Evanson Financial Buys into Johnson & Johnson

Evanson Financial LLC, a financial institution, made a new investment in Johnson & Johnson (NYSE:JNJ) during the second quarter. According to its most recent Form 13F filing with the Securities & Exchange Commission, the fund bought 12,934 shares of JNJ's stock, valued at approximately $3,285,000.

This is not an isolated case; several other hedge funds have also recently made changes to their positions in JNJ. Blueline Advisors LLC purchased a new stake in Johnson & Johnson during the fourth quarter, while Cresta Advisors Ltd. bought a new position in JNJ during the same period.

Johnson & Johnson's stock opened at $257.30 on Friday and has a market cap of $620.07 billion. The company has a P/E ratio of 29.81, a P/E/G ratio of 2.46, and a beta of 0.24. Analysts forecast that JNJ will post 11.61 earnings per share for the current fiscal year.