In today’s recent session, 2.83 million shares of the Johnson & Johnson (NYSE:JNJ) have been traded, and its beta is 0.51. Most recently the company’s share price was $152.52, and it changed around -$0.48 or -0.31% from the last close, which brings the market valuation of the company to $367.21B. JNJ at last check was trading at a discount to its 52-week high of $168.85, offering almost -10.71% off that amount. The share price’s 52-week low was $143.13, which indicates that the recent value has risen by an impressive 6.16% since then. We note from Johnson & Johnson’s average daily trading volume that its 10-day average is 8.17 million shares, with the 3-month average coming to 6.30 million.
Johnson & Johnson stock received a consensus recommendation rating of Hold, based on a mean score of 2.12. If we narrow it down even further, the data shows that 2 out of 28 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 13 recommended JNJ as a Hold, whereas 8 deemed it a Buy, and 1 rated it as Underweight. Johnson & Johnson is expected to report earnings per share of 2.04 for the current quarter.
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Johnson & Johnson (NYSE:JNJ) trade information
Instantly JNJ has been showing red trend so far today with a performance of -0.31% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 155.33 on recent trading dayincreased the stock’s daily price by 1.81%. The company’s shares are currently down -2.69% year-to-date, but still down -0.47% over the last five days. On the other hand, Johnson & Johnson (NYSE:JNJ) is -6.69% down in the 30-day period. We can see from the shorts that 18.11 million shares have been sold at a short interest cover period of 3.13 day(s).
The consensus price target as assigned by Wall Street analysts is $177, which translates to bulls needing to increase their stock price by 13.83% from its current value. Analyst projections state that JNJ is forecast to be at a low of $150 and a high of $215.
Johnson & Johnson (JNJ) estimates and forecasts
Johnson & Johnson share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.64 percent over the past six months and at a 0.10% annual growth rate that is well below the industry average of 9.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -11.04% in revenue this quarter, and will report a decrease of -1.86% in the next quarter. The year-over-year growth rate is expected to be 4.26%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 22.45B in revenue for the current quarter. 6 analysts expect Johnson & Johnson to make 22.04B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 21.39B and 21.38B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.93%. Forecasts for the next quarter put sales growth at 3.08%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.27%. Johnson & Johnson earnings are expected to increase by 0.33% in 2024, but the outlook is positive 6.00% per year for the next five years.
JNJ Dividends
Johnson & Johnson’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 3.19 percent and its annual dividend per share was 4.86. It is important to note, however, that the 3.19% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.71 per year.
Johnson & Johnson (NYSE:JNJ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.09% of Johnson & Johnson shares, and 72.98% of them are in the hands of institutional investors. The stock currently has a share float of 73.04%. Johnson & Johnson stock is held by 4812.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.5109% of the shares, which is about 229.04 million shares worth $33.48 billion.
BLACKROCK INC., with 8.2297% or 198.19 million shares worth $28.97 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 76.03 shares worth $11.58 billion, making up 3.16% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 61.77 shares worth around $9.41 billion, which represents about 2.57% of the total shares outstanding.
