5 Healthcare Stocks Billionaires Are Loading Up On

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In this article, we discuss 5 best healthcare stocks billionaires are loading up on. If you want to read our detailed discussion on the healthcare sector and its performance, go directly to read 15 Healthcare Stocks Billionaires Are Loading Up On.

5. Johnson & Johnson (NYSE:JNJ)

Number of Billionaire Investors: 17
Number of Hedge Fund Holders: 86

Johnson & Johnson (NYSE:JNJ) was one of the most popular healthcare stocks among billionaires. According to our database, billionaires Ken Griffin, D. E. Shaw, and Ray Dalio were some of the leading stakeholders in Q1. One of the main reasons for this inclination is the company’s long dividend growth history of 62 years. It currently offers a quarterly dividend of $1.19 per share and has a dividend yield of 3%, as of June 7.

In May, Citigroup resumed its coverage on Johnson & Johnson (NYSE:JNJ) with a Buy rating and a $185 price target. The firm highlighted that the company has ‘world-leading’ medical technology and pharmaceutical franchises.

According to Insider Monkey’s database, 86 hedge funds owned stakes in Johnson & Johnson (NYSE:JNJ) at the end of Q1 2023, up from 83 in the previous quarter. These stakes have a consolidated value of $4.5 billion.

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