GW Henssler & Associates Ltd. Has $14.50 Million Stake in Johnson & Johnson (JNJ)

GW Henssler & Associates Ltd. lifted its position in shares of Johnson & Johnson (NYSE:JNJ) by 1.1% in the second quarter, HoldingsChannel.com reports. The firm owned 119,457 shares of the company’s stock after purchasing an additional 1,276 shares during the period. Johnson & Johnson comprises 1.4% of GW Henssler & Associates Ltd.’s investment portfolio, making the stock its 23rd largest position. GW Henssler & Associates Ltd.’s holdings in Johnson & Johnson were worth $14,495,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of JNJ. BlackRock Inc. boosted its holdings in shares of Johnson & Johnson by 4.7% during the first quarter. BlackRock Inc. now owns 175,389,024 shares of the company’s stock worth $22,476,102,000 after purchasing an additional 7,853,141 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Johnson & Johnson by 10,307.6% during the second quarter. Cornerstone Wealth Management LLC now owns 2,497,098 shares of the company’s stock worth $20,537,000 after purchasing an additional 2,473,105 shares during the period. Bank of Montreal Can boosted its holdings in shares of Johnson & Johnson by 36.1% during the second quarter. Bank of Montreal Can now owns 6,910,459 shares of the company’s stock worth $838,515,000 after purchasing an additional 1,833,622 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of Johnson & Johnson by 11,692.6% during the first quarter. Summit Trail Advisors LLC now owns 1,767,832 shares of the company’s stock worth $1,768,000 after purchasing an additional 1,752,841 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Johnson & Johnson by 212.7% during the second quarter. Public Employees Retirement Association of Colorado now owns 1,498,023 shares of the company’s stock worth $181,770,000 after purchasing an additional 1,019,002 shares during the period. Institutional investors own 66.06% of the company’s stock.

In other Johnson & Johnson news, CEO Alex Gorsky sold 264,465 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $145.96, for a total transaction of $38,601,311.40. Following the completion of the transaction, the chief executive officer now owns 481,254 shares of the company’s stock, valued at $70,243,833.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ronald A. Kapusta sold 7,899 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $137.18, for a total transaction of $1,083,584.82. Following the transaction, the chief accounting officer now directly owns 25,725 shares of the company’s stock, valued at approximately $3,528,955.50. The disclosure for this sale can be found here. Insiders have sold 351,748 shares of company stock valued at $51,092,647 in the last ninety days. Insiders own 0.22% of the company’s stock.

JNJ has been the subject of a number of research reports. Zacks Investment Research raised shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, November 20th. HC Wainwright reissued a “buy” rating on shares of Johnson & Johnson in a research note on Wednesday, October 17th. Credit Suisse Group set a $149.00 price target on shares of Johnson & Johnson and gave the stock a “buy” rating in a research note on Sunday, October 14th. Citigroup increased their price target on shares of Johnson & Johnson from $137.00 to $148.00 and gave the stock a “neutral” rating in a research note on Monday, October 22nd. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $160.00 price target on shares of Johnson & Johnson in a research note on Friday, September 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $143.47.

JNJ stock opened at $146.90 on Friday. Johnson & Johnson has a 1 year low of $118.62 and a 1 year high of $148.75. The stock has a market capitalization of $391.30 billion, a P/E ratio of 18.35, a P/E/G ratio of 2.28 and a beta of 0.58. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.46.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings results on Tuesday, October 16th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.02. Johnson & Johnson had a net margin of 1.89% and a return on equity of 34.62%. The company had revenue of $20.35 billion during the quarter, compared to the consensus estimate of $20.05 billion. During the same period in the prior year, the firm earned $1.90 earnings per share. Johnson & Johnson’s revenue was up 3.6% on a year-over-year basis. On average, equities analysts anticipate that Johnson & Johnson will post 8.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Tuesday, November 27th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Monday, November 26th. Johnson & Johnson’s dividend payout ratio is 49.32%.

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Johnson & Johnson Company Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.

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

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