Beaumont Financial Advisors LLC Decreases Position in Johnson & Johnson $JNJ

Beaumont Financial Advisors LLC decreased its stake in Johnson & Johnson (NYSE:JNJFree Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,215 shares of the company’s stock after selling 6,993 shares during the quarter. Johnson & Johnson comprises 1.6% of Beaumont Financial Advisors LLC’s portfolio, making the stock its 19th biggest holding. Beaumont Financial Advisors LLC’s holdings in Johnson & Johnson were worth $24,465,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Abich Financial Wealth Management LLC bought a new stake in Johnson & Johnson in the third quarter worth $26,000. Clayton Financial Group LLC bought a new position in Johnson & Johnson during the third quarter valued at $28,000. Evolution Wealth Management Inc. purchased a new stake in shares of Johnson & Johnson in the second quarter valued at $27,000. Semmax Financial Advisors Inc. lifted its holdings in shares of Johnson & Johnson by 55.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 203 shares of the company’s stock worth $31,000 after acquiring an additional 72 shares during the last quarter. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of Johnson & Johnson in the 3rd quarter worth about $41,000. Institutional investors own 69.55% of the company’s stock.

Johnson & Johnson Trading Down 0.0%

JNJ stock opened at $242.93 on Friday. Johnson & Johnson has a 12 month low of $141.50 and a 12 month high of $251.71. The firm’s 50-day moving average is $239.86 and its 200 day moving average is $213.00. The company has a market capitalization of $585.11 billion, a PE ratio of 21.98, a P/E/G ratio of 2.41 and a beta of 0.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.03 and a quick ratio of 0.77.

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

Key Johnson & Johnson News

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JNJ. Wolfe Research upped their price target on shares of Johnson & Johnson from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Morgan Stanley set a $253.00 target price on Johnson & Johnson in a research report on Wednesday, March 18th. Freedom Capital cut Johnson & Johnson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen increased their price target on Johnson & Johnson from $222.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Wells Fargo & Company raised their price target on Johnson & Johnson from $230.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One investment 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 stock. According to data from MarketBeat.com, Johnson & Johnson presently has an average rating of “Moderate Buy” and an average target price of $236.91.

Get Our Latest Stock Report on Johnson & Johnson

Insider Buying and Selling

In related news, EVP Vanessa Broadhurst sold 6,197 shares of the business’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 completion of the sale, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Schmid sold 1,322 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $245.66, for a total value of $324,762.52. Following the completion of the transaction, the executive vice president directly owned 25,447 shares in the company, valued at approximately $6,251,310.02. This trade represents a 4.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,142 shares of company stock valued at $7,360,528 in the last quarter. 0.16% of the stock is owned by company insiders.

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.

See Also

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

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