Callan Family Office LLC Purchases 23,772 Shares of Johnson & Johnson $JNJ

Key Points

• Callan Family Office LLC increased its holdings in Johnson & Johnson by 73.5%, acquiring an additional 23,772 shares in the second quarter, now owning a total of 56,136 shares valued at approximately $8.57 million.
• Johnson & Johnson recently declared a quarterly dividend of $1.30 per share, translating to an annualized dividend of $5.20 and a yield of 2.7%.
• Multiple analysts have set new price targets for Johnson & Johnson, with the consensus target price now at $192.94, reflecting a generally positive outlook for the stock.

Callan Family Office LLC lifted its position in Johnson & Johnson (NYSE:JNJ - Free Report) by 73.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,136 shares of the company's stock after acquiring an additional 23,772 shares during the quarter. Callan Family Office LLC's holdings in Johnson & Johnson were worth $8,575,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Johnson & Johnson by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 233,962,679 shares of the company's stock worth $38,800,371,000 after buying an additional 1,170,120 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Johnson & Johnson by 0.4% in the 1st quarter. Northern Trust Corp now owns 30,943,820 shares of the company's stock worth $5,131,723,000 after buying an additional 130,645 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Johnson & Johnson by 26.4% in the 1st quarter. Bank of New York Mellon Corp now owns 23,182,464 shares of the company's stock worth $3,844,580,000 after buying an additional 4,842,582 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Johnson & Johnson by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,899,263 shares of the company's stock worth $3,133,602,000 after buying an additional 712,181 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Johnson & Johnson by 2.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,282,410 shares of the company's stock worth $3,031,955,000 after buying an additional 448,666 shares during the last quarter. Institutional investors own 69.55% of the company's stock.

Johnson & Johnson Trading Down 0.2%

Shares of Johnson & Johnson stock opened at $190.66 on Friday. Johnson & Johnson has a 12-month low of $140.68 and a 12-month high of $192.10. The company has a market cap of $459.16 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.40 and a beta of 0.40. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The company's 50-day moving average price is $178.48 and its 200-day moving average price is $163.77.

Johnson & Johnson (NYSE:JNJ - Get Free Report) last announced its quarterly earnings results on Wednesday, August 30th. The company reported $2.26 earnings per share (EPS) for the quarter. Johnson & Johnson had a net margin of 25.00% and a return on equity of 32.49%. The firm had revenue of $24.02 billion for the quarter. On average, equities analysts expect that Johnson & Johnson will post 10.58 earnings per share for the current fiscal year.

Johnson & Johnson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, August 26th were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 26th. Johnson & Johnson's dividend payout ratio is presently 55.61%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on JNJ shares. Erste Group Bank raised shares of Johnson & Johnson from a "hold" rating to a "buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $209.00 price objective on shares of Johnson & Johnson in a report on Friday. UBS Group set a $198.00 price objective on shares of Johnson & Johnson in a report on Friday, October 3rd. Morgan Stanley upped their price objective on shares of Johnson & Johnson from $176.00 to $178.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Bank of America upped their price objective on shares of Johnson & Johnson from $175.00 to $198.00 and gave the company a "neutral" rating in a report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Johnson & Johnson has an average rating of "Moderate Buy" and a consensus target price of $192.94.

Insider Activity

In other news, EVP Jennifer L. Taubert sold 56,471 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $177.81, for a total value of $10,041,108.51. Following the sale, the executive vice president directly owned 178,013 shares of the company's stock, valued at approximately $31,652,491.53. This represents a 24.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company's stock.

Johnson & Johnson Company Profile

Johnson & Johnson is a holding company, which engages in the research, development, manufacture, and sale of products in the healthcare field. It operates through the Innovative Medicine and MedTech segments. The Innovative Medicine segment focuses on immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolism, and pulmonary hypertension.

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