5 Best Low-Priced Dividend Stocks To Invest In

2. Viatris Inc (NASDAQ:VTRS)

Number of Hedge Fund Investors: 43

Healthcare company Viatris Inc (NASDAQ:VTRS) ranks 2nd in our list of the best low-priced dividend stocks to buy according to hedge funds.

As of the end of the third quarter of 2023, 43 hedge funds had stakes in Viatris Inc (NASDAQ:VTRS). The most significant stakeholder of Viatris Inc (NASDAQ:VTRS) was James E. Flynn’s Deerfield Management which owns a $196 million stake in Viatris Inc (NASDAQ:VTRS).

Here is what Davis New York Venture Fund has to say about Viatris Inc. (NASDAQ:VTRS) in its Q3 2023 investor letter:

“In the attractive healthcare sector, we look beyond the obvious to identify businesses that simultaneously have exposure to this growth industry and also trade at low prices. We’re especially drawn to companies like Viatris, whose products or services play a part in helping to mitigate healthcare’s constantly rising costs. The healthcare industry has been a growing part of the U.S. economy for decades. As a result, many companies in this sector trade at high valuations reflecting their robust but well-known reputation for growth. For value-conscious investors like us, investing in healthcare requires looking beyond the obvious to identify businesses that have exposure to this growth industry but which trade at low prices. Furthermore, recognizing that the constantly rising cost of healthcare cannot go on forever, we have been particularly drawn to companies whose products or services play some role in managing or reducing the cost of care. As a result, we have positions in Viatris, a leading manufacturer of low-cost branded generic drugs.”