Canal Capital Management LLC Raises Holdings in Johnson & Johnson (JNJ)

Canal Capital Management LLC raised its stake in shares of Johnson & Johnson (NYSE:JNJ) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,938 shares of the company’s stock after buying an additional 2,304 shares during the period. Johnson & Johnson comprises about 1.3% of Canal Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Canal Capital Management LLC’s holdings in Johnson & Johnson were worth $2,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Harding Loevner LP bought a new position in Johnson & Johnson in the 2nd quarter worth $106,000. IHT Wealth Management LLC raised its holdings in Johnson & Johnson by 46.4% in the 2nd quarter. IHT Wealth Management LLC now owns 10,942 shares of the company’s stock worth $122,000 after acquiring an additional 3,467 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in Johnson & Johnson in the 2nd quarter worth $124,000. Cerebellum GP LLC bought a new position in Johnson & Johnson in the 4th quarter worth $166,000. Finally, Lenox Wealth Management Inc. raised its holdings in Johnson & Johnson by 1.7% in the 2nd quarter. Lenox Wealth Management Inc. now owns 1,457 shares of the company’s stock worth $193,000 after acquiring an additional 24 shares during the period. 67.23% of the stock is owned by institutional investors.

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Several research analysts recently commented on JNJ shares. Vetr upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $150.89 target price on the stock in a report on Thursday, January 11th. Royal Bank of Canada reiterated a “buy” rating on shares of Johnson & Johnson in a report on Tuesday, January 9th. Jefferies Group set a $165.00 target price on shares of Johnson & Johnson and gave the stock a “buy” rating in a report on Monday, February 26th. Zacks Investment Research upgraded shares of Johnson & Johnson from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a report on Wednesday, March 28th. Finally, TheStreet downgraded shares of Johnson & Johnson from an “a” rating to a “c+” rating in a report on Monday, March 26th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $144.03.

In other news, VP Paulus Stoffels sold 155,342 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $129.86, for a total transaction of $20,172,712.12. Following the transaction, the vice president now owns 357,906 shares in the company, valued at approximately $46,477,673.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.

NYSE:JNJ opened at $131.76 on Tuesday. Johnson & Johnson has a 52-week low of $120.95 and a 52-week high of $148.32. The company has a current ratio of 1.41, a quick ratio of 1.12 and a debt-to-equity ratio of 0.51. The stock has a market cap of $350,440.66, a PE ratio of 18.05, a P/E/G ratio of 2.08 and a beta of 0.74.

Johnson & Johnson (NYSE:JNJ) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.02. Johnson & Johnson had a net margin of 1.70% and a return on equity of 29.00%. The company had revenue of $20.20 billion for the quarter, compared to the consensus estimate of $20.08 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. research analysts expect that Johnson & Johnson will post 8.11 earnings per share for the current year.

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Johnson & Johnson Company Profile

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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