Johnson & Johnson (NYSE:JNJ) Reaches New 12-Month High – Here’s What Happened

Johnson & Johnson (NYSE:JNJGet Free Report) reached a new 52-week high on Thursday . The stock traded as high as $260.23 and last traded at $260.9590, with a volume of 1152175 shares. The stock had previously closed at $253.98.

Key Johnson & Johnson News

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JNJ. JPMorgan Chase & Co. raised their target price on Johnson & Johnson from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. The Goldman Sachs Group upped their price target on Johnson & Johnson from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Argus increased their price objective on Johnson & Johnson from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Sanford C. Bernstein raised their price objective on shares of Johnson & Johnson from $225.00 to $251.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 15th. Finally, Citigroup boosted their target price on shares of Johnson & Johnson from $274.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Twenty equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $256.70.

View Our Latest Stock Report on Johnson & Johnson

Johnson & Johnson Trading Down 0.2%

The firm has a market capitalization of $631.93 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 2.58 and a beta of 0.24. The business has a 50-day moving average of $233.72 and a two-hundred day moving average of $231.26. The company has a quick ratio of 0.77, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

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

Johnson & Johnson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Tuesday, May 26th were paid a $1.34 dividend. The ex-dividend date was Tuesday, May 26th. This is a positive change from Johnson & Johnson’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.0%. Johnson & Johnson’s dividend payout ratio is currently 61.97%.

Insider Buying and Selling

In related news, EVP Kathryn E. Wengel sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $241.15, for a total value of $2,411,500.00. Following the completion of the transaction, the executive vice president directly owned 114,288 shares of the company’s stock, valued at $27,560,551.20. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson & Johnson

Hedge funds have recently made changes to their positions in the business. Adelphi Trust Co grew its stake in shares of Johnson & Johnson by 23.3% in the 2nd quarter. Adelphi Trust Co now owns 1,855 shares of the company’s stock valued at $471,000 after purchasing an additional 351 shares during the period. Eastern Bank lifted its position in shares of Johnson & Johnson by 125.2% during the 2nd quarter. Eastern Bank now owns 145,368 shares of the company’s stock worth $36,919,000 after buying an additional 80,814 shares during the period. Roxbury Financial LLC lifted its position in shares of Johnson & Johnson by 2.4% during the 2nd quarter. Roxbury Financial LLC now owns 4,762 shares of the company’s stock worth $1,209,000 after buying an additional 110 shares during the period. Global Wealth Strategies & Associates boosted its stake in Johnson & Johnson by 3.6% in the 2nd quarter. Global Wealth Strategies & Associates now owns 2,006 shares of the company’s stock valued at $510,000 after buying an additional 69 shares in the last quarter. Finally, Hamilton Wealth LLC grew its position in Johnson & Johnson by 8.9% in the first quarter. Hamilton Wealth LLC now owns 1,221 shares of the company’s stock valued at $298,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 69.55% of the company’s stock.

Johnson & Johnson Company Profile

(Get 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.

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