In this article, we will take a look at the 12 best low-risk investments in April 2024. To go through our analysis of the recent market trends and market activity, you can go directly to see the 12 Best Low-Risk Investments in April 2024.
5. Johnson & Johnson (NYSE:JNJ)
Number of Hedge Fund Holders: 81
Beta Value: 0.53
Founded in 1886, Johnson & Johnson (NYSE:JNJ) stands as an American multinational corporation renowned for its advancements in medical devices, pharmaceuticals, and consumer packaged goods. Notably, the company’s pharmaceutical division has maintained an impressive track record of dividend growth for over 62 years. As of March 27, Johnson & Johnson (NYSE:JNJ) offers a quarterly dividend of $1.19 per share, resulting in a dividend yield of 3.01%.
As per Insider Monkey’s database of Q4 2023, 81 hedge funds reported having stakes in Johnson & Johnson (NYSE:JNJ), compared with 84 in the preceding quarter. The total value of these stakes is nearly $4 billion. With more than 6.3 million shares, Fisher Asset Management was the company’s leading stakeholder in Q4.
4. Walmart Inc. (NYSE:WMT)
Number of Hedge Fund Holders: 85
Beta Value: 0.50
Walmart Inc. (NYSE:WMT), a prominent American retail giant headquartered in Bentonville, Arkansas, is widely recognized for its expansive network of hypermarkets, discount department stores, and strategically positioned grocery outlets across the United States. The company also operates several online marketplaces, including Walmart.com and Jet.com, which connect customers with a wide range of products, including groceries, electronics, and clothing.
Insider Monkey dug through 933 hedge fund portfolios for last year’s fourth quarter and discovered that 85 had bought a stake in the firm. Walmart Inc. (NYSE:WMT)’s largest investor in our database is Ken Fisher’s Fisher Asset Management as it owns $1.5 billion worth of shares.
3. Merck & Co., Inc. (NYSE:MRK)
Number of Hedge Fund Holders: 98
Beta Value: 0.38
Merck & Co., Inc. (NYSE:MRK), a renowned American multinational pharmaceutical company headquartered in Rahway, New Jersey, can trace its origins back to the Merck Group, established in Germany in 1668. Originally the American arm of this venerable group, the company operates under the names Merck Sharp & Dohme or MSD outside the United States and Canada. It holds a prominent position in the pharmaceutical industry, specializing in the development of medicines, vaccines, biologic therapies, and animal health products.
Demonstrating a consistent pattern of dividend growth for 11 consecutive years, the company currently offers a quarterly dividend of $0.77 per share, resulting in a dividend yield of 2.33% as of March 27.
In Q4 2023, 98 out of the 933 hedge funds polled by Insider Monkey had invested in Merck & Co., Inc. (NYSE:MRK). Ken Fisher’s Fisher Asset Management emerged as the largest shareholder due to its $1.4 billion stake.
2. UnitedHealth Group Incorporated (NYSE:UNH)
Number of Hedge Fund Holders: 113
Beta Value: 0.54
Headquartered in Minnetonka, Minnesota, UnitedHealth Group Incorporated (NYSE:UNH) stands as a leading American multinational corporation specializing in managed healthcare and insurance services, operating as a for-profit entity. The corporation is organized into four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. Recognized as one of the top revenue growth stocks to invest in, UnitedHealth Group Incorporated (NYSE:UNH) offers a quarterly dividend of $1.87 per share as of March 27.
UnitedHealth Group Incorporated (NYSE:UNH) experienced a notable surge in hedge fund interest, with the number of hedge fund positions increasing to 113 by the end of the quarter. This marked an uptick from the 104 positions held in the previous quarter. The aggregate value of these stakes exceeds $11.1 billion.
1. Berkshire Hathaway Inc. (NYSE:BRK-B)
Number of Hedge Fund Holders: 117
Beta Value: 0.89
Berkshire Hathaway Inc. (NYSE:BRK-B) functions as a diverse multinational conglomerate holding company with its headquarters in Omaha, Nebraska. Its primary revenue streams are primarily derived from the insurance sector. Profits generated from its insurance operations are tactically allocated across a wide array of subsidiaries, equity holdings, and diverse financial instruments. The company’s resilience to market fluctuations is notably attributed to its well-diversified portfolio of businesses and investments spanning various industries.
During last year’s fourth quarter, 117 out of the 910 hedge funds covered by Insider Monkey’s research had invested in Berkshire Hathaway Inc. (NYSE:BRK-B). Out of these, the biggest investor was Michael Larson’s Bill & Melinda Gates Foundation Trust as it owned 19.9 million shares that were worth $7.1 billion.
Disclosure: None. You can also take a look at 13 Most Profitable Real Estate Stocks Now and Top 20 Drug Companies in the US by Revenue.
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