Johnson & Johnson $JNJ Holdings Boosted by Aprio Wealth Management LLC

Aprio Wealth Management LLC grew its stake in shares of Johnson & Johnson (NYSE:JNJFree Report) by 36.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,783 shares of the company’s stock after purchasing an additional 3,117 shares during the quarter. Aprio Wealth Management LLC’s holdings in Johnson & Johnson were worth $2,185,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aviso Financial Inc. grew its stake in Johnson & Johnson by 7.2% during the 3rd quarter. Aviso Financial Inc. now owns 28,771 shares of the company’s stock worth $5,335,000 after buying an additional 1,932 shares during the last quarter. Eley Financial Management Inc boosted its holdings in shares of Johnson & Johnson by 0.5% during the third quarter. Eley Financial Management Inc now owns 22,126 shares of the company’s stock valued at $4,103,000 after acquiring an additional 112 shares during the period. United Bank grew its position in shares of Johnson & Johnson by 5.0% during the third quarter. United Bank now owns 12,920 shares of the company’s stock worth $2,396,000 after acquiring an additional 610 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of Johnson & Johnson by 0.3% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 35,549 shares of the company’s stock worth $6,592,000 after acquiring an additional 118 shares during the period. Finally, Trivium Point Advisory LLC lifted its position in Johnson & Johnson by 2.9% in the 3rd quarter. Trivium Point Advisory LLC now owns 11,554 shares of the company’s stock valued at $2,142,000 after purchasing an additional 323 shares during the last quarter. Institutional investors and hedge funds own 69.55% of the company’s stock.

Key Headlines Impacting Johnson & Johnson

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JNJ shares. Stifel Nicolaus raised their price target on shares of Johnson & Johnson from $205.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Barclays increased their price objective on Johnson & Johnson from $197.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 30th. TD Cowen lifted their target price on Johnson & Johnson from $222.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Scotiabank reissued an “outperform” rating on shares of Johnson & Johnson in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their price target on Johnson & Johnson from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.70.

Check Out Our Latest Report on Johnson & Johnson

Johnson & Johnson Stock Performance

Shares of NYSE JNJ opened at $248.81 on Friday. Johnson & Johnson has a 1 year low of $141.50 and a 1 year high of $248.94. The firm has a market cap of $599.60 billion, a P/E ratio of 22.52, a PEG ratio of 2.41 and a beta of 0.35. The stock has a fifty day moving average price of $224.67 and a two-hundred day moving average price of $201.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 1.03.

Johnson & Johnson (NYSE:JNJGet Free Report) last announced its quarterly earnings data on Saturday, January 31st. The company reported $2.46 earnings per share for the quarter. The business had revenue of $24.28 billion during the quarter. Johnson & Johnson had a return on equity of 33.04% and a net margin of 28.46%. Research analysts forecast that Johnson & Johnson will post 10.58 EPS for the current fiscal year.

Johnson & Johnson Announces Dividend

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 issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, February 24th. Johnson & Johnson’s dividend payout ratio (DPR) is presently 47.06%.

Insider Activity at Johnson & Johnson

In other news, EVP Timothy Schmid sold 22,623 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $244.33, for a total transaction of $5,527,477.59. Following the sale, the executive vice president directly owned 26,769 shares of the company’s stock, valued at $6,540,469.77. The trade was a 45.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Vanessa Broadhurst sold 6,197 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $243.39, for a total value of $1,508,287.83. Following the sale, the executive vice president directly owned 23,003 shares of the company’s stock, valued at approximately $5,598,700.17. This represents a 21.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 30,142 shares of company stock worth $7,360,528. 0.16% of the stock is currently owned by company insiders.

About Johnson & Johnson

(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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