5 Blue Chip Stocks in Warren Buffett’s Portfolio

4. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 64

American Express Company (NYSE:AXP), a credit card service company, is among the blue chip stocks in Warren Buffett’s portfolio, making up 7.5% of the portfolio. The company operates internationally as well as in the US, and specializes in payment card services.

Mihir Bhatia, an analyst at BofA, holds a Buy rating on American Express Company (NYSE:AXP) shares as of this March.

In the same month, the company announced an increase of 20% in its quarterly dividend, bringing it up to $0.52 per share. This significant increase is set to offer income investors an attractive dividend, raising the company’s popularity.

American Express Company (NYSE:AXP) had 64 hedge funds holding stakes in it in the fourth quarter, and 57 hedge funds holding stakes in it in the previous quarter. Their total stake values were $28.9 billion and $29.6 billion respectively.