Johnson & Johnson's stock holdings have been decreased by BDO Wealth Advisors LLC.

August 21, 2023: According to a recent SEC filing, BDO Wealth Advisors LLC, a wealth management firm, decreased its holdings in Johnson & Johnson (NYSE: JNJ) by 8.5% in the first quarter of 2023.

The firm owned 16,422 shares of Johnson & Johnson at the end of the quarter, down from 18,267 shares at the end of the previous quarter. The firm’s stake in Johnson & Johnson is worth about $2.5 million.

The decrease in BDO Wealth Advisors LLC’s holdings in Johnson & Johnson could be due to several factors, including the recent recalls of baby powder and other products. The company has also been facing increased scrutiny over its marketing practices.

Here are some actional and practical takeaways for investors:

• Investors should know the risks associated with investing in Johnson & Johnson.
• Investors should consider the company’s recent recalls and other controversies before investing.
• Investors should also do their research before investing in any company.
• Overall, the news that BDO Wealth Advisors LLC has decreased its holdings in Johnson & Johnson is not a positive sign for the company. Investors should carefully consider the risks before investing in Johnson & Johnson.

Here are some additional thoughts on the news:

• The decrease in BDO Wealth Advisors LLC’s holdings could indicate that other investors are also losing confidence in Johnson & Johnson.
• The news could also put pressure on the company’s stock price.
• Investors should monitor the situation closely and decide whether to invest in Johnson & Johnson.