Clarkston Capital Partners LLC Has $32.13 Million Position in Johnson & Johnson (JNJ)

Clarkston Capital Partners LLC cut its position in Johnson & Johnson (NYSE:JNJ) by 1.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 248,961 shares of the company’s stock after selling 3,220 shares during the period. Clarkston Capital Partners LLC’s holdings in Johnson & Johnson were worth $32,128,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JNJ. Fundsmith Equity Fund L.P. bought a new position in shares of Johnson & Johnson in the second quarter valued at $552,762,000. Vanguard Group Inc grew its stake in shares of Johnson & Johnson by 1.5% in the third quarter. Vanguard Group Inc now owns 213,433,449 shares of the company’s stock valued at $29,490,100,000 after buying an additional 3,235,861 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Johnson & Johnson by 1.5% in the third quarter. Vanguard Group Inc. now owns 213,433,449 shares of the company’s stock valued at $29,490,100,000 after buying an additional 3,235,861 shares in the last quarter. Morgan Stanley grew its stake in shares of Johnson & Johnson by 6.3% in the third quarter. Morgan Stanley now owns 22,920,470 shares of the company’s stock valued at $3,166,921,000 after buying an additional 1,352,484 shares in the last quarter. Finally, Royal London Asset Management Ltd. bought a new position in Johnson & Johnson during the second quarter worth $150,576,000. 67.29% of the stock is owned by institutional investors and hedge funds.

JNJ stock opened at $136.52 on Tuesday. Johnson & Johnson has a one year low of $118.62 and a one year high of $148.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.47 and a quick ratio of 1.20. The firm has a market cap of $362.76 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 2.07 and a beta of 0.68.



Johnson & Johnson (NYSE:JNJ) last posted its earnings results on Tuesday, January 22nd. The company reported $1.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.02. Johnson & Johnson had a return on equity of 35.63% and a net margin of 18.75%. The company had revenue of $20.39 billion during the quarter, compared to the consensus estimate of $20.27 billion. During the same quarter last year, the firm earned $1.74 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Johnson & Johnson will post 8.58 earnings per share for the current fiscal year.

Johnson & Johnson announced that its board has authorized a share buyback program on Monday, December 17th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Wednesday, March 27th. Citigroup lifted their price objective on shares of Johnson & Johnson from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Monday, February 25th. Barclays reaffirmed an “equal weight” rating and set a $135.00 price objective (down from $137.00) on shares of Johnson & Johnson in a research report on Wednesday, January 23rd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $152.00 price objective (down from $162.00) on shares of Johnson & Johnson in a research report on Monday, January 14th. Finally, Morgan Stanley reduced their price objective on shares of Johnson & Johnson from $153.00 to $130.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 2nd. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Johnson & Johnson has an average rating of “Buy” and a consensus price target of $143.58.

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Johnson & Johnson Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates in three segments: Consumer, Pharmaceutical, and Medical Devices. The 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, 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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Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

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