13,613 Shares in Johnson & Johnson (JNJ) Acquired by WBI Investments Inc.

WBI Investments Inc. acquired a new position in Johnson & Johnson (NYSE:JNJ) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,613 shares of the company’s stock, valued at approximately $1,881,000.

A number of other hedge funds have also bought and sold shares of the business. Selective Wealth Management purchased a new position in shares of Johnson & Johnson during the 3rd quarter valued at $105,000. WP Advisors LLC purchased a new position in shares of Johnson & Johnson during the 2nd quarter valued at $108,000. Fusion Family Wealth LLC lifted its position in shares of Johnson & Johnson by 621.4% during the 2nd quarter. Fusion Family Wealth LLC now owns 1,010 shares of the company’s stock valued at $123,000 after buying an additional 870 shares during the last quarter. Cognios Beta Neutral Large Cap Fund LP purchased a new position in shares of Johnson & Johnson during the 2nd quarter valued at $203,000. Finally, Exane Asset Management purchased a new position in shares of Johnson & Johnson during the 2nd quarter valued at $206,000. 68.98% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on JNJ shares. Citigroup dropped their price target on Johnson & Johnson from $148.00 to $139.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 2nd. Zacks Investment Research upgraded Johnson & Johnson from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Tuesday, November 20th. Morgan Stanley set a $140.00 price objective on Johnson & Johnson and gave the company a “hold” rating in a research note on Thursday, December 20th. Wells Fargo & Co reiterated an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of Johnson & Johnson in a research note on Wednesday, October 17th. Finally, Credit Suisse Group boosted their price objective on Johnson & Johnson from $149.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, October 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $142.20.

Shares of NYSE:JNJ traded up $0.56 during midday trading on Wednesday, reaching $134.72. 43,402 shares of the company traded hands, compared to its average volume of 7,757,457. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.40 and a current ratio of 1.72. Johnson & Johnson has a 12 month low of $118.62 and a 12 month high of $148.99. The firm has a market cap of $355.22 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.11 and a beta of 0.68.

Johnson & Johnson (NYSE:JNJ) last released its quarterly earnings data on Tuesday, January 22nd. The company reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. Johnson & Johnson had a return on equity of 35.09% and a net margin of 18.75%. The company had revenue of $20.39 billion for the quarter, compared to analyst estimates of $20.27 billion. During the same period in the previous year, the company posted $1.74 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities analysts predict that Johnson & Johnson will post 8.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 26th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Monday, February 25th. This represents a $3.60 dividend on an annualized basis and a yield of 2.67%. Johnson & Johnson’s dividend payout ratio is currently 44.01%.

Johnson & Johnson declared that its Board of Directors has authorized a share repurchase program on Monday, December 17th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

In other Johnson & Johnson news, VP Peter Fasolo sold 166,695 shares of the company’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $146.41, for a total value of $24,405,814.95. Following the transaction, the vice president now directly owns 155,540 shares in the company, valued at approximately $22,772,611.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles Prince bought 2,000 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was acquired at an average price of $134.37 per share, for a total transaction of $268,740.00. Following the completion of the purchase, the director now directly owns 28,520 shares in the company, valued at $3,832,232.40. The disclosure for this purchase can be found here. Insiders sold a total of 465,746 shares of company stock worth $67,951,916 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “13,613 Shares in Johnson & Johnson (JNJ) Acquired by WBI Investments Inc.” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.com-unik.info/2019/02/13/13613-shares-in-johnson-johnson-jnj-acquired-by-wbi-investments-inc.html.

About Johnson & Johnson

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.

Recommended Story: Why Net Income is Important to Investors

Want to see what other hedge funds are holding JNJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Johnson & Johnson (NYSE:JNJ).

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

Receive News & Ratings for Johnson & Johnson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson & Johnson and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit