46,077 Shares in Johnson & Johnson (JNJ) Purchased by IFG Advisory LLC
IFG Advisory LLC acquired a new position in Johnson & Johnson (NYSE:JNJ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 46,077 shares of the company’s stock, valued at approximately $3,405,000. Johnson & Johnson comprises 0.7% of IFG Advisory LLC’s portfolio, making the stock its 29th largest position.
Other large investors also recently bought and sold shares of the company. Harding Loevner LP bought a new stake in Johnson & Johnson in the 2nd quarter worth approximately $106,000. IHT Wealth Management LLC grew its position in Johnson & Johnson by 46.4% in the 2nd quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock worth $122,000 after purchasing an additional 3,467 shares during the period. Mountain Capital Investment Advisors Inc bought a new stake in Johnson & Johnson in the 2nd quarter worth approximately $124,000. Cerebellum GP LLC bought a new stake in Johnson & Johnson in the 4th quarter worth approximately $166,000. Finally, Lenox Wealth Management Inc. grew its position in Johnson & Johnson by 1.7% in the 2nd quarter. Lenox Wealth Management Inc. now owns 1,457 shares of the company’s stock worth $193,000 after purchasing an additional 24 shares during the period. 67.18% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on JNJ shares. Wells Fargo reissued an “outperform” rating and set a $160.00 price objective (up previously from $155.00) on shares of Johnson & Johnson in a research report on Friday, January 12th. Vetr raised shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $150.89 price objective for the company in a research report on Thursday, January 11th. Credit Suisse Group set a $154.00 price objective on shares of Johnson & Johnson and gave the company a “hold” rating in a research report on Monday, January 22nd. Royal Bank of Canada reissued a “buy” rating on shares of Johnson & Johnson in a research report on Tuesday, January 9th. Finally, BTIG Research reissued a “sell” rating and set a $110.00 price objective on shares of Johnson & Johnson in a research report on Wednesday, January 24th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $142.23.
Johnson & Johnson (NYSE:JNJ) last issued its earnings results on Tuesday, April 17th. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.06. The company had revenue of $20.01 billion during the quarter, compared to the consensus estimate of $19.50 billion. Johnson & Johnson had a net margin of 1.58% and a return on equity of 30.05%. Johnson & Johnson’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 EPS. sell-side analysts forecast that Johnson & Johnson will post 8.13 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 12th. Investors of record on Tuesday, May 29th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Friday, May 25th. This represents a $3.60 annualized dividend and a yield of 2.81%. This is an increase from Johnson & Johnson’s previous quarterly dividend of $0.84. Johnson & Johnson’s dividend payout ratio is currently 46.03%.
In related news, VP Paulus Stoffels sold 155,342 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $129.86, for a total value of $20,172,712.12. Following the completion of the transaction, the vice president now owns 357,906 shares of the company’s stock, valued at approximately $46,477,673.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.22% of the company’s stock.
Johnson & Johnson 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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