Buoyed by Strong Drug Group Sales Once Again, Johnson & Johnson Posts Steady Second-Quarter Results
Johnson & Johnson reported second-quarter results largely in line with both our expectations and those of consensus, and we don't expect any major changes to our fair value estimate. We continue to view the stock as largely fairly valued, as the investment community appreciates the company's strengths and weaknesses. The quarter's steady results reaffirm our wide moat rating.Led once again by strong drug sales, total sales increased operationally 6% year over year. The drug group's 11% grow...
Johnson & Johnson is a holding company engaged in the research and development, manufacture and sale of a range of products in the health care field. The company has three business segments: Consumer, which includes a range of products focused on personal healthcare used in the beauty, over-the-counter pharmaceutical, baby care, oral care, women's health and wound care markets; Pharmaceutical, which is focused on six therapeutic areas: immunology, infectious diseases, neuroscience, oncology, cardiovascular and metabolism and pulmonary hypertension; and Medical Devices, which includes products used in the orthopaedic, surgery, interventional solutions, and eye health fields.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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