10 Best Holding Company Stocks To Buy Now

7. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 80

Johnson & Johnson (NYSE:JNJ) is a leading pharmaceutical company that ranks seventh on our list of the best holding company stocks to buy now. Johnson & Johnson’s (NYSE:JNJ) also has stakes in several subsidiaries including Janssen Pharmaceuticals, Ethicon Inc., Abiomed, and Johnson & Johnson Vision, to name a few.

In the second quarter of 2024, the company reported sales of $22.4 billion, up 4.3%. Johnson & Johnson (NYSE:JNJ) not only saw success with regulatory approvals for some medications but expanded its footprint in biotechnology. Previously in April, Johnson & Johnson (NYSE:JNJ) acquired Shockwave Medical, a cardiovascular medical device company, enhancing the company’s position in cardiovascular intervention and medical technology.

Johnson & Johnson (NYSE:JNJ) is one of the best holding stocks because of its growth trajectory across all its departments over the years and its inclination towards expanding into new segments. In addition to that, its segments are expected to grow at a compound annual growth rate of 5% to 7%, explaining why analysts are bullish on the company.

Analysts 12-month median price target of $170 points to a 4% upside from current levels. Overall, JNJ was held by 80 hedge funds at the close of Q2 2024 and Fisher Asset Management was the largest shareholder with a position worth $1.02 billion.