SteelPeak Wealth LLC Boosts Stake in Johnson & Johnson $JNJ

Key Points

• SteelPeak Wealth LLC boosted its stake — it raised holdings in Johnson & Johnson by 8.8% in Q4, buying 6,810 shares to own 84,071 shares valued at about $17.4 million.
• Insiders have been selling recently — two EVPs sold a combined ~28,820 shares in mid‑February and insiders disposed of 30,142 shares worth $7.36 million over the last 90 days, leaving insiders with 0.16% ownership.
• Wall Street remains broadly positive — several firms raised price targets (e.g., HSBC to $280, Citi to $274) and the consensus rating is "Moderate Buy" with a $236.91 target.

SteelPeak Wealth LLC raised its position in Johnson & Johnson (NYSE:JNJ - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,071 shares of the company's stock after buying an additional 6,810 shares during the period. SteelPeak Wealth LLC's holdings in Johnson & Johnson were worth $17,398,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of Johnson & Johnson by 3.8% during the 3rd quarter. Wellington Management Group LLP now owns 25,832,777 shares of the company's stock valued at $4,789,914,000 after acquiring an additional 956,239 shares during the period. Bank of New York Mellon Corp grew its position in shares of Johnson & Johnson by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,637,649 shares of the company's stock valued at $4,568,313,000 after acquiring an additional 835,146 shares during the period. Legal & General Group Plc grew its position in shares of Johnson & Johnson by 2.8% during the 3rd quarter. Legal & General Group Plc now owns 19,450,064 shares of the company's stock valued at $3,606,431,000 after acquiring an additional 532,790 shares during the period. Amundi grew its position in shares of Johnson & Johnson by 19.3% during the 3rd quarter. Amundi now owns 13,354,936 shares of the company's stock valued at $2,512,719,000 after acquiring an additional 2,163,838 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of Johnson & Johnson by 7.3% during the 3rd quarter. Raymond James Financial Inc. now owns 10,137,651 shares of the company's stock valued at $1,879,718,000 after acquiring an additional 690,887 shares during the period. Hedge funds and other institutional investors own 69.55% of the company's stock.

Insider Activity at Johnson & Johnson

In related news, EVP Vanessa Broadhurst sold 6,197 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.39, for a total transaction of $1,508,287.83. Following the completion of the transaction, the executive vice president owned 23,003 shares of the company's stock, valued at approximately $5,598,700.17. The trade was a 21.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Schmid sold 22,623 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $244.33, for a total transaction of $5,527,477.59. Following the transaction, the executive vice president directly owned 26,769 shares of the company's stock, valued at approximately $6,540,469.77. This represents a 45.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 30,142 shares of company stock valued at $7,360,528. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JNJ. HSBC increased their target price on shares of Johnson & Johnson from $265.00 to $280.00 and gave the company a "buy" rating in a research report on Tuesday, March 17th. Wolfe Research lifted their target price on shares of Johnson & Johnson from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Monday, January 5th. Citigroup lifted their target price on shares of Johnson & Johnson from $250.00 to $274.00 and gave the stock a "buy" rating in a research note on Wednesday, March 11th. TD Cowen lifted their target price on shares of Johnson & Johnson from $222.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, January 22nd. Finally, Scotiabank reiterated an "outperform" rating on shares of Johnson & Johnson in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $236.91.

Johnson & Johnson Price Performance

Shares of NYSE:JNJ opened at $240.87 on Tuesday. The company has a 50 day moving average of $240.25 and a 200 day moving average of $213.73. The stock has a market cap of $580.15 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.41 and a beta of 0.34. Johnson & Johnson has a 12 month low of $141.50 and a 12 month high of $251.71. The company has a current ratio of 1.03, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48.

Johnson & Johnson (NYSE:JNJ - Get Free Report) last issued its quarterly earnings data on Saturday, January 31st. The company reported $2.46 EPS for the quarter. The company had revenue of $24.28 billion during the quarter. Johnson & Johnson had a net margin of 28.46% and a return on equity of 33.04%. As a group, sell-side analysts forecast that Johnson & Johnson will post 10.58 EPS for the current fiscal year.

Johnson & Johnson Company Profile

Johnson & Johnson is a multinational healthcare company headquartered in New Brunswick, New Jersey, that develops, manufactures and markets a broad range of products across pharmaceuticals, medical devices and previously consumer health. Founded in 1886 by the Johnson family, the company has grown into a global healthcare organization with operations and sales in many countries around the world.

The company's pharmaceuticals business, organized largely under its Janssen research and development organization, focuses on prescription medicines across therapeutic areas such as immunology, infectious disease, oncology and neuroscience.

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