Johnson & Johnson stock sees varied institutional trading activity

Institutional investors have recently adjusted their positions in Johnson & Johnson (NYSE:JNJ) according to various SEC filings.

Xcel Wealth Management LLC established a new stake in the company during the second quarter, purchasing 4,247 shares valued at approximately $1,079,000. Brookmont Capital Management also increased its position by 38.6% in the second quarter, bringing its total holdings to 14,249 shares worth $3,619,000.

Conversely, D. A. Davidson & CO. reduced its holdings by 7.2% during the second quarter, selling 47,658 shares. Despite these varied movements, institutional investors and hedge funds continue to hold a significant 69.55% stake in the company. Other notable activity includes Norges Bank purchasing a new position valued at approximately $6.92 billion during the fourth quarter.