Will Johnson & Johnson’s SETTLEMENT Make Top Institutional Shareholders BUY MORE Shares?

So far in 2012, Johnson & Johnson’s (NYSE:JNJ) shares are up 3.25 percent. On Thursday, lawyers representing Johnson & Johnson shareholders — that are suing management for not fixing long-term problems such as poor manufacturing and paying kickbacks to increase sales — reached a tentative settlement, reported AP.

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The deal asks for big changes to protect investors and patients utilizing J&J products. This includes a new committee of independent board members that will report about legal and quality problems from key executives.

With the tentative settlement, will Johnson & Johnson’s largest shareholders increase their holdings? 88 institutional firms indicated owning shares of Johnson & Johnson (NYSE:JNJ) in Q2 2012. These firms reported owning a total of 16.869 million shares on 06/30/2012. The shares closed at $67.56 on 06/30/2012.

Here are the ten largest positions in Johnson & Johnson at the end of June 30th, 2012.

Gateway Investment Advisers LLC held 2,111,410 shares on 06/30/2012 worth $142,646,854. This brought the portfolio total to 1.59%.

Hexavest Inc. held 1,932,920 shares on 06/30/2012 worth $130,588,070. This brought the portfolio total to 3.49%.

Chevy Chase Trust Holdings Inc. held 1,923,679 shares on 06/30/2012 worth $129,963,749. This brought the portfolio total to 1.58%.

Wellcome Trust Ltd as trustee of the Wellcome Trust held 1,611,605 shares on 06/30/2012 worth $108,880,030. This brought the portfolio total to 4.75%.

Shell Asset Management Co held 1,085,633 shares on 06/30/2012 worth $73,345,363. This brought the portfolio total to 1.76%.

ExxonMobil Investment Management Inc /TX held 916,622 shares on 06/30/2012 worth $61,926,980. This brought the portfolio total to 1.5%.

Gofen & Glossberg LLC /IL/ held 618,933 shares on 06/30/2012 worth $41,815,112. This brought the portfolio total to 2.69%.

First republic Investment Management Inc. held 505,327 shares on 06/30/2012 worth $34,139,891. This brought the portfolio total to 1.1%.

Huntington National Bank held 492,604 shares on 06/30/2012 worth $33,280,325. This brought the portfolio total to 0.86%.

Sumitomo Mitsui  Asset Management Company Ltd held 420,237 shares on 06/30/2012 worth $28,391,211. This brought the portfolio total to 0.76%.

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