Johnson & Johnson Stock Dips Despite Q1 Earnings Beat

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The Company expects to record pre-tax restructuring charges of approximately $1.9 billion to $2.3 billion, which will be treated as a special item. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Johnson & Johnson during the 2nd quarter valued at $124,000. The stock increased 0.87% or $1.14 during the last trading session, reaching $131.76. (NYSE:NYCB) has declined 8.14% since April 17, 2017 and is downtrending. Patriot Wealth Management invested 1.93% of its capital in Johnson & Johnson (NYSE:JNJ).

Rathbone Brothers plc trimmed its position in shares of Johnson & Johnson (NYSE:JNJ) by 3.1% during the 4th quarter, according to the company in its most recent filing with the SEC. IHT Wealth Management LLC increased its holdings in Johnson & Johnson by 46.4% in the 2nd quarter. Johnson & Johnson now has $353.47B valuation.

JNJ shares were up 0.7% to $132.74 apiece today in pre-market trading. About 6.38M shares traded. The stock underperformed the S&P 500 by 10.43%.

Investors sentiment increased to 0.87 in 2017 Q4. That's change of 0.04, from 2017Q3's 0.83. 35 investors sold all, 884 reduced holdings as JNJ ratio improved. Mitchell Mgmt holds 0.13% or 2,636 shs. Fort Washington Invest Advsr Oh has 1.16 million shares for 1.6% of their portfolio. Moreover, American Century Companies Incorporated has 1.04% invested in Johnson & Johnson (NYSE:JNJ). Jfs Wealth Advsr Ltd Limited Liability Company has 24,504 shares. Lord Abbett & Llc holds 0.91% in Johnson & Johnson (NYSE:JNJ) or 2.28M shares. Hedeker Wealth Ltd Liability Corporation owns 20,254 shares or 2.2% of their U.S. portfolio.

Johnson & Johnson (NYSE:JNJ) revealed net income for the first quarter of $ 4.37 billion or $ 1.60 per share, compared to income of $ 4.42 billion or $ 1.61 per share, in the year-ago period. 52,767 are owned by Stonebridge Lc. Synovus Fincl reported 287,346 shares or 0.7% of all its holdings.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Therefore 48% are positive. Johnson \u0026 Johnson has $170.0 highest and $110.0 lowest target. The firm has a 50 day moving average price of $119.96 and a 200 day moving average price of $117.07. The rating was maintained by Credit Suisse with "Buy" on Thursday, October 19. On Tuesday, January 16 the rating was maintained by Jefferies with "Buy". On Wednesday, October 18 the stock has "Equal-Weight" rating by Barclays Capital. Jefferies has "Buy" rating and $16100 target.

JNJ has been the subject of a number of recent analyst reports. It also upped Roche Holding Ltd Sp Adr (RHHBY) stake by 10,000 shares and now owns 40,000 shares. The shares were sold at an average price of $129.86, for a total value of $20,172,712.12. (NYSE:NYCB), 4 have Buy rating, 2 Sell and 9 Hold. Johnson & Johnson presently has a consensus rating of "Hold" and a consensus target price of $144.03. Bristol-Myers Squibb Company had 79 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, February 26 the stock rating was maintained by Jefferies with "Buy". Citigroup has "Buy" rating and $78.0 target. (NYSE:NYCB) earned "Hold" rating by Keefe Bruyette & Woods on Friday, July 28. The company has market cap of $348.05 billion. As per Wednesday, October 18, the company rating was maintained by Leerink Swann.

Since December 12, 2017, it had 1 insider buy, and 1 insider sale for $85,985 activity. During the same period past year, the business earned $1.83 EPS.

Consensus estimates called for $19.46 billion in revenue and earnings of $2.02 per share. Its up 0.04, from 0.83 in 2017Q3. Harding Loevner Limited Partnership invested in 800 shares. 57 funds opened positions while 90 raised stakes. Lincoln stated it has 0.26% in Johnson & Johnson (NYSE:JNJ). S&Co Inc has invested 3.68% in Johnson & Johnson (NYSE:JNJ). Homrich & Berg has invested 0.04% in Bristol-Myers Squibb Company (NYSE:BMY). Acr Alpine Ltd Company holds 6.03% or 813,631 shares in its portfolio. (NYSE:HCP) by 65,300 shares in the quarter, for a total of 137,050 shares, and has risen its stake in Fedex (NYSE:FDX). Northern Cap Mngmt Limited Liability Com has 34,642 shs.