Whittier Trust Co. of Nevada Inc. lowered its position in shares of Johnson & Johnson (NYSE:JNJ) by 1.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 161,650 shares of the company’s stock after selling 1,945 shares during the period. Johnson & Johnson comprises about 2.0% of Whittier Trust Co. of Nevada Inc.’s portfolio, making the stock its 4th biggest position. Whittier Trust Co. of Nevada Inc.’s holdings in Johnson & Johnson were worth $21,016,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of JNJ. Harding Loevner LP bought a new stake in shares of Johnson & Johnson in the 2nd quarter valued at about $106,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Johnson & Johnson by 29.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 870 shares of the company’s stock valued at $115,000 after buying an additional 200 shares during the last quarter. Lenox Wealth Advisors Inc. grew its position in shares of Johnson & Johnson by 0.6% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 876 shares of the company’s stock valued at $116,000 after buying an additional 5 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Johnson & Johnson by 46.4% in the 2nd quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock valued at $122,000 after buying an additional 3,467 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of Johnson & Johnson in the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 65.70% of the company’s stock.
Johnson & Johnson (JNJ) opened at $140.56 on Friday. The stock has a market capitalization of $377,644.13, a PE ratio of 24.40, a PEG ratio of 2.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.32 and a quick ratio of 1.02. Johnson & Johnson has a 52 week low of $110.76 and a 52 week high of $144.35.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th were paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Monday, November 27th. Johnson & Johnson’s dividend payout ratio (DPR) is currently 58.33%.
JNJ has been the topic of a number of analyst reports. Cowen reiterated an “outperform” rating and issued a $155.00 price target (up previously from $147.00) on shares of Johnson & Johnson in a research report on Wednesday, October 18th. UBS Group reiterated a “buy” rating and issued a $148.00 price target on shares of Johnson & Johnson in a research report on Thursday, August 31st. Jefferies Group upped their price target on Johnson & Johnson from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded Johnson & Johnson from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Credit Suisse Group set a $154.00 price objective on Johnson & Johnson and gave the company an “outperform” rating in a research note on Thursday, October 19th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $145.47.
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Johnson & Johnson Profile
Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.
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