Victory Capital Management Inc. Has $28.92 Million Holdings in Johnson & Johnson (JNJ)

Victory Capital Management Inc. raised its position in shares of Johnson & Johnson (NYSE:JNJ) by 40.1% in the third quarter, HoldingsChannel.com reports. The firm owned 222,470 shares of the company’s stock after acquiring an additional 63,633 shares during the period. Victory Capital Management Inc.’s holdings in Johnson & Johnson were worth $28,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of JNJ. BlackRock Inc. boosted its stake in Johnson & Johnson by 2.6% during the 2nd quarter. BlackRock Inc. now owns 174,073,764 shares of the company’s stock valued at $23,028,219,000 after purchasing an additional 4,332,612 shares during the period. Janus Henderson Group PLC boosted its stake in Johnson & Johnson by 717.9% during the 2nd quarter. Janus Henderson Group PLC now owns 3,748,008 shares of the company’s stock valued at $495,837,000 after purchasing an additional 3,289,763 shares during the period. Vanguard Group Inc. lifted its stake in shares of Johnson & Johnson by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 200,450,985 shares of the company’s stock worth $26,517,661,000 after acquiring an additional 3,023,110 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Johnson & Johnson by 47.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 7,970,670 shares of the company’s stock worth $1,054,433,000 after acquiring an additional 2,581,562 shares during the period. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Johnson & Johnson by 13,327.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,501,472 shares of the company’s stock worth $18,909,000 after acquiring an additional 2,482,843 shares during the period. 65.70% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on JNJ. Vetr raised shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $150.89 price target for the company in a research note on Thursday. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $160.00 price target (up from $155.00) on shares of Johnson & Johnson in a research note on Friday. Royal Bank of Canada reaffirmed a “buy” rating on shares of Johnson & Johnson in a research note on Tuesday, January 9th. JPMorgan Chase & Co. lowered shares of Johnson & Johnson from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Finally, Citigroup began coverage on shares of Johnson & Johnson in a research note on Monday, September 25th. They issued a “neutral” rating and a $140.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Johnson & Johnson presently has a consensus rating of “Hold” and an average target price of $145.94.

Shares of Johnson & Johnson (NYSE JNJ) opened at $145.76 on Friday. Johnson & Johnson has a one year low of $110.76 and a one year high of $146.42. The company has a market cap of $391,590.00, a P/E ratio of 25.31, a P/E/G ratio of 2.75 and a beta of 0.80. 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 released its earnings results on Tuesday, October 17th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. Johnson & Johnson had a net margin of 21.28% and a return on equity of 27.38%. The business had revenue of $19.65 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same period in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. equities analysts predict that Johnson & Johnson will post 7.28 EPS for the current year.

The firm also recently announced 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. This represents a $3.36 annualized dividend and a yield of 2.31%. The ex-dividend date is Monday, February 26th. Johnson & Johnson’s dividend payout ratio is presently 58.33%.

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Johnson & Johnson Company Profile

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

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