5 Best Dividend Aristocrats with over 3% Yield

3. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Number of Hedge Fund Holders: 41

Dividend Yield: 4.09%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is a holding company that owns and operates the retail pharmacy chains named Walgreens and Boots, among other pharmaceutical manufacturing companies. Ranked third on our list of the 11 best dividend aristocrats with over 3% yield, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) has a market capitalization of $40.27 billion.

This August, Barclays analyst Steve Valiquette held a $53 price target on Walgreens Boots Alliance, Inc. (NASDAQ:WBA) alongside an Equal Weight rating on the shares of the company.

By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in Walgreens Boots Alliance, Inc. (NASDAQ: WBA) worth roughly $1.1 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $1.1 billion.

On July 1, Walgreens Boots Alliance, Inc. (NASDAQ:WBA) issued its quarterly earnings report, declaring its EPS at $1.38, beating estimates by $0.23, while the company’s revenue was reported to be $34.03 billion, crossing estimates by $526.6 million.