Wooster Corthell Wealth Management Inc. Invests $394000 in Johnson & Johnson (JNJ) Stock

14 October, 2017, 02:15 | Author: Wade Massey
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The stock increased 0.68% or $0.34 during the last trading session, reaching $50.07. Similarly, investors look up the share price over 12 month periods. The price to earnings ratio for Johnson & Johnson (NYSE:JNJ) is 21.889344. It has underperformed by 4.14% the S&P500.

Guggenheim Capital Llc decreased its stake in Johnson & Johnson (JNJ) by 2.87% based on its latest 2017Q2 regulatory filing with the SEC.

Johnson & Johnson (JNJ)'s mean Altman Z-Score: 4.75 during the last 7 years. State Street Corp now owns 160,223,321 shares of the company's stock valued at $19,955,806,000 after purchasing an additional 6,656,371 shares in the last quarter. The stock declined 0.01% or $0.02 reaching $136.84 on the news.

About 703,123 shares traded. The Price Index 12m for Johnson & Johnson (NYSE:JNJ) is 1.1394. Following the transaction, the vice president now owns 230,342 shares of the company's stock, valued at approximately $30,667,733.88. Metlife Inc (NYSE:MET) was raised too. Vetr upgraded shares of Johnson & Johnson from a "hold" rating to a "buy" rating and set a $132.33 price objective on the stock in a research note on Thursday, May 18th. Therefore 52% are positive. On average, analysts forecast that Johnson & Johnson will post $7.18 EPS for the current fiscal year. The analysts estimated sales for the higher end at 20202 million and lower end at 19403 million while the year ago reported sale was 19363.9 million. Goldman Sachs downgraded Johnson & Johnson (NYSE:JNJ) rating on Wednesday, September 20. The firm has "Outperform" rating given on Friday, July 31 by RBC Capital Markets. Finally, UBS AG reiterated a "buy" rating and set a $148.00 target price (up previously from $136.00) on shares of Johnson & Johnson in a research report on Wednesday, July 19th. About shares traded. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since October 13, 2016 and is uptrending. Johnson & Johnson (NYSE:JNJ) has risen 12.54% since October 12, 2016 and is uptrending. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Finally, BidaskClub upgraded Johnson & Johnson from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 17th. The rating was maintained by Jefferies with "Hold" on Tuesday, March 15.

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It will be interesting to watch today's trading of shares of Johnson & Johnson (NYSE:JNJ) as Jefferies & Co upped the stock from a Hold to a respectable Buy.

Institutional investors own 67.90% stake in the company while Beta factor, which is used to measure riskiness of the security, was 0.80. Its down 0.03, from 0.86 in 2017Q1. Moon Capital Management Llc acquired 181 shares as Johnson & Johnson (JNJ)'s stock rose 6.85%.

Several other hedge funds also recently made changes to their positions in JNJ. Iron Limited Co reported 0.44% stake. Rothschild Inv Il holds 0.8% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 53,513 shares. Hamel Associates accumulated 4.6% or 69,145 shares. Lpl Limited Liability Corp holds 0.37% or 745,815 shares. D E Shaw And owns 0.8% invested in Johnson & Johnson (NYSE:JNJ) for 3.66 million shares. Northeast Financial Consultants Incorporated has 22,600 shares.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 12 have Buy rating, 5 Sell and 6 Hold. Old Dominion Cap Mgmt Inc owns 5,983 shares for 0.83% of their portfolio. Primecap Management Com Ca has 941,975 shares for 0.11% of their portfolio. 6,714 were reported by Hudock Cap Grp Lc. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Johnson & Johnson by 241.0% in the 1st quarter. If the ratio is greater than 1, then that means there has been an increase in price over the month. The Price to Book ratio for Johnson & Johnson NYSE:JNJ is 4.97153. Eqis Mgmt accumulated 0.19% or 25,396 shares. Sandy Spring National Bank & Trust stated it has 115,305 shares. It also reduced Primerica Inc (NYSE:PRI) stake by 62,630 shares and now owns 154,115 shares. Alliancebernstein LP stated it has 216,034 shares. Advisory Ntwk Limited Liability invested 0% in Flowserve Corp (NYSE:FLS). The shares price has positioned 3.19% up over the past quarter while it has directed 9.47% toward a rising position throughout past six months. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. Therefore 94% are positive. The Home Depot Inc. had 77 analyst reports since August 19, 2015 according to SRatingsIntel. JP Morgan maintained the shares of BABA in report on Tuesday, June 27 with "Overweight" rating. The rating was maintained by RBC Capital Markets on Wednesday, October 7 with "Outperform". The correct version of this report can be read at https://stocknewstimes.com/2017/10/13/wooster-corthell-wealth-management-inc-invests-394000-in-johnson-johnson-jnj-stock.html. The company now has an average rating of Hold and a consensus price target of $135.98. The firm earned "Buy" rating on Friday, January 29 by Brean Capital. As per Monday, September 25, the company rating was initiated by Citigroup.


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