Traders Buy Shares of Johnson & Johnson (JNJ) on Weakness

Investors bought shares of Johnson & Johnson (NYSE:JNJ) on weakness during trading hours on Monday. $218.52 million flowed into the stock on the tick-up and $120.02 million flowed out of the stock on the tick-down, for a money net flow of $98.50 million into the stock. Of all companies tracked, Johnson & Johnson had the 12th highest net in-flow for the day. Johnson & Johnson traded down ($0.40) for the day and closed at $132.00

JNJ has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, November 20th. HC Wainwright reiterated a “buy” rating on shares of Johnson & Johnson in a research note on Wednesday, October 17th. Credit Suisse Group set a $149.00 price target on shares of Johnson & Johnson and gave the stock a “buy” rating in a research note on Sunday, October 14th. ValuEngine upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating in a research note on Thursday, December 13th. Finally, Morgan Stanley reduced their price target on shares of Johnson & Johnson from $153.00 to $130.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $142.20.

The company has a market capitalization of $355.22 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.11 and a beta of 0.68. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 0.46.



Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings results on Tuesday, January 22nd. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.02. The firm had revenue of $20.39 billion during the quarter, compared to analyst estimates of $20.27 billion. Johnson & Johnson had a net margin of 18.75% and a return on equity of 35.09%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share. As a group, equities analysts expect 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. Investors of record on Tuesday, February 26th will be given a dividend of $0.90 per share. The ex-dividend date is Monday, February 25th. This represents a $3.60 annualized dividend and a yield of 2.73%. Johnson & Johnson’s dividend payout ratio (DPR) is 44.01%.

Johnson & Johnson announced that its Board of Directors has initiated a stock repurchase plan on Monday, December 17th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

In related news, CEO Alex Gorsky sold 264,465 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $145.96, for a total transaction of $38,601,311.40. Following the completion of the sale, the chief executive officer now directly owns 481,254 shares in the company, valued at $70,243,833.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael E. Sneed sold 30,943 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $142.46, for a total transaction of $4,408,139.78. Following the sale, the executive vice president now owns 70,817 shares of the company’s stock, valued at $10,088,589.82. The disclosure for this sale can be found here. Insiders have sold 465,746 shares of company stock valued at $67,951,916 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in JNJ. Cambridge Advisors Inc. lifted its holdings in Johnson & Johnson by 0.3% during the fourth quarter. Cambridge Advisors Inc. now owns 22,436 shares of the company’s stock valued at $2,895,000 after purchasing an additional 78 shares in the last quarter. Stuart Chaussee & Associates Inc. lifted its holdings in Johnson & Johnson by 20.7% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 466 shares of the company’s stock valued at $60,000 after purchasing an additional 80 shares in the last quarter. Deane Retirement Strategies Inc. lifted its holdings in Johnson & Johnson by 0.7% during the fourth quarter. Deane Retirement Strategies Inc. now owns 12,458 shares of the company’s stock valued at $1,608,000 after purchasing an additional 82 shares in the last quarter. Burt Wealth Advisors lifted its holdings in Johnson & Johnson by 0.6% during the fourth quarter. Burt Wealth Advisors now owns 12,898 shares of the company’s stock valued at $1,665,000 after purchasing an additional 82 shares in the last quarter. Finally, Timber Creek Capital Management LLC lifted its holdings in Johnson & Johnson by 8.7% during the fourth quarter. Timber Creek Capital Management LLC now owns 1,035 shares of the company’s stock valued at $133,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 68.98% of the company’s stock.

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Johnson & Johnson Company Profile (NYSE:JNJ)

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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