5 Best Stocks For Long Term Growth

In this piece, we will look at the 5 best stocks for long-term growth. If you want to go through our introduction to the current drivers of stock market performance, then check out 15 Best Stocks For Long Term Growth.

5. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 102

P/E Ratio: 134.83

Established in 1876, Eli Lilly and Company (NYSE:LLY) is a prominent American pharmaceutical firm headquartered in Indianapolis, Indiana. Named after its founder, Colonel Eli Lilly, a pharmaceutical chemist and Civil War veteran, the company operates globally, with a presence in 18 other countries.

Eli Lilly and Company (NYSE:LLY) currently distributes a quarterly dividend of $1.30 per share and has maintained a consistent pattern of dividend growth over the past decade. Additionally, the company has been providing uninterrupted dividends to its shareholders for 138 years. As of February 17, the stock offers a dividend yield of 0.66%.

As of December 2023 end, 102 out of the 933 hedge funds profiled by Insider Monkey had bought and owned the firm’s shares. Ken Fisher’s Fisher Asset Management owned the biggest Eli Lilly and Company (NYSE:LLY) stake among these that was worth $2.6 billion.