Will Johnson & Johnson’s Q1 Performance Impress These Top Institutional Shareholders?

Johnson & Johnson (NYSE:JNJ): The health and beauty product manufacturer has reported a strong first quarter, with sales clocking in at $17.5 billion, 8.5 percent over the first quarter of 2012. Excluding special items, first quarter earnings per share landed at $1.22; with special items, earnings per share of $1.44 broke 5 percent over the earnings in the first quarter of last year. Overall domestic sales rose 11.2 percent, while international sales were also up by 9.8 percent. Johnson & Johnson confirmed its earnings guidance for full-year 2013 to $5.35 to $5.45 per share.

These institutional firms indicated owning shares of Johnson & Johnson in Q1 2013. They reported owning a total of 185.072 million shares on 03/31/2013. The shares closed at $81.53 on 03/31/2013.

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Here are the ten largest positions in Johnson & Johnson at the end of March 31st, 2013.

Vanguard Group Inc. held 128,541,211 shares on 03/31/2013 worth $10,479,964,776. This brought the portfolio total to 1.15%.

Fisher Asset Management LLC held 10,133,469 shares on 03/31/2013 worth $826,182,000. This brought the portfolio total to 2.2%.

Parametric Portfolio Associates LLC held 3,996,895 shares on 03/31/2013 worth $325,866,844. This brought the portfolio total to 1.07%.

John W. Bristol & Co. Inc. held 2,691,175 shares on 03/31/2013 worth $219,411,000. This brought the portfolio total to 3.99%.

Hexavest Inc. held 2,539,126 shares on 03/31/2013 worth $207,015,000. This brought the portfolio total to 3.75%.

Schafer Cullen Capital Management Inc. held 2,459,505 shares on 03/31/2013 worth $200,523,000. This brought the portfolio total to 2.56%.

Cornerstone Investment Partners LLC held 2,390,007 shares on 03/31/2013 worth $194,857,000. This brought the portfolio total to 3.13%.

Chevy Chase Trust Holdings Inc. held 2,290,921 shares on 03/31/2013 worth $186,778,786. This brought the portfolio total to 1.68%.

British Columbia Investment Management Corp. held 1,995,423 shares on 03/31/2013 worth $162,687,000. This brought the portfolio total to 1.87%.

Marathon Asset Management LLP held 1,486,536 shares on 03/31/2013 worth $121,792,000. This brought the portfolio total to 3.08%.

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