In this piece, we will take a look at the five best large cap value stocks to invest in in 2024. If you want to learn more about large cap stocks and their fluctuations, then read 16 Best Large-Cap Value Stocks To Invest In in 2024.
5. Merck & Co., Inc. (NYSE:MRK)
Number of Hedge Fund Investors In Q4 2023: 98
Latest P/E Ratio: 914.14
Merck & Co., Inc. (NYSE:MRK) is a diversified, century old, American healthcare company. The firm is going through an important period lately, with its Keytruda drug for uterine cancer securing priority review from the FDA in February 2024.
During Q4 2023, 98 out of the 933 hedge funds part of Insider Monkey’s database were Merck & Co., Inc. (NYSE:MRK)’s shareholders. Ken Fisher’s Fisher Asset Management was the firm’s biggest investor since it held $1.4 billion worth of shares.
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Follow Merck & Co. Inc. (NYSE:MRK)
4. Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Investors In Q4 2023: 100
Latest P/E Ratio: 30.34
Oracle Corporation (NYSE:ORCL) is one of the biggest companies in the world when it comes to enterprise resource planning. This also makes it a key player in the artificial intelligence industry due to the technology’s potential of improving corporate decision making. The shares are rated Buy on average, and the average analyst share price target is $126.69.
By the end of last year’s fourth quarter, 100 out of the 933 hedge funds tracked by Insider Monkey had bought the firm’s shares. The largest Oracle Corporation (NYSE:ORCL) stakeholder is Jean-Marie Eveillard’s First Eagle Investment Management due to its $1.9 billion investment.
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3. JPMorgan Chase & Co. (NYSE:JPM)
Number of Hedge Fund Investors In Q4 2023: 103
Latest P/E Ratio: 11.22
JPMorgan Chase & Co. (NYSE:JPM) is the American banking behemoth headquartered in New York City. Amidst a roaring AI earnings season and robust U.S. economic growth, its analyst Marko Kolanovic created murmurs in the industry in February 2024 by highlighting the risks of stagflation in the U.S.
Insider Monkey scoured through 933 hedge fund holdings for 2023’s December quarter to find 103 JPMorgan Chase & Co. (NYSE:JPM) shareholders. Ken Fisher’s Fisher Asset Management owned the biggest stake which was worth $2 billion.
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Follow Jpmorgan Chase & Co (NYSE:JPM)
2. UnitedHealth Group Incorporated (NYSE:UNH)
Number of Hedge Fund Investors In Q4 2023: 113
Latest P/E Ratio: 21.90
UnitedHealth Group Incorporated (NYSE:UNH) is one of the biggest health benefits management companies in the U.S. It’s one of the strongest rated stocks on our list, with the shares being rated Strong Buy on average. The average analyst share price target is $599.98.
Insider Monkey dug through 933 hedge fund portfolios for the previous quarter and found that 113 had bought and owned the firm’s shares. UnitedHealth Group Incorporated (NYSE:UNH)’s largest hedge fund investor is Rajiv Jain’s GQG Partners since it owns $1.8 billion worth of shares.
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Follow Unitedhealth Group Inc (NYSE:UNH)
1. Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Investors In Q4 2023: 117
Latest P/E Ratio: 11.75
Berkshire Hathaway Inc. (NYSE:BRK-B) is the investment holding conglomerate headed by Warren Buffett. It is known for its valuable positions held in a diverse set of companies belonging to insurance, banking, technology, energy, and other big industries.
117 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database were Berkshire Hathaway Inc. (NYSE:BRK-B)’s shareholders. Michael Larson’s Bill & Melinda Gates Foundation Trust owned the largest stake which was worth $7.1 billion.
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Follow Berkshire Hathaway Inc (NYSE:BRK.A)
Disclosure: None. You can also take a look at 13 Best Momentum Stocks To Buy Now and 15 Biggest Silver Mining Companies in the World.
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