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JNJ beat earnings estimates, raised its dividend, yet saw reduced holdings by major firms like Perennial Advisors.
Perennial Advisors LLC and several other firms have reduced their holdings in Johnson & Johnson (JNJ) shares in the first quarter.
JNJ reported earnings of $2.77 per share, beating analyst estimates by $0.18, with revenue of $21.89 billion.
The company's market cap is $372.99 billion, and it has a P/E ratio of 23.31.
JNJ also announced a dividend increase to $1.30 per share, with a yield of 3.35%.
The stock has a "Moderate Buy" rating with a target price of $170.88.
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JNJ superó las estimaciones de ganancias, aumentó su dividendo, pero vio reducidas las participaciones de firmas importantes como Perennial Advisors.