Warren Buffett's Berkshire Hathaway on Monday detailed the
changes in its stock holdings with the SEC, which included nearly
doubling its stake in health products giant Johnson & Johnson (
According to the filing, Berkshire owned some 41.3 million
shares of JNJ at the end of June, up from around 23.9 million
shares in March. In 2008 and 2009, Buffett had sold a substantial
amount of its JNJ shares to help finance other investments.
At the end of 2007, Berkshire held approximately 64.3 million
Johnson & Johnson shares rose 64 cents, or +1.1%, in
premarket trading Tuesday.
The Bottom Line
We have been recommending shares of JNJ since Oct.8, 2009, when the
stock was trading at $60.71. The company has a 3.72% dividend
yield, based on last night's closing stock price of $58.01.
Johnson & Johnson (
) is a "recommended" dividend stock, holding a Dividend.com DARS™
Rating of 3.5 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
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