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flag Despite reduced stakes by financial firms, JNJ reported strong earnings and plans a $1.30 per share dividend.

flag Johnson & Johnson (JNJ) saw several financial firms reduce their stakes in the company during the first quarter. flag Despite this, JNJ reported strong earnings of $2.77 per share, exceeding analyst estimates, and revenue of $21.89 billion. flag The company's stock has a consensus "Moderate Buy" rating with a price target of $170.88, and it plans to pay a quarterly dividend of $1.30 per share on June 10th.

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