Kathmere Capital Management LLC Buys 4,198 Shares of Johnson & Johnson $JNJ

Kathmere Capital Management LLC boosted its stake in shares of Johnson & Johnson (NYSE:JNJFree Report) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,466 shares of the company’s stock after purchasing an additional 4,198 shares during the quarter. Kathmere Capital Management LLC’s holdings in Johnson & Johnson were worth $6,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Johnson & Johnson by 13.9% during the 4th quarter. Brighton Jones LLC now owns 51,876 shares of the company’s stock worth $7,502,000 after purchasing an additional 6,332 shares in the last quarter. United Bank boosted its stake in Johnson & Johnson by 110.7% during the first quarter. United Bank now owns 9,279 shares of the company’s stock worth $1,539,000 after buying an additional 4,876 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Johnson & Johnson by 22.5% in the 1st quarter. Jones Financial Companies Lllp now owns 559,577 shares of the company’s stock valued at $91,864,000 after buying an additional 102,830 shares during the period. Modern Wealth Management LLC raised its stake in shares of Johnson & Johnson by 30.1% in the 1st quarter. Modern Wealth Management LLC now owns 40,596 shares of the company’s stock valued at $6,733,000 after buying an additional 9,392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Johnson & Johnson by 75.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 627 shares of the company’s stock worth $104,000 after acquiring an additional 269 shares during the period. Institutional investors own 69.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Johnson & Johnson from $212.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Johnson & Johnson in a report on Friday, October 31st. UBS Group reaffirmed a “buy” rating on shares of Johnson & Johnson in a research note on Monday. Barclays upped their price target on Johnson & Johnson from $197.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 30th. Finally, Cowen restated a “buy” rating on shares of Johnson & Johnson in a research note on Tuesday, October 14th. Four analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $213.33.

Read Our Latest Analysis on JNJ

Johnson & Johnson Price Performance

Shares of JNJ stock opened at $204.47 on Friday. Johnson & Johnson has a 52 week low of $140.68 and a 52 week high of $215.18. The stock has a market capitalization of $492.62 billion, a PE ratio of 19.74, a PEG ratio of 2.11 and a beta of 0.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.07. The stock’s fifty day moving average is $202.87 and its 200-day moving average is $184.52.

Johnson & Johnson (NYSE:JNJGet Free Report) last released its quarterly earnings results on Wednesday, August 30th. The company reported $2.26 earnings per share (EPS) for the quarter. Johnson & Johnson had a return on equity of 32.73% and a net margin of 27.26%.The business had revenue of $24.02 billion during the quarter. Johnson & Johnson has set its FY 2025 guidance at 10.800-10.900 EPS. Equities research analysts expect that Johnson & Johnson will post 10.58 EPS for the current fiscal year.

Johnson & Johnson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 24th. Johnson & Johnson’s dividend payout ratio is 50.19%.

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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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