Ronald A. Kapusta Sells 8,441 Shares of Johnson & Johnson (JNJ) Stock

Johnson & Johnson (NYSE:JNJ) CAO Ronald A. Kapusta sold 8,441 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $145.15, for a total transaction of $1,225,211.15. Following the transaction, the chief accounting officer now owns 17,284 shares of the company’s stock, valued at $2,508,772.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NYSE:JNJ traded up $0.04 during midday trading on Friday, hitting $145.34. The company had a trading volume of 5,343,128 shares, compared to its average volume of 7,006,641. Johnson & Johnson has a 52-week low of $118.62 and a 52-week high of $148.32. The firm has a market capitalization of $382.50 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.23 and a beta of 0.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.40 and a current ratio of 1.72.

Johnson & Johnson (NYSE:JNJ) last announced its earnings results on Tuesday, October 16th. The company reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.02. Johnson & Johnson had a net margin of 1.89% and a return on equity of 34.62%. The company had revenue of $20.35 billion during the quarter, compared to analyst estimates of $20.05 billion. During the same period in the previous year, the business earned $1.90 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts forecast that Johnson & Johnson will post 8.16 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Tuesday, November 27th will be given a $0.90 dividend. The ex-dividend date is Monday, November 26th. This represents a $3.60 annualized dividend and a yield of 2.48%. Johnson & Johnson’s dividend payout ratio (DPR) is presently 49.32%.

JNJ has been the subject of a number of recent analyst reports. Raymond James boosted their price target on shares of Johnson & Johnson from $144.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. Credit Suisse Group boosted their price target on shares of Johnson & Johnson from $149.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. Goldman Sachs Group upgraded shares of Johnson & Johnson from a “sell” rating to a “neutral” rating in a research report on Thursday, July 12th. Citigroup upped their target price on shares of Johnson & Johnson from $137.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, October 22nd. Finally, ValuEngine upgraded shares of Johnson & Johnson from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Johnson & Johnson presently has an average rating of “Hold” and an average target price of $142.54.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Gravity Wealth Inc. bought a new position in shares of Johnson & Johnson during the first quarter valued at about $105,000. Selective Wealth Management bought a new position in shares of Johnson & Johnson during the third quarter valued at about $105,000. CSat Investment Advisory L.P. bought a new position in shares of Johnson & Johnson during the second quarter valued at about $107,000. WP Advisors LLC bought a new position in shares of Johnson & Johnson during the second quarter valued at about $108,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Johnson & Johnson during the second quarter valued at about $117,000. Institutional investors and hedge funds own 66.60% of the company’s stock.

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Johnson & Johnson Company Profile

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. Its Consumer segment offers baby care products under the JOHNSON'S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand.

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