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Johnson & Johnson saw a 15.7% stake increase by Optivise and reported strong Q4 earnings, beating estimates.
In the fourth quarter of 2019, Optivise Advisory Services LLC increased its stake in Johnson & Johnson by 15.7%, purchasing 284 shares, totaling 2,096 shares worth $303,000.
Johnson & Johnson reported a strong quarter with EPS of $2.77, beating estimates by $0.18, and revenue of $21.89 billion.
The company's stock opened at $157.42 on Monday, with a market cap of $379.37 billion.
Johnson & Johnson also announced a quarterly dividend of $1.30 per share, up from $1.24.
The stock has a "Moderate Buy" rating with a target price of $171.82.
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Johnson & Johnson registró un aumento del 15,7% en la participación de Optivise y reportó fuertes ganancias en el cuarto trimestre, superando las estimaciones.