5 Dow Stocks Billionaires Like The Most

In this piece, we will take a look at the five Dow stocks that billionaires like the most. If you want to take a deeper look at the Dow and its past, then check out 12 Dow Stocks Billionaires Like The Most.

5. Johnson & Johnson (NYSE:JNJ)

Number of Billionaire Investors In Q3 2023: 20

Johnson & Johnson (NYSE:JNJ) is a personal health and pharmaceutical company. The firm has missed analyst EPS estimates in three out of its four latest quarters. The shares are rated Buy on average and analysts have set an average share price target of $175.48.

During this year’s third quarter, 84 out of the 910 hedge funds part of Insider Monkey’s database had bought Johnson & Johnson (NYSE:JNJ) ‘s shares. Ken Fisher’s Fisher Asset Management owned the biggest stake among these which was worth $1.1 billion.

4. UnitedHealth Group Incorporated (NYSE:UNH)

Number of Billionaire Investors In Q3 2023: 21

UnitedHealth Group Incorporated (NYSE:UNH) is an American healthcare plan and coverage provider. Not only has the firm beaten analyst EPS estimates in all four of its quarters, but the shares are also rated Strong Buy on average with an average share prie target of $592 – making it one of the most fundamentally sound stocks on our list.

As of Q3 2023 end, 104 out of the 910 hedge funds surveyed by Insider Monkey were the firm’s shareholders. UnitedHealth Group Incorporated (NYSE:UNH)’s largest hedge fund investor is Rajiv Jain’s GQG Partners due to its $1.6 billion stake.

3. Visa Inc. (NYSE:V)

Number of Billionaire Investors In Q3 2023: 23

Visa Inc. (NYSE:V) is a financial services provider that enables users and merchants to make and receive payments. During the global COP28 conference, the firm stepped up its commitment to helping disaster struck areas by partnering up with Oxfam.

By the end of this year’s third quarter, 167 out of the 910 hedge funds polled by Insider Monkey had held a stake in Visa Inc. (NYSE:V). Out of these, the biggest shareholder is Chris Hohn’s TCI Fund Management as it owns $3.8 billion worth of shares.

2. Salesforce, Inc. (NYSE:CRM)

Number of Billionaire Investors In Q3 2023: 23

Salesforce, Inc. (NYSE:CRM) is a high end technology company enabling customers to measure and analyze their customer relationship metrics. Its third quarter earnings impressed investors, as the stock soared by 8% after the fourth quarter guidance beat analyst estimates on the back of cost cutting measures.

Insider Monkey dug through 910 hedge fund portfolios for their shareholdings during 2023’s third quarter to discover that 122 were the firm’s investors. Salesforce, Inc. (NYSE:CRM)’s top hedge fund investor is Ken Fisher’s Fisher Asset Management due to its $2.8 billion investment.

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Billionaire Investors In Q3 2023: 34

Microsoft Corporation (NASDAQ:MSFT) is a mega-cap technology company known for its enterprise computing and operating systems. December might prove to be a troublesome month for the firm as reports suggest that its stake in OpenAI is drawing regulator attention.

306 out of the 910 hedge funds profiled by Insider Monkey had held a stake in Microsoft Corporation (NASDAQ:MSFT) during Q3 2023. Among these, the biggest investor is Michael Larson’s Bill & Melinda Gates Foundation Trust as it owns 39.2 million shares that are worth $12.4 billion.

Disclosure: None. You can also take a look at 12 Best Healthcare Stocks For the Long-Term and 12 Best Materials Dividend Stocks To Buy Now.

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