Cidel Asset Management Inc. lifted its holdings in Johnson & Johnson (NYSE:JNJ) by 7.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,935 shares of the company’s stock after purchasing an additional 14,453 shares during the period. Johnson & Johnson comprises 1.3% of Cidel Asset Management Inc.’s holdings, making the stock its 25th biggest holding. Cidel Asset Management Inc.’s holdings in Johnson & Johnson were worth $32,608,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Johnson & Johnson by 0.7% in the 1st quarter. BlackRock Inc. now owns 189,690,998 shares of the company’s stock worth $31,175,717,000 after purchasing an additional 1,379,656 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Johnson & Johnson by 1.8% in the first quarter. Geode Capital Management LLC now owns 40,825,241 shares of the company’s stock worth $6,691,186,000 after acquiring an additional 716,136 shares in the last quarter. Morgan Stanley increased its position in shares of Johnson & Johnson by 0.8% in the first quarter. Morgan Stanley now owns 24,305,948 shares of the company’s stock worth $3,994,681,000 after acquiring an additional 194,920 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Johnson & Johnson by 0.8% in the first quarter. Nuveen Asset Management LLC now owns 14,395,550 shares of the company’s stock worth $2,365,909,000 after acquiring an additional 119,687 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Johnson & Johnson by 1.8% in the first quarter. Swiss National Bank now owns 11,038,366 shares of the company’s stock worth $1,814,155,000 after acquiring an additional 192,000 shares in the last quarter. 67.29% of the stock is currently owned by institutional investors.
Shares of JNJ stock traded up $0.86 during trading on Wednesday, hitting $165.66. 199,293 shares of the company were exchanged, compared to its average volume of 7,095,660. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.13 and a current ratio of 1.39. The firm has a market capitalization of $436.10 billion, a price-to-earnings ratio of 24.78, a P/E/G ratio of 2.23 and a beta of 0.71. The business’s 50-day simple moving average is $172.45 and its 200 day simple moving average is $167.19. Johnson & Johnson has a twelve month low of $133.65 and a twelve month high of $179.92.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 7th. Shareholders of record on Tuesday, August 24th were paid a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Monday, August 23rd. Johnson & Johnson’s dividend payout ratio (DPR) is presently 52.80%.
Several research analysts have recently weighed in on JNJ shares. SVB Leerink reissued a “buy” rating on shares of Johnson & Johnson in a research report on Thursday, July 29th. Morgan Stanley downgraded shares of Johnson & Johnson from an “overweight” rating to an “equal weight” rating and set a $187.00 target price on the stock. in a research report on Tuesday, September 7th. Finally, Credit Suisse Group set a $193.00 price target on shares of Johnson & Johnson and gave the stock a “buy” rating in a report on Monday, June 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $190.38.
Johnson & Johnson Profile
Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of products in the health care field. It operates through the following segments: Consumer Health, Pharmaceutical, and Medical Devices. The Consumer Health segment includes products used in the baby care, oral care, beauty, over-the-counter pharmaceutical, women’s health, and wound care markets.
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