Retirement Investing: Johnson & Johnson Is Core Holding In Retirement Portfolio - Johnson & Johnson (NYSE:JNJ) | Seeking Alpha: "
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Retirement Investing: Johnson & Johnson Is Core Holding In Retirement Portfolio
Dec. 18, 2015 3:57 AM ET | 4 comments | About: Johnson & Johnson (JNJ)
Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in JNJ over the next 72 hours. (More...)
Summary
JNJ shares appear attractive at 16x forward earnings, 2.9% dividend yield as there are several near-term catalysts to drive momentum in the stock through 2016.
JNJ is attractive for a retirement portfolio as we expect a significant dividend increase in 2016 (20%-27%) and an accelerated buyback program to reward shareholders.
We have a one-year price target for JNJ of $118 per share (14% upside excl. dividend) and stock is key holding in our 2016 model retirement portfolio."
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