Mcmillion Capital Management Inc. Cuts Holdings in Johnson & Johnson (JNJ)

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Mcmillion Capital Management Inc. lowered its stake in shares of Johnson & Johnson (NYSE:JNJ) by 1.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,948 shares of the company’s stock after selling 577 shares during the period. Johnson & Johnson makes up approximately 2.7% of Mcmillion Capital Management Inc.’s portfolio, making the stock its 9th biggest holding. Mcmillion Capital Management Inc.’s holdings in Johnson & Johnson were worth $4,607,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JNJ. Enterprise Financial Services Corp increased its stake in Johnson & Johnson by 2.4% during the 4th quarter. Enterprise Financial Services Corp now owns 15,075 shares of the company’s stock worth $2,106,000 after buying an additional 358 shares during the period. Welch Investments LLC increased its stake in Johnson & Johnson by 1.0% during the 4th quarter. Welch Investments LLC now owns 35,981 shares of the company’s stock worth $5,027,000 after buying an additional 373 shares during the period. YHB Investment Advisors Inc. increased its stake in Johnson & Johnson by 0.5% during the 4th quarter. YHB Investment Advisors Inc. now owns 76,534 shares of the company’s stock worth $10,693,000 after buying an additional 381 shares during the period. Franklin Parlapiano Turner & Welch LLC increased its stake in Johnson & Johnson by 1.0% during the 4th quarter. Franklin Parlapiano Turner & Welch LLC now owns 38,387 shares of the company’s stock worth $5,363,000 after buying an additional 382 shares during the period. Finally, Regent Investment Management LLC increased its stake in Johnson & Johnson by 0.8% during the 4th quarter. Regent Investment Management LLC now owns 47,171 shares of the company’s stock worth $6,591,000 after buying an additional 385 shares during the period. 65.97% of the stock is currently owned by institutional investors.

NYSE JNJ opened at $121.34 on Monday. Johnson & Johnson has a one year low of $118.62 and a one year high of $148.32. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $325.54 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73.

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings results on Tuesday, April 17th. The company reported $2.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.00 by $0.06. Johnson & Johnson had a net margin of 1.58% and a return on equity of 30.65%. The business had revenue of $20.01 billion during the quarter, compared to analyst estimates of $19.50 billion. During the same period in the previous year, the business posted $1.83 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. equities analysts forecast that Johnson & Johnson will post 8.13 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 12th. Stockholders of record on Tuesday, May 29th were issued a $0.90 dividend. The ex-dividend date of this dividend was Friday, May 25th. This is a positive change from Johnson & Johnson’s previous quarterly dividend of $0.84. This represents a $3.60 annualized dividend and a dividend yield of 2.97%. Johnson & Johnson’s payout ratio is 49.32%.

Several research firms recently issued reports on JNJ. Stifel Nicolaus dropped their price target on shares of Johnson & Johnson from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Wednesday, April 18th. Sanford C. Bernstein began coverage on shares of Johnson & Johnson in a research note on Wednesday, June 27th. They set a “market perform” rating and a $129.00 price target on the stock. Zacks Investment Research raised shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Wednesday, April 11th. Jefferies Financial Group set a $161.00 price objective on shares of Johnson & Johnson and gave the stock a “buy” rating in a report on Friday, March 23rd. Finally, Citigroup decreased their price objective on shares of Johnson & Johnson from $146.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, April 23rd. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $141.60.

About Johnson & Johnson

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

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