Conservative Stock Portfolio: 5 Best Stocks To Buy

3. Johnson & Johnson (NYSE:JNJ)

Number of Hedge Fund Holders: 88

Johnson & Johnson (NYSE:JNJ) is one of the famous conservative stocks on the market with a dividend history stretching back more than five decades. Analysts are urging investors to load up on Johnson & Johnson (NYSE:JNJ) before the firm goes ahead with plans to split into two separate units in the next two years. Johnson & Johnson (NYSE:JNJ) has a strong product line and a robust drug pipeline that looks set to grow in the coming months. 

Johnson & Johnson (NYSE:JNJ) is also one of the firms marketing a COVID-19 vaccine. As a new variant of the virus rises, vaccine sales for Johnson & Johnson (NYSE:JNJ) are set to increase further. 

At the end of the third quarter of 2021, 88 hedge funds in the database of Insider Monkey held stakes worth $6.8 billion in Johnson & Johnson (NYSE:JNJ), the same as in the previous quarter worth $7 billion.