9,408 Shares in Johnson & Johnson $JNJ Bought by Dorato Capital Management

Dorato Capital Management bought a new position in shares of Johnson & Johnson (NYSE:JNJFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,408 shares of the company’s stock, valued at approximately $2,056,000. Johnson & Johnson makes up 1.6% of Dorato Capital Management’s holdings, making the stock its 13th biggest position.

A number of other institutional investors have also added to or reduced their stakes in JNJ. Earned Wealth Advisors LLC raised its holdings in shares of Johnson & Johnson by 29.3% in the 4th quarter. Earned Wealth Advisors LLC now owns 6,086 shares of the company’s stock valued at $1,260,000 after acquiring an additional 1,379 shares in the last quarter. Abacus Planning Group Inc. grew its holdings in shares of Johnson & Johnson by 6.6% during the fourth quarter. Abacus Planning Group Inc. now owns 11,146 shares of the company’s stock worth $2,307,000 after purchasing an additional 687 shares in the last quarter. Augustine Asset Management Inc. increased its position in shares of Johnson & Johnson by 2.7% in the fourth quarter. Augustine Asset Management Inc. now owns 3,670 shares of the company’s stock worth $760,000 after purchasing an additional 95 shares during the last quarter. HF Advisory Group LLC increased its position in shares of Johnson & Johnson by 305.9% in the fourth quarter. HF Advisory Group LLC now owns 19,887 shares of the company’s stock worth $4,116,000 after purchasing an additional 14,987 shares during the last quarter. Finally, Crew Capital Management Ltd raised its stake in Johnson & Johnson by 9.3% in the fourth quarter. Crew Capital Management Ltd now owns 5,544 shares of the company’s stock valued at $1,147,000 after purchasing an additional 473 shares in the last quarter. 69.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on JNJ shares. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson & Johnson in a research note on Wednesday, January 28th. Scotiabank reaffirmed an “outperform” rating on shares of Johnson & Johnson in a report on Thursday, January 22nd. Wells Fargo & Company upped their target price on shares of Johnson & Johnson from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Loop Capital set a $220.00 target price on Johnson & Johnson in a research note on Tuesday, January 27th. Finally, Morgan Stanley set a $253.00 price target on Johnson & Johnson in a research report on Wednesday, March 18th. 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.91.

Get Our Latest Analysis on JNJ

Insider Activity

In related news, EVP Timothy Schmid sold 1,322 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $245.66, for a total transaction of $324,762.52. Following the completion of the sale, the executive vice president directly owned 25,447 shares in the company, valued at $6,251,310.02. This represents a 4.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Vanessa Broadhurst sold 6,197 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.39, for a total value of $1,508,287.83. Following the transaction, the executive vice president owned 23,003 shares in the company, valued at approximately $5,598,700.17. The trade was a 21.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 30,142 shares of company stock valued at $7,360,528. Company insiders own 0.16% of the company’s stock.

Johnson & Johnson Trading Down 0.0%

JNJ stock opened at $242.93 on Friday. The company has a market capitalization of $585.11 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.41 and a beta of 0.34. 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 has a one year low of $141.50 and a one year high of $251.71. The company’s 50 day moving average price is $239.86 and its two-hundred day moving average price is $213.00.

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

Johnson & Johnson News Roundup

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

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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