CWA Asset Management Group LLC Sells 21,081 Shares of Johnson & Johnson $JNJ

CWA Asset Management Group LLC decreased its holdings in Johnson & Johnson (NYSE:JNJFree Report) by 17.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,944 shares of the company’s stock after selling 21,081 shares during the quarter. Johnson & Johnson accounts for approximately 0.7% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 29th biggest holding. CWA Asset Management Group LLC’s holdings in Johnson & Johnson were worth $18,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JNJ. Ramsey Quantitative Systems bought a new position in shares of Johnson & Johnson in the third quarter valued at approximately $185,000. Stone Summit Wealth LLC lifted its stake in Johnson & Johnson by 14.6% during the 3rd quarter. Stone Summit Wealth LLC now owns 4,195 shares of the company’s stock valued at $778,000 after acquiring an additional 535 shares in the last quarter. Nabity Jensen Investment Management Inc boosted its holdings in Johnson & Johnson by 1.5% during the 3rd quarter. Nabity Jensen Investment Management Inc now owns 4,528 shares of the company’s stock worth $840,000 after acquiring an additional 68 shares during the last quarter. Powers Advisory Group LLC raised its holdings in shares of Johnson & Johnson by 3.7% in the third quarter. Powers Advisory Group LLC now owns 10,173 shares of the company’s stock valued at $1,886,000 after purchasing an additional 360 shares during the last quarter. Finally, Allen Wealth Management LLC lifted its position in shares of Johnson & Johnson by 257.1% during the third quarter. Allen Wealth Management LLC now owns 10,927 shares of the company’s stock valued at $2,026,000 after purchasing an additional 7,867 shares in the last quarter. 69.55% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Johnson & Johnson

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

Johnson & Johnson Stock Up 1.3%

Shares of NYSE JNJ opened at $207.47 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.07 and a quick ratio of 0.80. The stock has a market capitalization of $499.85 billion, a PE ratio of 20.03, a P/E/G ratio of 2.10 and a beta of 0.34. Johnson & Johnson has a one year low of $140.68 and a one year high of $215.18. The business’s fifty day moving average price is $202.23 and its 200-day moving average price is $184.00.

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. The business had revenue of $24.02 billion for the quarter. Johnson & Johnson had a return on equity of 32.73% and a net margin of 27.26%. On average, equities research analysts anticipate that Johnson & Johnson will post 10.58 EPS for the current year.

Johnson & Johnson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Tuesday, February 24th. Johnson & Johnson’s dividend payout ratio is presently 50.19%.

Analysts Set New Price Targets

A number of brokerages have issued reports on JNJ. Morgan Stanley upped their price objective on shares of Johnson & Johnson from $190.00 to $197.00 and gave the stock an “equal weight” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. upped 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. Raymond James Financial increased their price target on Johnson & Johnson from $174.00 to $209.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. BMO Capital Markets reissued an “outperform” rating on shares of Johnson & Johnson in a research report on Thursday, December 11th. Finally, Wall Street Zen upgraded Johnson & Johnson from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Four research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $212.62.

Get Our Latest Stock Report on JNJ

Johnson & Johnson 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.

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

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