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flag JNJ beat earnings estimates, raised its dividend, yet saw reduced holdings by major firms like Perennial Advisors.

flag Perennial Advisors LLC and several other firms have reduced their holdings in Johnson & Johnson (JNJ) shares in the first quarter. flag JNJ reported earnings of $2.77 per share, beating analyst estimates by $0.18, with revenue of $21.89 billion. flag The company's market cap is $372.99 billion, and it has a P/E ratio of 23.31. flag JNJ also announced a dividend increase to $1.30 per share, with a yield of 3.35%. flag The stock has a "Moderate Buy" rating with a target price of $170.88.

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