s stock worth $1,076,000 after buying an additional 58 shares during the period. Greenup Street Wealth Management LLC grew its stake in Johnson & Johnson by 3.1% in the 2nd quarter. Greenup Street Wealth Management LLC now owns 2,021 shares of the company’s stock valued at $309,000 after buying an additional 60 shares during the last quarter. Ellis Investment Partners LLC lifted its position in Johnson & Johnson by 0.7% during the 2nd quarter. Ellis Investment Partners LLC now owns 8,559 shares of the company’s stock worth $1,307,000 after acquiring an additional 62 shares during the last quarter. Finally, Cypress Wealth Services LLC increased its stake in shares of Johnson & Johnson by 0.9% in the second quarter. Cypress Wealth Services LLC now owns 6,634 shares of the company’s stock worth $1,013,000 after purchasing an additional 62 shares during the period. 69.55% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Johnson & Johnson
In other news, EVP Jennifer L. Taubert sold 56,471 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $177.81, for a total value of $10,041,108.51. Following the sale, the executive vice president directly owned 178,013 shares in the company, valued at approximately $31,652,491.53. This trade represents a 24.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.
Johnson & Johnson Stock Up 0.3%
Johnson & Johnson stock opened at $206.66 on Wednesday. The stock has a market cap of $497.91 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.19 and a beta of 0.38. The company’s 50-day moving average price is $189.43 and its two-hundred day moving average price is $172.50. The company has a quick ratio of 0.80, a current ratio of 1.07 and a debt-to-equity ratio of 0.50. Johnson & Johnson has a twelve month low of $140.68 and a twelve month high of $207.72.
Johnson & Johnson (NYSE:JNJ – Get Free Report) last released its earnings results on Wednesday, August 30th. The company reported $2.26 earnings per share (EPS) for the quarter. Johnson & Johnson had a return on equity of 32.73% and a net margin of 27.26%.The company had revenue of $24.02 billion for the quarter. As a group, analysts expect that Johnson & Johnson will post 10.58 EPS for the current year.
Johnson & Johnson Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $5.20 annualized dividend and a yield of 2.5%. Johnson & Johnson’s payout ratio is presently 50.19%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Cowen reaffirmed a “buy” rating on shares of Johnson & Johnson in a report on Tuesday, October 14th. Bank of America raised their price objective on shares of Johnson & Johnson from $198.00 to $204.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. UBS Group upped their target price on shares of Johnson & Johnson from $190.00 to $214.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Daiwa Capital Markets raised shares of Johnson & Johnson from a “neutral” rating to an “outperform” rating and set a $203.00 price target for the company in a research note on Monday, October 20th. Finally, HSBC increased their target price on Johnson & Johnson from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Johnson & Johnson has a consensus rating of “Moderate Buy” and an average price target of $201.05.
Get Our Latest Analysis on Johnson & Johnson
About Johnson & Johnson
Johnson & Johnson is a holding company, which engages in the research, development, manufacture, and sale of products in the healthcare field. It operates through the Innovative Medicine and MedTech segments. The Innovative Medicine segment focuses on immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension.
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