Capital Planning Advisors LLC trimmed its holdings in Johnson & Johnson (NYSE:JNJ) by 9.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 36,783 shares of the company’s stock after selling 3,700 shares during the period. Johnson & Johnson accounts for about 1.4% of Capital Planning Advisors LLC’s portfolio, making the stock its 19th largest position. Capital Planning Advisors LLC’s holdings in Johnson & Johnson were worth $4,759,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Virtus ETF Advisers LLC purchased a new stake in shares of Johnson & Johnson in the second quarter worth about $25,000. Krane Funds Advisors LLC purchased a new stake in shares of Johnson & Johnson during the 2nd quarter worth $26,000. Financial Advantage Inc. purchased a new stake in shares of Johnson & Johnson during the 3rd quarter worth $28,000. Crewe Advisors LLC lifted its position in shares of Johnson & Johnson by 725.9% during the 2nd quarter. Crewe Advisors LLC now owns 223 shares of the company’s stock worth $31,000 after purchasing an additional 196 shares during the last quarter. Finally, Eii Capital Management Inc. purchased a new stake in shares of Johnson & Johnson during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 72.22% of the company’s stock.
Shares of NYSE:JNJ opened at $130.96 on Friday. Johnson & Johnson has a one year low of $121.00 and a one year high of $148.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.00 and a current ratio of 1.26. The company has a 50-day simple moving average of $130.86 and a 200-day simple moving average of $133.87. The stock has a market capitalization of $347.35 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.23 and a beta of 0.69.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.80 annualized dividend and a yield of 2.90%. Johnson & Johnson’s payout ratio is currently 46.45%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Johnson & Johnson from a “sell” rating to a “hold” rating and set a $142.00 price objective for the company in a research report on Thursday, October 17th. Wells Fargo & Co decreased their price objective on shares of Johnson & Johnson from $157.00 to $155.00 and set an “outperform” rating for the company in a research report on Wednesday, October 16th. Atlantic Securities raised shares of Johnson & Johnson from an “underweight” rating to a “neutral” rating in a research report on Wednesday, October 16th. Raymond James decreased their price objective on shares of Johnson & Johnson from $146.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Finally, Sanford C. Bernstein raised shares of Johnson & Johnson from a “market perform” rating to an “outperform” rating and set a $155.00 price objective for the company in a research report on Friday, October 11th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $151.64.
About Johnson & Johnson
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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