Schwartz Investment Counsel Inc. reduced its position in shares of Johnson & Johnson (NYSE:JNJ) by 3.6% during the third quarter, Holdings Channel reports. The firm owned 6,750 shares of the company’s stock after selling 250 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Johnson & Johnson were worth $797,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Americafirst Capital Management LLC bought a new position in Johnson & Johnson during the second quarter worth $101,000. Tuttle Tactical Management LLC bought a new position in Johnson & Johnson during the second quarter worth $103,000. Lenox Wealth Management Inc. raised its position in Johnson & Johnson by 24.3% in the second quarter. Lenox Wealth Management Inc. now owns 972 shares of the company’s stock worth $118,000 after buying an additional 190 shares during the period. Thomas J. Herzfeld Advisors Inc. raised its position in Johnson & Johnson by 221.2% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,002 shares of the company’s stock worth $122,000 after buying an additional 690 shares during the period. Finally, NCM Capital Management Group Inc. bought a new position in Johnson & Johnson during the second quarter worth $127,000. Institutional investors and hedge funds own 64.03% of the company’s stock.
Shares of Johnson & Johnson (NYSE:JNJ) traded down 0.44% during mid-day trading on Thursday, hitting $114.20. The stock had a trading volume of 5,540,831 shares. The stock has a 50 day moving average of $114.60 and a 200-day moving average of $118.18. The stock has a market capitalization of $310.68 billion, a P/E ratio of 20.05 and a beta of 0.72. Johnson & Johnson has a 52 week low of $94.28 and a 52 week high of $126.07.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Tuesday, February 28th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, February 24th. This represents a $3.20 annualized dividend and a yield of 2.80%. Johnson & Johnson’s payout ratio is presently 56.64%.
Several equities research analysts recently issued reports on JNJ shares. Vetr raised Johnson & Johnson from a “hold” rating to a “buy” rating and set a $117.64 price objective for the company in a research note on Tuesday, November 29th. Credit Suisse Group AG reissued a “hold” rating on shares of Johnson & Johnson in a research note on Tuesday, December 20th. RBC Capital Markets set a $133.00 price objective on Johnson & Johnson and gave the stock a “buy” rating in a research note on Wednesday, November 9th. Zacks Investment Research downgraded Johnson & Johnson from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. Finally, Argus reissued a “buy” rating and issued a $145.00 price objective on shares of Johnson & Johnson in a research note on Friday, October 21st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $122.22.
In related news, Director Charles Prince bought 875 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The shares were acquired at an average price of $114.11 per share, for a total transaction of $99,846.25. Following the completion of the acquisition, the director now owns 26,520 shares of the company’s stock, valued at approximately $3,026,197.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.
Johnson & Johnson Company 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. The Company’s segments include Consumer, Pharmaceutical and Medical Devices. The Consumer segment includes a range of products used in the baby care, oral care, skin care, over-the-counter pharmaceutical, women’s health and wound care markets.
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