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Johnson & Johnson (NYSE:JNJ – Get Rating) – Equities research analysts at SVB Leerink upped their Q1 2023 EPS estimates for shares of Johnson & Johnson in a note issued to investors on Wednesday, January 25th. SVB Leerink analyst D. Risinger now forecasts that the company will earn $2.53 per share for the quarter, up from their previous estimate of $2.47. SVB Leerink has a “Outperform” rating and a $186.00 price objective on the stock. The consensus estimate for Johnson & Johnson’s current full-year earnings is $10.65 per share. SVB Leerink also issued estimates for Johnson & Johnson’s Q2 2023 earnings at $2.59 EPS, Q3 2023 earnings at $2.80 EPS, Q4 2023 earnings at $2.69 EPS, FY2023 earnings at $10.61 EPS, Q3 2024 earnings at $2.94 EPS, Q4 2024 earnings at $2.87 EPS, FY2024 earnings at $10.92 EPS, FY2025 earnings at $11.35 EPS and FY2026 earnings at $11.92 EPS.

Other equities analysts have also recently issued research reports about the stock. Raymond James lowered their price objective on shares of Johnson & Johnson from $192.00 to $185.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 19th. Sanford C. Bernstein lowered their price objective on shares of Johnson & Johnson from $194.00 to $190.00 in a research note on Wednesday, October 19th. Atlantic Securities increased their price objective on shares of Johnson & Johnson from $160.00 to $168.00 and gave a ut “ral stock ” rating in a research note on Wednesday. Bank of America lowered their price objective on shares of Johnson & Johnson from $185.00 to $178.00 and set a “neutral” rating on the stock in a research note on Friday, October 14th. Finally, StockNews. com began coverage on shares of Johnson & Johnson in a research note on Wednesday, October 12th. They set a “strong-buy” rating on the stock. Seven equities research analysts have rated the s tock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $182.75 .

Johnson & Johnson Stock Performance

Shares of NYSE JNJ opened at $168.89 on Friday. The firm’s 50-day moving average price is $175.90 and its 200-day moving average price is $171.04. The company has a quick ratio of 1.18, a current ratio of 1.43 and a debt-to -equity ratio of 0.37. The company has a market cap of $441.56 billion, a PE ratio of 25.06, a PEG ratio of 2.99 and a beta of 0.56. Johnson & Johnson has a 52-week low of $155.72 and a 52-week high of $186.69.

Johnson & Johnson (NYSE:JNJ – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $2.35 EPS for the quarter, beating the consensus estimate of $2.22 by $0.13. Johnson & Johnson had a net margin of 18.9 % and a return on equity of 35.94%. The company had revenue of $23.71 billion for the quarter, compared to the consensus estimate of $23.90 billion. During the same period in the prior year, the firm posted $2.13 EPS. Johnson & Johnson’s revenue for The quarter was down 4.4% on a year-over-year basis.

Institutional Trading of Johnson & Johnson

Several institutional investors and hedge funds have recently made changes to their positions in JNJ. Vanguard Group Inc. raised its holdings in Johnson & Johnson by 1.2% in the third quarter. purchasing an additional 2,815,655 shares in the last quarter. State Street Corp grew its stake in shares of Johnson & Johnson by 0.6% during the third quarter. State Street Corp now owns 141,886,311 shares of the company’s stock worth $23,178,548,000 after acquiring an additional 803,013 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Johnson & Johnson by 3.3% during the third quarter. Price T Rowe Associates Inc. MD now owns 25,428,626 shares of the company’s stock worth $4,154,022,000 after 8 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Johnson & Johnson by 2.3% during the second qua rter. Legal & General Group Plc now owns 18,839,914 shares of the company’s stock worth $3,344,295,000 after acquiring an additional 421,779 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Johnson & Johnson by 20.8% during the second quarter. FMR LLC now owns 18,725,049 shares of the company’s stock worth $3,323,883,000 after acquiring an additional 3,229,032 shares during the last quarter. 67.94% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Johnson & Johnson news, VP Thibaut Mongon sold 35,246 shares of Johnson & Johnson 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 completion transaction, the vice president now directly 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 Securities & Exchange Commission, which can be accessed through this link. In other news, EEVP. Wengel sold 16,410 shares of Johnson & Johnson stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $173.42, for a total transaction of $2,845,822.20. Following the completion of the sale, the executive own vice irly president now 71,311 shares in the company, valued at $12,366,753.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thibaut Mongon sold 35,246 shares of Johnson & Johnson stock in a transaction on Friday, November 4th. The stock was sold at an average price of $171.18, for a total value of $6,033,410.28. Following the sale, the vice president now owns 40,133 shares of the stock company’s , valued at $6,869,966.94. The disclosure for this sale can be found here. Insiders sold 233,611 shares of company stock valued at $40,960,735 over the last three months. 0.35% of the stock is owned by company insiders.

Johnson & Johnson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Tuesday, February 21st will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield% of 2.68 The ex-dividend date is Friday, February 17th. Johnson & Johnson’s payout ratio is 67.06%.

Johnson & Johnson Company Profile

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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.

Further Reading

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