Nordea Investment Management Reduces $187M in Johnson & Johnson ($JNJ)
Key Points
- Nordea Investment Management changed its Johnson & Johnson ($JNJ) stake by 14.2% last quarter, cutting to 4,684,008 shares worth $1.13 billion.
- Wall Street's consensus rating on $JNJ is Buy and an average price target of $252.87.
- $JNJ last traded around $240.87.
Nordea Investment Management reduced its position in Johnson & Johnson ($JNJ) by 14.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,684,008 shares of Johnson & Johnson after selling 776,444 shares during the quarter. Nordea Investment Management's holdings in Johnson & Johnson were worth $1.13 billion as of its most recent filing.
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About Johnson & Johnson
Johnson & Johnson, together with its subsidiaries, engages in the research and development, manufacture, and sale of a range of products in the healthcare field worldwide. It operates in two segments, Innovative Medicine and MedTech. The Innovative Medicine segment offers products for various therapeutic areas, such as oncology, immunology, neuroscience, pulmonary hypertension, infectious diseases, and cardiovascular and metabolism distributed through retailers, wholesalers, distributors, hospitals, and healthcare professionals for prescription use. The MedTech segment provides a portfolio of products used in the surgery, orthopedic, cardiovascular, and vision fields distributed through wholesalers, hospitals and retailers, and used in the professional fields by physicians, nurses, hospitals, eye care professionals and clinics. This segment also offers products and enabling technologies that support joint reconstruction, trauma, spine, sports related injuries, and others, as well as open, laparoscopic, and robotic surgical procedures; instrumentation, energy devices, stapling systems, wound closure, biosurgery products, and digital and robotic technologies; breast aesthetics and reconstruction; contact lenses under the ACUVUE brand; intraocular lenses for cataract surgery, and other products used in cataract and refractive procedures under the TECNIS brand. The company was founded in 1886 and is based in New Brunswick, New Jersey.
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