In the latest trading session, 0.69 million Johnson & Johnson (NYSE:JNJ) shares changed hands as the company’s beta touched 0.52. With the company’s most recent per share price at $164.28 changing hands around $0.83 or 0.51% at last look, the market valuation stands at $395.46B. JNJ’s current price is a discount, trading about -2.78% off its 52-week high of $168.85. The share price had its 52-week low at $143.13, which suggests the last value was 12.87% up since then. When we look at Johnson & Johnson’s average trading volume, we note the 10-day average is 6.11 million shares, with the 3-month average coming to 6.35 million.
Analysts gave the Johnson & Johnson (JNJ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.22. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended JNJ as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Johnson & Johnson’s EPS for the current quarter is expected to be 1.99.
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Johnson & Johnson (NYSE:JNJ) trade information
However, in the 30-day time frame, Johnson & Johnson (NYSE:JNJ) is 0.92% up. Looking at the short shares, we see there were 19.74 million shares sold at short interest cover period of 3.23 days.
The consensus price target for the stock as assigned by Wall Street analysts is 177, meaning bulls need an upside of 7.19% from its recent market value. According to analyst projections, JNJ’s forecast low is 150 with 215 as the target high. To hit the forecast high, the stock’s price needs a -30.87% plunge from its current level, while the stock would need to tank 8.69% for it to hit the projected low.
Johnson & Johnson (JNJ) estimates and forecasts
Data shows that the Johnson & Johnson share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 10.60% over the past 6 months, a 0.20% in annual growth rate that is considerably lower than the industry average of 6.30%. Year-over-year growth is forecast to reach 4.20% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 22.44B. 6 analysts are of the opinion that Johnson & Johnson’s revenue for the current quarter will be 22.04B. The company’s revenue for the corresponding quarters a year ago was 21.39B and 21.4B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.90%. The estimates for the next quarter sales put growth at 3.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.27%. The 2024 estimates are for Johnson & Johnson earnings to increase by 0.26%, but the outlook for the next 5-year period is at 3.30% per year.
JNJ Dividends
Johnson & Johnson is expected to release its next quarterly earnings report on 2025-Jan-22. The 2.96% annual yield figure for the share gives it an annual dividend of 4.86. It is important to note, however, that the 2.96% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.71 per year.
Johnson & Johnson (NYSE:JNJ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.09% of Johnson & Johnson shares while 72.57% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.63%. There are 72.57% institutions holding the Johnson & Johnson stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.5109% of the shares, roughly 229.04 million JNJ shares worth $33.48 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.2297% or 198.19 million shares worth $28.97 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 76.03 shares estimated at $12.45 billion under it, the former controlled 3.16% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.57% of the shares, roughly 61.77 shares worth around $10.11 billion.
