5 Best Long-Term Stocks To Buy Now

In this article, we will look at the 5 best long-term stocks to buy now. If you want to explore similar stocks, you can also take a look at 11 Best Long-Term Stocks To Buy Now.

5. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 83

Johnson & Johnson (NYSE:JNJ) is one the best long-term stocks to buy now because of the company’s global presence, pricing power, and industry-leading position. Over the past fifteen years, Johnson & Johnson (NYSE:JNJ) has returned 9.48% to investors, beating the S&P 500’s return of 8.36% over the same period. Johnson & Johnson (NYSE:JNJ) has a trailing twelve-month operating margin of 26.3% and as of October 5, the stock has gained 3.15% over the past twelve months.

Johnson & Johnson (NYSE:JNJ) is a cash-rich company that reinvests in itself. On September 14, Johnson & Johnson (NYSE:JNJ) announced that the Board of Directors has authorized a share repurchase program of $5 billion. The company has free cash flows of $19.95 billion.

Over the past three months, Johnson & Johnson (NYSE:JNJ) has received 6 Buy ratings from Wall Street analysts. On October 5, Citi analyst Joanne Wuensch revised her price target on Johnson & Johnson (NYSE:JNJ) to $198 from $201 and reiterated a Buy rating on the shares.

At the close of Q2 2022, 83 hedge funds were bullish on Johnson & Johnson (NYSE:JNJ) and held stakes worth $6.76 billion in the company. As of June 30, GQG Partners owns more than 6.5 million shares of Johnson & Johnson (NYSE:JNJ) and is the largest shareholder in the company.

Here is what Distillate Capital Partners LLC had to say about Johnson & Johnson (NYSE:JNJ) in its second-quarter 2022 investor letter:

“Johnson & Johnson was among the 2 largest trims at around 1% each. Each stock was up 1% in the quarter compared to the 16% price decline for the S&P 500 and the positions were reduced as the valuations became somewhat less appealing, though still attractive enough to warrant inclusion.”