Investors Buy Johnson & Johnson (JNJ) on Weakness Following Insider Selling

Traders purchased shares of Johnson & Johnson (NYSE:JNJ) on weakness during trading on Wednesday after an insider sold shares in the company. $286.19 million flowed into the stock on the tick-up and $139.67 million flowed out of the stock on the tick-down, for a money net flow of $146.52 million into the stock. Of all stocks tracked, Johnson & Johnson had the 4th highest net in-flow for the day. Johnson & Johnson traded down ($0.96) for the day and closed at $129.91Specifically, VP Paulus Stoffels sold 155,342 shares of Johnson & Johnson stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $129.86, for a total value of $20,172,712.12. Following the sale, the vice president now owns 357,906 shares of the company’s stock, valued at $46,477,673.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $160.00 target price (up previously from $155.00) on shares of Johnson & Johnson in a research note on Friday, January 12th. Vetr upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $150.89 target price for the company in a research note on Thursday, January 11th. Credit Suisse Group set a $154.00 target price on shares of Johnson & Johnson and gave the stock a “hold” rating in a research note on Monday, January 22nd. Royal Bank of Canada reiterated a “buy” rating on shares of Johnson & Johnson in a research note on Tuesday, January 9th. Finally, Stifel Nicolaus lifted their target price on shares of Johnson & Johnson from $142.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $146.16.

The firm has a market cap of $349,010.00, a P/E ratio of 333.10, a P/E/G ratio of 2.23 and a beta of 0.74. The company has a current ratio of 1.32, a quick ratio of 1.02 and a debt-to-equity ratio of 0.36.

Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings data on Tuesday, January 23rd. The company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.72 by $0.02. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.08 billion. Johnson & Johnson had a net margin of 1.70% and a return on equity of 27.80%. Johnson & Johnson’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share. sell-side analysts anticipate that Johnson & Johnson will post 8.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $3.36 annualized dividend and a yield of 2.59%. Johnson & Johnson’s dividend payout ratio is currently 861.54%.

A number of large investors have recently modified their holdings of JNJ. Armstrong Henry H Associates Inc. lifted its holdings in shares of Johnson & Johnson by 0.9% in the 2nd quarter. Armstrong Henry H Associates Inc. now owns 497,392 shares of the company’s stock worth $65,800,000 after acquiring an additional 4,306 shares during the last quarter. Steinberg Global Asset Management lifted its holdings in shares of Johnson & Johnson by 4.7% in the 2nd quarter. Steinberg Global Asset Management now owns 25,214 shares of the company’s stock worth $3,336,000 after acquiring an additional 1,123 shares during the last quarter. Bristlecone Advisors LLC lifted its holdings in shares of Johnson & Johnson by 1.0% in the 2nd quarter. Bristlecone Advisors LLC now owns 27,275 shares of the company’s stock worth $3,608,000 after acquiring an additional 257 shares during the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of Johnson & Johnson by 27.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 20,488 shares of the company’s stock worth $2,710,000 after acquiring an additional 4,428 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of Johnson & Johnson in the 2nd quarter worth approximately $1,221,000. 65.58% of the stock is owned by institutional investors.

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About Johnson & Johnson

Johnson & Johnson is a holding company, which is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer, Pharmaceutical and Medical Devices. Its primary focus is products related to human health and well-being.

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