Johnson & Johnson (NYSE:JNJ) Stock Price Down 1.5% – Should You Sell?
by Kim Johansen · The Markets DailyJohnson & Johnson (NYSE:JNJ – Get Free Report)’s share price traded down 1.5% during mid-day trading on Monday . The company traded as low as $200.91 and last traded at $204.3160. 9,156,520 shares traded hands during trading, an increase of 18% from the average session volume of 7,731,133 shares. The stock had previously closed at $207.35.
Analyst Ratings Changes
Several equities analysts have issued reports on JNJ shares. Guggenheim boosted their target price on Johnson & Johnson from $206.00 to $227.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Argus set a $210.00 price objective on Johnson & Johnson in a report on Wednesday, October 15th. Wells Fargo & Company raised their target price on Johnson & Johnson from $212.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Wolfe Research lifted their price objective on Johnson & Johnson from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Monday. Finally, UBS Group reaffirmed a “buy” rating on shares of Johnson & Johnson in a research note on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Johnson & Johnson currently has an average rating of “Moderate Buy” and a consensus price target of $212.62.
View Our Latest Stock Analysis on Johnson & Johnson
Johnson & Johnson Trading Down 1.5%
The business has a 50 day simple moving average of $201.17 and a two-hundred day simple moving average of $183.07. The stock has a market cap of $492.26 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.13 and a beta of 0.34. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50.
Johnson & Johnson (NYSE:JNJ – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $24.02 billion for the quarter. As a group, equities analysts anticipate 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, March 10th. Investors of record on Tuesday, February 24th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, February 24th. Johnson & Johnson’s dividend payout ratio (DPR) is currently 50.19%.
Institutional Investors Weigh In On Johnson & Johnson
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Abich Financial Wealth Management LLC bought a new position in Johnson & Johnson during the 3rd quarter valued at $26,000. Clayton Financial Group LLC acquired a new stake in shares of Johnson & Johnson in the third quarter valued at $28,000. Evolution Wealth Management Inc. bought a new position in Johnson & Johnson during the second quarter valued at about $27,000. Semmax Financial Advisors Inc. lifted its holdings in Johnson & Johnson by 55.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 203 shares of the company’s stock valued at $31,000 after acquiring an additional 72 shares during the last quarter. Finally, Turning Point Benefit Group Inc. bought a new position in shares of Johnson & Johnson during the 3rd quarter valued at about $41,000. 69.55% of the stock is currently owned by institutional investors.
Johnson & Johnson Company Profile
Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, New Jersey, that develops, manufactures and markets a broad range of products across pharmaceuticals, medical devices and previously consumer health. Founded in 1886 by the Johnson family, the company has grown into a global healthcare organization with operations and sales in many countries around the world.
The company’s pharmaceuticals business, organized largely under its Janssen research and development organization, focuses on prescription medicines across therapeutic areas such as immunology, infectious disease, oncology and neuroscience.