Accredited Wealth Management LLC Raises Stock Position in Johnson & Johnson $JNJ

Accredited Wealth Management LLC grew its stake in Johnson & Johnson (NYSE:JNJFree Report) by 822.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,718 shares of the company’s stock after buying an additional 3,315 shares during the quarter. Accredited Wealth Management LLC’s holdings in Johnson & Johnson were worth $689,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JNJ. Aster Capital Management DIFC Ltd raised its position in shares of Johnson & Johnson by 12.3% in the third quarter. Aster Capital Management DIFC Ltd now owns 22,542 shares of the company’s stock worth $4,180,000 after acquiring an additional 2,477 shares during the period. LeClair Wealth Partners LLC purchased a new position in shares of Johnson & Johnson in the 3rd quarter valued at about $205,000. Handelsbanken Fonder AB boosted its position in Johnson & Johnson by 29.9% during the third quarter. Handelsbanken Fonder AB now owns 1,880,207 shares of the company’s stock worth $348,628,000 after purchasing an additional 433,283 shares in the last quarter. Generali Investments Management Co LLC increased its position in shares of Johnson & Johnson by 71.4% in the third quarter. Generali Investments Management Co LLC now owns 31,455 shares of the company’s stock valued at $5,832,000 after buying an additional 13,108 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Johnson & Johnson during the 3rd quarter worth approximately $203,000. 69.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Johnson & Johnson

In other news, EVP Vanessa Broadhurst sold 6,197 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $243.39, for a total transaction of $1,508,287.83. Following the sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Schmid sold 1,322 shares of Johnson & Johnson stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $245.66, for a total transaction of $324,762.52. Following the completion of the transaction, the executive vice president owned 25,447 shares of the company’s stock, valued at $6,251,310.02. This trade represents a 4.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,142 shares of company stock worth $7,360,528 over the last quarter. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

JNJ has been the topic of a number of research analyst reports. Rothschild & Co Redburn lifted their price target on shares of Johnson & Johnson from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Leerink Partners lifted their target price on shares of Johnson & Johnson from $201.00 to $232.00 and gave the company a “market perform” rating in a research report on Thursday, January 22nd. HSBC boosted their target price on shares of Johnson & Johnson from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Morgan Stanley set a $262.00 price objective on Johnson & Johnson and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Guggenheim upped their target price on shares of Johnson & Johnson from $227.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.70.

Check Out Our Latest Stock Analysis on JNJ

Johnson & Johnson Stock Performance

NYSE:JNJ opened at $248.81 on Friday. Johnson & Johnson has a fifty-two week low of $141.50 and a fifty-two week high of $248.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 1.03. The company has a 50 day moving average price of $224.67 and a 200 day moving average price of $201.61. The stock has a market capitalization of $599.60 billion, a P/E ratio of 22.52, a PEG ratio of 2.36 and a beta of 0.35.

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

Johnson & Johnson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, February 24th. Johnson & Johnson’s payout ratio is currently 47.06%.

Key Headlines Impacting Johnson & Johnson

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

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.

See Also

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

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