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Johnson & Johnson surpassed earnings expectations, despite fluctuating investor stakes.
Johnson & Johnson (JNJ) saw its shares fluctuate as various investors adjusted their holdings.
Hoey Investments Inc. increased its stake by 18.7%, while HighPoint Advisor Group LLC reduced its position by 3.5%.
Despite these changes, JNJ's earnings of $2.04 per share surpassed analyst expectations of $1.99, with revenue at $22.52 billion.
The company has a market cap of $394.32 billion and a strong "Moderate Buy" rating with a consensus price target of $171.33.
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