Arvest Bank Trust Division Has $22.28 Million Stake in Johnson & Johnson (JNJ)
Arvest Bank Trust Division increased its holdings in shares of Johnson & Johnson (NYSE:JNJ) by 1.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 168,420 shares of the company’s stock after acquiring an additional 2,101 shares during the period. Johnson & Johnson makes up about 1.7% of Arvest Bank Trust Division’s portfolio, making the stock its 13th largest holding. Arvest Bank Trust Division’s holdings in Johnson & Johnson were worth $22,281,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of JNJ. Stokes & Hubbell Capital Management LLC increased its stake in shares of Johnson & Johnson by 5.3% in the 2nd quarter. Stokes & Hubbell Capital Management LLC now owns 97,608 shares of the company’s stock valued at $12,913,000 after purchasing an additional 4,924 shares in the last quarter. Pennsylvania Trust Co boosted its position in Johnson & Johnson by 21.2% during the second quarter. Pennsylvania Trust Co now owns 422,226 shares of the company’s stock worth $55,865,000 after purchasing an additional 73,975 shares in the last quarter. Hays Advisory LLC boosted its position in Johnson & Johnson by 5.4% during the second quarter. Hays Advisory LLC now owns 2,183 shares of the company’s stock worth $289,000 after purchasing an additional 112 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in Johnson & Johnson by 2.1% during the second quarter. Gateway Investment Advisers LLC now owns 1,484,213 shares of the company’s stock worth $196,347,000 after purchasing an additional 30,640 shares in the last quarter. Finally, Bouchey Financial Group Ltd boosted its position in Johnson & Johnson by 3.8% during the second quarter. Bouchey Financial Group Ltd now owns 3,288 shares of the company’s stock worth $435,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 65.90% of the company’s stock.
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In other news, VP Paulus Stoffels sold 102,692 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $133.14, for a total value of $13,672,412.88. Following the sale, the vice president now directly owns 230,342 shares in the company, valued at $30,667,733.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Dominic J. Caruso sold 82,591 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $136.72, for a total value of $11,291,841.52. Following the completion of the sale, the vice president now owns 226,693 shares in the company, valued at $30,993,466.96. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.
Johnson & Johnson (JNJ) traded up 0.56% during midday trading on Wednesday, reaching $132.84. 1,649,386 shares of the company traded hands. Johnson & Johnson has a 12 month low of $109.32 and a 12 month high of $137.08. The company’s 50-day moving average price is $132.27 and its 200 day moving average price is $129.78. The firm has a market capitalization of $356.54 billion, a PE ratio of 22.48 and a beta of 0.78.
Johnson & Johnson (NYSE:JNJ) last issued its quarterly earnings data on Tuesday, July 18th. The company reported $1.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.04. Johnson & Johnson had a return on equity of 26.76% and a net margin of 22.52%. The firm had revenue of $18.84 billion during the quarter, compared to the consensus estimate of $18.94 billion. During the same period in the previous year, the firm posted $1.74 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Johnson & Johnson will post $7.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 29th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Friday, August 25th. Johnson & Johnson’s dividend payout ratio (DPR) is presently 56.76%.
Several analysts have commented on the company. Zacks Investment Research raised Johnson & Johnson from a “sell” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies reaffirmed a “hold” rating and set a $120.00 target price on shares of Johnson & Johnson in a research note on Wednesday. UBS AG reiterated a “buy” rating and set a $148.00 target price on shares of Johnson & Johnson in a research report on Saturday. Citigroup Inc. assumed coverage on Johnson & Johnson in a research report on Monday, September 25th. They set a “neutral” rating and a $140.00 target price on the stock. Finally, Goldman Sachs Group, Inc. (The) cut shares of Johnson & Johnson from a “neutral” rating to a “sell” rating and lifted their price target for the company from $125.00 to $130.00 in a research note on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $134.79.
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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