Johnson & Johnson tops 1Q profit forecasts

The logo of healthcare company Johnson & Johnson is seen in front of an office building in Zug Switzerland

Finally, Clark Capital Management Group Inc. increased its stake in shares of Johnson & Johnson by 3.3% in the fourth quarter.

JNJ shares ticked down -0.9% to $124.60 apiece today in pre-market trading.

Total shares held by institutions as of the most recent company filings are 1,762,552,201 with a reported 64,152,094 bought and 60,885,434 sold.

Over all in the quarter, Johnson & Johnson posted a profit of $4.42 billion, down from $4.46 billion a year earlier.

Once again, there was a change this quarter in the leading segment within Johnson & Johnson's corporate structure. The current share price indicate that stock is -32.54% away from its one year high and is moving 32.53% ahead of its 52-week low. On a per-share basis, profit rose to $1.61 from $1.59, helped by a lower average outstanding share count. J&J's stock fell as much as 3.5 percent, the biggest drop in more than a year. The biggest holder now is William C Weldon who owns 307,273 shares (0.01% of those outstanding), whilst Alex Gorsky holds 259,978 (0.0096% of shares outstanding) and Robert J. Darretta, Jr holds 207,118 (0.0076% of shares outstanding). Insiders own 0.11% of the company's stock. The stock has a 50 day moving average of $125.14 and a 200-day moving average of $117.98. The firm has a market capitalization of $330.54 billion, a PE ratio of 20.54 and a beta of 0.74. The stock's 52-week range is $109.32 to $129.00.

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Johnson & Johnson JNJ reported mixed first-quarter 2017 results.

J&J's world-wide sales of $17.8 billion were up 1.6% for year but missed Wall Street's estimates. Johnson & Johnson had a net margin of 22.78% and a return on equity of 25.61%.

The diversified healthcare company's sales rose to $17.77 billion in the first quarter from $17.48 billion a year earlier, but came in below analysts' average estimate of $18.04 billion, according to Thomson Reuters I/B/E/S.

Looking forward, for the quarter ending Jun-17, 14 analysts have a mean sales target of 19,048.00 million. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark legislation.

Several investment firms issued their expert ratings on Johnson & Johnson (JNJ) in which Barclays Downgrades Johnson & Johnson (JNJ) to Equal-Weight with no specific Price Target on 11/29/16. Zacks Investment Research upgraded shares of Johnson & Johnson from a "sell" rating to a "hold" rating in a research note on Monday, January 9th. Analyst's mean target price for JNJ is $128.56 while analysts mean recommendation is 2.50. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock.

But top seller Remicade, an injected biologic drug for Crohn's disease, rheumatoid arthritis and other immune disorders, saw sales decrease 6 percent to $1.7 billion. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. For the past 5 days of trading, the stock has seen a move of -0.05%. J&J also increased its revenue forecast to a range of $75.4 billion to $76.1 billion, up from $74.1 billion to $74.8 billion. The primary difference between GAAP and non-GAAP results is from charges related to the Nanjing, China ethanol unit.

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