Johnson & Johnson (JNJ): Dividend King Loses Some of its Hedge Fund Subjects

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Let’s check out hedge fund activity in other stocks similar to Johnson & Johnson (NYSE:JNJ). These stocks are Wells Fargo & Co (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), China Mobile Ltd. (ADR) (NYSE:CHL), and The Procter & Gamble Company (NYSE:PG). All of these stocks’ market caps are similar to JNJ’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
WFC 85 32556760 0
JPM 100 7576423 0
CHL 24 256853 4
PG 52 8994349 -6

As you can see these stocks had an average of 65 hedge funds with bullish positions and the average amount invested in these stocks was $12.35 billion. That figure was $4.16 billion in JNJ’s case. JPMorgan Chase & Co. (NYSE:JPM) is the most popular stock in this table. On the other hand China Mobile Ltd. (ADR) (NYSE:CHL) is the least popular one with only 24 bullish hedge fund positions. Johnson & Johnson (NYSE:JNJ) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard JPM might be a better candidate to consider a long position.

Disclosure: None

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