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Johnson & Johnson (NYSE:JNJ – Get Rating) – Cantor Fitzgerald increased their FY2023 earnings per share estimates for Johnson & Johnson in a research note issued on Wednesday, January 25th. Cantor Fitzgerald analyst L. Chen now expects that the company will post earnings of $10.45 per share for the year, up from their prior estimate of $9.49. The consensus estimate for Johnson & Johnson’s current full-year earnings is $10.51 per share.
Johnson & Johnson (NYSE:JNJ – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.13. The business11 of had revenue7 billion for the quarter, compared to the consensus estimate of $23.90 billion. Johnson & Johnson had a return on equity of 35.94% and a net margin of 18.90%. Johnson & Johnson’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 earnings per share.
JNJ has been the subject of a number of other research reports. Atlantic Securities boosted their price target on Johnson & Johnson from $160.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 25th. Morgan Stanley boosted their price objective on Johnson & Johnson from $176.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 25th. SVB Leerink cut their price objective on Johnson & Johnson from $194.00 to $186.00 and set an “outperform” rating for the company in a research report on Friday, January 20th. Barclays assumed coverage on Johnson & Johnson in a research note on Monday, October 17th. They set an “equal weight” rating and a $175.00 price target on the stock. Finally, Citigroup boosted their price target on Johnson & Johnson from $198.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, December 12th. Seven research analysts have rated the stock with a hold rat ing, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.75.
Johnson & Johnson Price Performance
JNJ opened at $168.23 on Monday. Johnson & Johnson has a 1 year low of $155.72 and a 1 year high of $186.69. The stock has a fifty day moving average price of $175.63 and a 200 day moving average price of $170.93. The stock has a market cap of $439.83 billion, a price-to-earnings ratio of 24.96, a PEG ratio of 2.89 and a beta of 0.56. The company has a current ratio of 1.43, a quick ratio of 1.18 and a debt-to-equity ratio of 0.37.
Johnson & Johnson Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Stockholders of record on Tuesday, February 21st will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, February 17th. a $4.52 annualized dividend and a dividend yield of 2.69%. Johnson & Johnson’s dividend payout ratio is presently 67.06%.
Insider Transactions at Johnson & Johnson
In other Johnson & Johnson news, VP Thibaut Mongon sold 35,246 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $171.18, for a total transaction of $6,033,410.28. Following the ice sale The president now owns 40,133 shares of the company’s stock, valued at $6,869,966.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. on Friday, November 4th. The shares were sold at an average price of $171.18, for a total value of $6,033,410.28. Following the transaction, the vice president now owns 40,133 shares in the company, valued at $6,869,966.94. The transaction was filed with the SEC, which is available through this link. Also, EVP Kathryn E. Wengel sold 16,410 shares of the company’s stock in a transaction dated Wednesday, November 9th. The shares were so ld at an average price of $173.42, for a total transaction of $2,845,822.20. Following the transaction, the executive vice president now owns 71,311 shares in the company, valued at approximately $12,366,753.62. days, insiders have sold 233,611 shares of company stock valued at $40,960,735. 0.35% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Johnson & Johnson
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Morton Brown Family Wealth LLC grew its position in Johnson & Johnson by 78.0% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 178 shares of the company’ stock worth $32,000 after purchasing an additional 78 shares in the last quarter. Glassy Mountain Advisors Inc. bought a new stake in Johnson & Johnson in the 4th quarter worth about $35,000. Goodman Advisory Group LLC bought a new stake in Johnson & Johnson in the 2nd quarter worth about $39,000. Retirement Financial Solutions LLC bought a new stake in Johnson & Johnson in the 4th quarter worth about $40,000. Finally, TD Capital Management LLC bought a new stake in Johnson & Johnson in the 3rd quarter worth about $46.70 the stock is owned by institutional investors.
About Johnson & Johnson
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Johnson & Johnson is a holding company, which engages in the research and development, manufacture and sale of products in the health care field. It operates through the following segments: Consumer Health, Pharmaceutical, and Medical Devices. The Consumer Health segment includes products used in the baby care, oral care, beauty, over-the-counter pharmaceutical, women’s health, and wound care markets.
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