Johnson & Johnson’s Pharmaceutical segment offers products in various therapeutic areas, including immunology, infectious diseases, neuroscience, oncology, pulmonary hypertension and cardiovascular and metabolic diseases.
The Medical Devices segment provides electrophysiology products to treat cardiovascular diseases; neurovascular care products to treat hemorrhagic and ischemic stroke; orthopedics products in support of hips, knees, trauma, spine, sports and other; advanced and general surgery solutions that focus on breast aesthetics and ear, nose and throat procedures; and disposable contact lenses and ophthalmic products related to cataract and laser refractive surgery under the Acuvue brand.
Shareholders receive a 2.64% yield. The $201 Citigroup price target is well above the $188.67 consensus target for Johnson & Johnson stock. Shares closed trading at $171.31 on Thursday.
Procter & Gamble
The company offers a very solid dividend as well as a host of recognizable products. Procter & Gamble Co. (NYSE: PG) is one of the world’s largest consumer products companies and one of the oldest in the Fortune 500. Its many brands include Pampers, Tide, Bounty, Charmin, Gillette, Oral B, Crest, Olay, Pantene, Head & Shoulders, Ariel, Gain, Always, Tampax, Downy and Dawn.
The company sells its products through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. The company has been very innovative in its product development process and uses that to help ensure future growth and cash flow. This should provide investors years of steady growth and dividends.
Shareholders receive a 2.60% dividend. Wells Fargo has a price objective of $170, and the consensus target is $161.72. Procter & Gamble stock ended Thursday trading at $140.77.
These stocks all have reasonable upside to the Wall Street targets and they pay very dependable dividends, given their Dividend Aristocrat status. With even moderate appreciation in their share prices, investors should be looking at close to a double-digit total return potential. In a market that is very volatile and could be headed much lower if we are actually in a recession, these safe Dividend Aristocrats and Warren Buffet Berkshire Hathaway stocks make a ton of sense now.
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