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Public Sector Pension Investment Board Has $53.09 Million Holdings in Johnson & Johnson $JNJ
Public Sector Pension Investment Board significantly reduced its stake in Johnson & Johnson (NYSE:JNJ) by 49.4% in the third quarter, holding 286,327 shares valued at $53.09 million. Despite this, other hedge funds increased or initiated positions in JNJ, and institutional investors collectively own 69.55% of the company’s stock. JNJ recently declared a quarterly dividend and analysts maintain a “Moderate Buy” rating with a consensus target price of $233.73.