Asset Management One Co. Ltd. Buys 47,524 Shares of Johnson & Johnson $JNJ

Asset Management One Co. Ltd. grew its stake in shares of Johnson & Johnson (NYSE:JNJFree Report) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,256,031 shares of the company’s stock after acquiring an additional 47,524 shares during the period. Johnson & Johnson comprises approximately 0.7% of Asset Management One Co. Ltd.’s investment portfolio, making the stock its 19th biggest holding. Asset Management One Co. Ltd. owned approximately 0.05% of Johnson & Johnson worth $232,893,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JNJ. Brighton Jones LLC lifted its position in Johnson & Johnson by 13.9% during the fourth quarter. Brighton Jones LLC now owns 51,876 shares of the company’s stock valued at $7,502,000 after acquiring an additional 6,332 shares during the last quarter. United Bank boosted its stake in shares of Johnson & Johnson by 110.7% during the 1st quarter. United Bank now owns 9,279 shares of the company’s stock worth $1,539,000 after acquiring an additional 4,876 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in shares of Johnson & Johnson during the 1st quarter valued at about $325,000. HFM Investment Advisors LLC purchased a new position in shares of Johnson & Johnson in the 1st quarter valued at about $836,000. Finally, AAF Wealth Management LLC boosted its position in Johnson & Johnson by 6.3% during the first quarter. AAF Wealth Management LLC now owns 1,810 shares of the company’s stock worth $300,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.

Johnson & Johnson Stock Performance

Shares of JNJ stock opened at $204.85 on Wednesday. The firm has a 50 day moving average of $201.80 and a two-hundred day moving average of $183.84. The stock has a market capitalization of $493.53 billion, a PE ratio of 19.77, a P/E/G ratio of 2.10 and a beta of 0.34. 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 52 week low of $140.68 and a 52 week high of $215.18.

Johnson & Johnson (NYSE:JNJGet 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 business had revenue of $24.02 billion for the quarter. On average, research analysts predict that Johnson & Johnson will post 10.58 EPS for the current fiscal year.

Johnson & Johnson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, February 24th. This represents a $5.20 annualized dividend and a yield of 2.5%. Johnson & Johnson’s dividend payout ratio (DPR) is 50.19%.

Wall Street Analyst Weigh In

JNJ has been the subject of a number of research analyst reports. Argus set a $210.00 price objective on shares of Johnson & Johnson in a research report on Wednesday, October 15th. Raymond James Financial lifted their price objective on Johnson & Johnson from $174.00 to $209.00 and gave the stock an “outperform” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. increased their target price on Johnson & Johnson from $185.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. UBS Group reaffirmed a “buy” rating on shares of Johnson & Johnson in a research note on Monday. Finally, Guggenheim upped their target price on Johnson & Johnson from $206.00 to $227.00 and gave the company a “buy” rating in a report on Friday, December 5th. Four analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $212.62.

Check Out Our Latest Research Report on Johnson & Johnson

Johnson & Johnson News Roundup

Here are the key news stories impacting Johnson & Johnson this week:

Johnson & Johnson Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

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