Outlook Wealth Advisors LLC Decreases Holdings in Johnson & Johnson (NYSE:JNJ)

Outlook Wealth Advisors LLC trimmed its stake in shares of Johnson & Johnson (NYSE:JNJ) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,170 shares of the company’s stock after selling 86 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Johnson & Johnson were worth $1,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Johnson & Johnson by 0.7% during the second quarter. Vanguard Group Inc. now owns 225,158,988 shares of the company’s stock worth $31,360,143,000 after purchasing an additional 1,627,370 shares during the last quarter. Phocas Financial Corp. increased its position in Johnson & Johnson by 999,928.6% during the second quarter. Phocas Financial Corp. now owns 125,173,583 shares of the company’s stock worth $174,342,000 after purchasing an additional 125,161,066 shares during the last quarter. Northern Trust Corp increased its position in Johnson & Johnson by 0.9% during the second quarter. Northern Trust Corp now owns 35,255,462 shares of the company’s stock worth $4,910,381,000 after purchasing an additional 313,073 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Johnson & Johnson by 11.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 20,791,713 shares of the company’s stock worth $2,895,870,000 after purchasing an additional 2,204,757 shares during the last quarter. Finally, Morgan Stanley increased its position in Johnson & Johnson by 0.6% during the second quarter. Morgan Stanley now owns 19,995,067 shares of the company’s stock worth $2,784,913,000 after purchasing an additional 122,033 shares during the last quarter. 72.05% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on JNJ. Raymond James cut 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. Wells Fargo & Co cut 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. Goldman Sachs Group set a $169.00 price objective on shares of Johnson & Johnson and gave the stock a “buy” rating in a research report on Tuesday, August 27th. Royal Bank of Canada restated a “buy” rating on shares of Johnson & Johnson in a research report on Tuesday, July 16th. Finally, Zacks Investment Research upgraded 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. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $151.18.

Shares of JNJ opened at $127.70 on Friday. Johnson & Johnson has a 1-year low of $121.00 and a 1-year high of $148.99. The stock has a market cap of $359.38 billion, a PE ratio of 15.53, a P/E/G ratio of 2.30 and a beta of 0.69. The firm has a 50-day simple moving average of $130.45 and a two-hundred day simple moving average of $134.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.33 and a quick ratio of 1.04.

Johnson & Johnson (NYSE:JNJ) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.12. Johnson & Johnson had a net margin of 21.09% and a return on equity of 39.54%. The business had revenue of $20.73 billion during the quarter, compared to analysts’ expectations of $20.14 billion. During the same period last year, the business earned $2.05 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Johnson & Johnson will post 8.65 earnings per share for the current fiscal year.

The business also recently declared 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Monday, November 25th. Johnson & Johnson’s dividend payout ratio is presently 46.45%.

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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