Johnson & Johnson $JNJ Shares Bought by RiverFront Investment Group LLC

RiverFront Investment Group LLC grew its holdings in shares of Johnson & Johnson (NYSE:JNJFree Report) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,441 shares of the company’s stock after acquiring an additional 3,242 shares during the period. RiverFront Investment Group LLC’s holdings in Johnson & Johnson were worth $4,644,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Sapient Capital LLC grew its stake in shares of Johnson & Johnson by 2.8% during the fourth quarter. Sapient Capital LLC now owns 59,397 shares of the company’s stock valued at $12,290,000 after acquiring an additional 1,613 shares in the last quarter. Passumpsic Savings Bank acquired a new stake in shares of Johnson & Johnson during the fourth quarter valued at about $389,000. Chase Investment Counsel Corp grew its stake in shares of Johnson & Johnson by 5.0% during the fourth quarter. Chase Investment Counsel Corp now owns 4,622 shares of the company’s stock valued at $956,000 after acquiring an additional 221 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of Johnson & Johnson during the fourth quarter valued at about $17,079,000. Finally, Rossmore Private Capital grew its stake in shares of Johnson & Johnson by 16.8% during the fourth quarter. Rossmore Private Capital now owns 100,771 shares of the company’s stock valued at $20,855,000 after acquiring an additional 14,527 shares in the last quarter. 69.55% of the stock is currently owned by institutional investors and hedge funds.

Key Johnson & Johnson News

Here are the key news stories impacting Johnson & Johnson this week:

Wall Street Analyst Weigh In

JNJ has been the topic of several research analyst reports. Guggenheim increased their price target on shares of Johnson & Johnson from $244.00 to $266.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group increased their price target on shares of Johnson & Johnson from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Johnson Rice raised shares of Johnson & Johnson from a “hold” rating to an “outperform” rating in a research report on Wednesday. Morgan Stanley set a $283.00 price target on shares of Johnson & Johnson in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company increased their price target on shares of Johnson & Johnson from $240.00 to $263.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Twenty equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.04.

Check Out Our Latest Analysis on Johnson & Johnson

Johnson & Johnson Stock Performance

Shares of NYSE JNJ opened at $226.81 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $235.13 and its two-hundred day moving average price is $222.02. Johnson & Johnson has a 52-week low of $149.04 and a 52-week high of $251.71. The stock has a market capitalization of $545.98 billion, a P/E ratio of 26.22, a P/E/G ratio of 2.22 and a beta of 0.27.

Johnson & Johnson (NYSE:JNJGet Free Report) last issued its earnings results on Tuesday, April 14th. The company reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.02. Johnson & Johnson had a net margin of 21.83% and a return on equity of 32.60%. The firm had revenue of $24.06 billion for the quarter, compared to analysts’ expectations of $23.60 billion. During the same quarter last year, the company posted $2.77 earnings per share. Johnson & Johnson’s revenue was up 9.9% on a year-over-year basis. Johnson & Johnson has set its FY 2026 guidance at 11.450-11.650 EPS. As a group, sell-side analysts forecast that Johnson & Johnson will post 11.57 earnings per share for the current year.

Johnson & Johnson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Shareholders of record on Tuesday, May 26th will be issued a $1.34 dividend. This is an increase from Johnson & Johnson’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, May 26th. Johnson & Johnson’s dividend payout ratio is 60.12%.

Insider Transactions at Johnson & Johnson

In other Johnson & Johnson news, EVP Timothy Schmid sold 22,623 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $244.33, for a total value of $5,527,477.59. Following the transaction, the executive vice president owned 26,769 shares of the company’s stock, valued at $6,540,469.77. This trade represents a 45.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Vanessa Broadhurst sold 6,197 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $243.39, for a total transaction of $1,508,287.83. Following the completion of the transaction, the executive vice president directly owned 23,003 shares in the company, valued at $5,598,700.17. This represents a 21.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,142 shares of company stock worth $7,360,528 in the last three months. 0.16% of the stock is currently owned by corporate insiders.

Johnson & Johnson Profile

(Free Report)

Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, New Jersey, that develops, manufactures and markets a broad range of products across pharmaceuticals, medical devices and previously consumer health. Founded in 1886 by the Johnson family, the company has grown into a global healthcare organization with operations and sales in many countries around the world.

The company’s pharmaceuticals business, organized largely under its Janssen research and development organization, focuses on prescription medicines across therapeutic areas such as immunology, infectious disease, oncology and neuroscience.

See Also

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Institutional Ownership by Quarter for Johnson & Johnson (NYSE:JNJ)

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