Johnson & Johnson Hits New All-Time

Many healthcare stocks have been doing quite well lately. I just noticed that Johnson & Johnson ($JNJ) closed at a new all-time high today of $108.54. I’ve followed JNJ for many years (and it used to be on our Buy List), I’ve noticed that is has traditionally split its shares when it has gotten close to $100 per share. We may see a split announcement soon.

I think it’s interesting to note that JNJ went nowhere for more than 10 years. It hit a high in March 2002, and it was still trading below that in June 2012. But that was a great time to buy.

JNJ’s long-term record is amazing. On May 26, 1970, JNJ was going for 78 cents per share (that’s adjusted 48-for-1 in stock splits). That’s a gain of nearly 140 fold in 44 years, which does include dividends.

image1434

Posted by on September 24th, 2014 at 5:42 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.