Canada Pension Plan Investment Board grew its holdings in Johnson & Johnson (NYSE:JNJ) by 55.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,730,681 shares of the company’s stock after purchasing an additional 1,685,664 shares during the quarter. Johnson & Johnson comprises about 1.0% of Canada Pension Plan Investment Board’s portfolio, making the stock its 17th biggest position. Canada Pension Plan Investment Board’s holdings in Johnson & Johnson were worth $777,487,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in JNJ. OLD Mission Capital LLC bought a new stake in Johnson & Johnson during the 3rd quarter worth approximately $362,000. Sage Mountain Advisors LLC bought a new position in shares of Johnson & Johnson in the fourth quarter worth $525,000. Ironwood Wealth Management LLC. increased its holdings in shares of Johnson & Johnson by 1,559.2% in the fourth quarter. Ironwood Wealth Management LLC. now owns 7,400 shares of the company’s stock worth $1,165,000 after purchasing an additional 6,954 shares during the period. Mattern Capital Management LLC increased its stake in Johnson & Johnson by 3.5% in the fourth quarter. Mattern Capital Management LLC now owns 30,032 shares of the company’s stock valued at $4,726,000 after acquiring an additional 1,014 shares during the last quarter. Finally, United Bank increased its stake in Johnson & Johnson by 46.4% in the fourth quarter. United Bank now owns 9,863 shares of the company’s stock valued at $1,552,000 after acquiring an additional 3,127 shares during the last quarter. 66.60% of the stock is currently owned by institutional investors.
Shares of JNJ traded up $0.90 during trading hours on Thursday, reaching $170.39. 305,568 shares of the stock traded hands, compared to its average volume of 6,223,537. The company has a market capitalization of $448.71 billion, a P/E ratio of 30.07, a P/E/G ratio of 2.71 and a beta of 0.71. Johnson & Johnson has a 52-week low of $133.65 and a 52-week high of $173.65. The company’s 50-day simple moving average is $167.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.28.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 7th. Stockholders of record on Tuesday, August 24th will be given a $1.06 dividend. The ex-dividend date of this dividend is Monday, August 23rd. This represents a $4.24 annualized dividend and a dividend yield of 2.49%. Johnson & Johnson’s payout ratio is presently 52.80%.
A number of analysts have recently weighed in on the stock. Credit Suisse Group set a $193.00 target price on shares of Johnson & Johnson and gave the stock a “buy” rating in a report on Monday, June 7th. Morgan Stanley assumed coverage on shares of Johnson & Johnson in a report on Friday, May 28th. They issued an “overweight” rating and a $187.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Johnson & Johnson presently has a consensus rating of “Buy” and an average target price of $190.38.
Johnson & Johnson Company Profile
Johnson & Johnson researches and develops, manufactures, and sells a range of products in the health care field worldwide. It operates through three segments: Consumer Health, Pharmaceutical, and Medical Devices. The Consumer Health segment offers baby care products under the JOHNSON'S and AVEENO Baby brands; oral care products under the LISTERINE brand; skin health/beauty products under the AVEENO, CLEAN & CLEAR, DR.
See Also: Certificate of Deposit (CD)
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