Mission Financial Group LLC Makes New $615,000 Investment in Johnson & Johnson $JNJ

Mission Financial Group LLC purchased a new position in shares of Johnson & Johnson (NYSE:JNJFree Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,422 shares of the company’s stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Elefante Mark B increased its stake in Johnson & Johnson by 9.8% in the second quarter. Elefante Mark B now owns 28,686 shares of the company’s stock valued at $7,285,000 after purchasing an additional 2,563 shares during the last quarter. LM Advisors LLC boosted its stake in Johnson & Johnson by 309.2% in the 2nd quarter. LM Advisors LLC now owns 9,022 shares of the company’s stock worth $2,291,000 after buying an additional 6,817 shares during the last quarter. First Nebraska Trust Co grew its holdings in Johnson & Johnson by 1.2% in the 2nd quarter. First Nebraska Trust Co now owns 67,346 shares of the company’s stock valued at $17,104,000 after buying an additional 802 shares during the period. Bank of Nova Scotia grew its holdings in Johnson & Johnson by 16.4% in the 2nd quarter. Bank of Nova Scotia now owns 886,454 shares of the company’s stock valued at $225,132,000 after buying an additional 124,651 shares during the period. Finally, Kirtland Hills Capital Management LLC increased its stake in shares of Johnson & Johnson by 2.0% during the 2nd quarter. Kirtland Hills Capital Management LLC now owns 4,295 shares of the company’s stock valued at $1,091,000 after acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.

Johnson & Johnson News Roundup

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JNJ. Bank of America raised their target price on shares of Johnson & Johnson from $254.00 to $263.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Wall Street Zen lowered shares of Johnson & Johnson from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company increased their price target on shares of Johnson & Johnson from $272.00 to $282.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Raymond James Financial set a $280.00 price objective on shares of Johnson & Johnson in a research note on Monday, August 3rd. Finally, Scotiabank restated an “outperform” rating and set a $305.00 price objective on shares of Johnson & Johnson in a report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.83.

View Our Latest Research Report on Johnson & Johnson

Johnson & Johnson Stock Performance

Johnson & Johnson stock opened at $275.12 on Friday. Johnson & Johnson has a 12-month low of $173.33 and a 12-month high of $281.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.09 and a quick ratio of 0.81. The company has a market capitalization of $663.01 billion, a price-to-earnings ratio of 31.88, a price-to-earnings-growth ratio of 2.66 and a beta of 0.24. The firm’s fifty day moving average price is $261.98 and its 200 day moving average price is $245.07.

Johnson & Johnson (NYSE:JNJGet Free Report) last announced its earnings results on Wednesday, July 15th. The company reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.06. Johnson & Johnson had a return on equity of 32.42% and a net margin of 21.48%.The company had revenue of $25.31 billion during the quarter, compared to the consensus estimate of $25.06 billion. During the same period last year, the firm earned $2.77 earnings per share. The company’s revenue was up 6.6% on a year-over-year basis. Johnson & Johnson has set its FY 2026 guidance at 11.600-11.750 EPS. On average, research analysts forecast that Johnson & Johnson will post 11.61 EPS for the current fiscal year.

Johnson & Johnson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $1.34 per share. The ex-dividend date is Tuesday, August 25th. This represents a $5.36 annualized dividend and a yield of 1.9%. Johnson & Johnson’s payout ratio is presently 62.11%.

Insider Buying and Selling

In other news, EVP Elizabeth Forminard sold 15,918 shares of Johnson & Johnson stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $257.00, for a total value of $4,090,926.00. Following the completion of the transaction, the executive vice president directly owned 16,994 shares of the company’s stock, valued at approximately $4,367,458. The trade was a 48.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Taubert sold 15,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $263.36, for a total transaction of $3,950,400.00. Following the sale, the executive vice president owned 194,451 shares in the company, valued at approximately $51,210,615.36. This trade represents a 7.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 97,569 shares of company stock worth $25,476,044. Company insiders own 0.16% of the company’s stock.

Johnson & Johnson Company 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.

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

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