In a QM class, to study the hydrogen atom, we started by defining the Hamiltonian $H$ for a central potential, then made an orbital angular momentum operator appear as part of $H$, then down the line emerged spherical harmonics and probabilities of finding electrons in some regions around the nucleus. We never said that there was an electron that orbited the nucleus (as we would have done in classical mechanics, presumably) - that would be Bohr's model. There is no "trajectory" of the electron in the QM model, so I am not sure we could fall back on a classical interpretation and say that the electron actually carries an orbital angular momentum the way a planet does. Is there really for the electron a $\textbf{r}$ and a $\textbf{p}$ that we can observe and that we could use to calculate $\textbf{r}\times\textbf{p}$?
So, is the correct way of looking at the situation that there is a system that happens to be best modeled with some observables that happen to follow an angular momentum algebra, but not try to put too much classical meaning into those $J$'s ($\textbf{J}^2$, $J_x$, $J_y$, $J_z$, $J_+$, $J_-$)?