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JNJ

Only Eleven Dow Components With Recent Insider Buying, JNJ is One of Them

The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only eleven companies have experienced such buying over the trailing six month period, one of which was Johnson & Johnson (Symbol: JNJ), where an investment totaling $99.8K was made by Director Charles Prince. Click Here to Learn Which Other Ten Dow Components Also Had Recent Insider Buying »

Purchased Insider Title Shares Price/Share Value
10/21/2016 Charles Prince Director 875 $114.11 $99,846.25

Prince's average cost works out to $114.11/share. In trading on Tuesday, bargain hunters could buy shares of Johnson & Johnson (Symbol: JNJ) and achieve a cost basis lower than Prince, with shares changing hands as low as $111.15 per share. It should be noted that Prince has collected $0.80/share in dividends since the time of their purchase, so they are currently down 1.9% on their purchase from a total return basis. Shares of Johnson & Johnson were changing hands at $111.49 at last check, trading down about 2% on Tuesday. The chart below shows the one year performance of JNJ shares, versus its 200 day moving average:

Johnson & Johnson Chart

Looking at the chart above, JNJ's low point in its 52 week range is $95.95 per share, with $126.07 as the 52 week high point - that compares with a last trade of $111.49.

The current annualized dividend paid by Johnson & Johnson is $3.20/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 02/24/2017. Below is a long-term dividend history chart for JNJ, which can be of good help in judging whether the most recent dividend with approx. 2.8% annualized yield is likely to continue.

JNJ+Dividend+History+Chart

According to the ETF Finder at ETF Channel, JNJ makes up 11.32% of the Health Care Select Sector SPDR Fund ETF (Symbol: XLV) which is trading lower by about 1% on the day Tuesday.

Click here to find out which other top insider buys by company directors you need to know about »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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