Traders Buy Shares of Johnson & Johnson (JNJ) on Weakness

Johnson & Johnson Stock Oversold

Johnson & Johnson Stock Oversold

Johnson & Johnson now has $335.32 billion valuation. It opened the session with a $125.94 price tag, later ranging from $125.76 to $127.6, the range at which the stock has traded at throughout the day. 6,088,479 shares of the company were exchanged, compared to its average volume of 7,675,268.

Wall street brokerage firm analysts are offering a consensus rating on shares of Johnson & Johnson (NYSE:JNJ) which we're looking at here. JNJ underperformed by 10.43% the S&P500.

Nelson Obus increased its stake in Libbey Inc (LBY) by 15.54% based on its latest 2017Q4 regulatory filing with the SEC. United Bank acquired 157,343 shares as Cabot Oil & Gas Corp (COG)'s stock declined 13.77%. CVX is an exciting player in the Basic Materials space, with a center of attention on Major Integrated Oil & Gas. About 1.80 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since May 15, 2017 and is uptrending. It has underperformed by 9.01% the S&P500.

Investors sentiment increased to 1.06 in Q4 2017. That's change of 0.04, from 2017Q3's 0.83. Sell-side analyst recommendations point to a short term price target of $3 on the company shares. MA raised its position in Johnson & Johnson by 2.0% during the first quarter. Pettyjohn Wood And White reported 52,004 shares. New England Private Wealth Lc holds 6,753 shs or 0.27% of its capital. The Neumann Capital Management Llc holds 14,200 shares with $1.98M value, down from 20,850 last quarter. Assets Inv Management Ltd Limited Liability Company owns 1.21% invested in Johnson & Johnson (NYSE:JNJ) for 45,000 shares. Moreover, Independent Franchise Prtnrs Ltd Liability Partnership has 7.56% invested in Johnson & Johnson (NYSE:JNJ) for 6.38 million shs.

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The Johnson & Johnson board of directors raised its dividend payout to $0.90 per share. Suntrust Banks reported 0% in Cabot Oil & Gas Corporation (NYSE:COG). Scholtz & Limited Liability Corporation reported 5,485 shs. Northstar Asset Management LLC grew its holdings in Johnson & Johnson by 2.2% in the 4th quarter. Natixis holds 1.16% or 1.08 million shares. Sg Americas Securities has 385,670 shares for 0.5% of their portfolio. Paradigm Mngmt Ny reported 73,800 shares. California Pub Employees Retirement System invested 0% of its portfolio in Libbey Inc. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. Therefore 50% are positive. Johnson & Johnson has $170.0 highest and $110.0 lowest target. Johnson & Johnson now has an average rating of "Hold" and a consensus target price of $142.23. Vetr downgraded Johnson & Johnson from a "buy" rating to a "hold" rating and set a $147.40 price target on the a research report on Monday, January 8th. RBC Capital Markets maintained Johnson & Johnson (NYSE:JNJ) rating on Sunday, August 27. Finally, Leerink Swann reissued an "outperform" rating and issued a $160.00 price objective (down from $175.00) on shares of Johnson & Johnson in a research note on Wednesday, April 18th. The stock of Johnson & Johnson (NYSE:JNJ) earned "Overweight" rating by Barclays Capital on Tuesday, December 1. The stock has "Buy" rating by Wells Fargo on Friday, January 12. The company rating was maintained by Morgan Stanley on Tuesday, April 10. On Friday, April 20 the firm has "Outperform" rating by Credit Suisse given. The firm earned "Buy" rating on Monday, February 26 by Jefferies. Also, there are 2 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.22 average brokerage recommendation. On Wednesday, April 18 the firm has "Buy" rating given by Wells Fargo. Jefferies has "Hold" rating and $119 target. Jefferies Group set a $153.00 price objective on shares of Johnson & Johnson and gave the stock a "buy" rating in a research report on Friday, April 13th. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: and their article: "Johnson & Johnson (NYSE:JNJ) Heffx Technical Analysis" published on April 30, 2018 as well as's news article titled: "Johnson & Johnson Stock Looks Attractive on the Big Dip" with publication date: May 10, 2018.

Since February 15, 2018, it had 0 insider buys, and 1 insider sale for $20.17 million activity. The ratio increased, as 36 institutional investors increased and started new holdings, while 17 trimmed and sold stakes in Prudential Global Short Duration High Yield Fund Inc.

Investors sentiment decreased to 1.03 in Q4 2017. Its up 0.02, from 1.04 in 2017Q3. The ratio is positive due to JNJ positioning: 35 sold and 884 reduced. 654 increased positions while 143 funds amassed positions. Foyston Gordon And Payne Inc holds 5.99% or 225,276 shares. 66,527 are owned by Meeder Asset Mgmt. Blue Chip invested 2.85% in Johnson & Johnson (NYSE:JNJ). Fny Managed Accounts Ltd Llc holds 0% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 21 shares. Parallax Volatility Advisers Lp holds 2,604 shares. Mcgowan Gru Asset Mngmt owns 3,508 shares. Stralem & Inc holds 2.47% or 104,020 shares in its portfolio. Polaris Greystone Llc has invested 0.04% in Johnson & Johnson (NYSE:JNJ). Quarter over quarter, EPS has grown -0.40%, creating a market capitalization of 338118.13m for Johnson & Johnson. Vantage Prns Limited Liability Company accumulated 1.09% or 8,563 shares.

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