Shares of Johnson & Johnson (NYSE:JNJ) have earned a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $142.41.
Several analysts have issued reports on the stock. Zacks Investment Research cut shares of Johnson & Johnson from a “buy” rating to a “hold” rating in a research note on Monday, April 16th. ValuEngine raised shares of Johnson & Johnson from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Leerink Swann reissued an “outperform” rating and issued a $160.00 price target (down previously from $175.00) on shares of Johnson & Johnson in a report on Wednesday, April 18th. They noted that the move was a valuation call. Stifel Nicolaus decreased their price target on shares of Johnson & Johnson from $145.00 to $135.00 and set a “hold” rating on the stock in a report on Wednesday, April 18th. Finally, Deutsche Bank reissued a “buy” rating on shares of Johnson & Johnson in a report on Wednesday, April 18th.
NYSE JNJ traded down $0.72 on Thursday, hitting $129.50. The stock had a trading volume of 4,542,700 shares, compared to its average volume of 7,173,572. Johnson & Johnson has a 52-week low of $118.62 and a 52-week high of $148.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.65 and a quick ratio of 1.33. The stock has a market capitalization of $350.79 billion, a PE ratio of 17.81, a P/E/G ratio of 1.99 and a beta of 0.73.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 11th. Investors of record on Tuesday, August 28th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, August 27th. Johnson & Johnson’s dividend payout ratio is currently 49.32%.
Hedge funds have recently added to or reduced their stakes in the stock. Goodman Financial Corp purchased a new stake in Johnson & Johnson during the 4th quarter valued at $104,000. Financial Gravity Wealth Inc. purchased a new stake in Johnson & Johnson during the 1st quarter valued at $105,000. CSat Investment Advisory L.P. purchased a new stake in Johnson & Johnson during the 2nd quarter valued at $107,000. Stelac Advisory Services LLC purchased a new stake in Johnson & Johnson during the 4th quarter valued at $108,000. Finally, WP Advisors LLC purchased a new stake in Johnson & Johnson during the 2nd quarter valued at $108,000. 66.20% of the stock is currently owned by institutional investors.
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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