5 Dividend Stocks to Buy According to Billionaire Jeffrey Talpins

In this article, we discuss the 5 dividend stocks to buy according to billionaire Jeffrey Talpins. If you want to read our detailed analysis of Element Capital Management’s past performance and investment strategies, go directly to read 10 Dividend Stocks to Buy According to Billionaire Jeffrey Talpins. 

5. Pfizer Inc. (NYSE:PFE)

Number of Hedge Fund Holders: 83
Element Capital Management’s Stake Value: $148,156,000
Dividend Yield as of March 9: 3.33%

In Q4 2021, the number of hedge funds tracked by Insider Monkey holding stakes in Pfizer Inc. (NYSE:PFE) grew to 83, from 74 in the previous quarter. The consolidated value of these stakes is over $5 billion, showing significant growth from a $2.6 billion worth of stake held by hedge funds in the preceding quarter.

In December 2021, Pfizer Inc. (NYSE:PFE) increased its quarterly dividend by 2.6% at $0.40 per share. The stock’s dividend yield stood at 3.33%, as of March 9. The company has been increasing its dividend consistently for the past 11 years. In February, Wells Fargo set a $60 price target on Pfizer Inc. (NYSE:PFE), with an Overweight rating on the shares, expecting growth in the company’s Covid-related sales.

Pfizer Inc. (NYSE:PFE) was the largest holding of Element Capital in Q4 2021 and represented 9.53% of Jeffrey Talpins’ portfolio. The hedge fund held a stake worth over $148 million in the company in Q4.

Saturna Capital mentioned Pfizer Inc. (NYSE:PFE) in its Q3 2021 investor letter. Here is what the firm has to say:

“The Fund’s strongest performer during the quarter was pharmaceutical manufacturer Pfizer. The company submitted trial data to the FDA for use of its COVID-19 vaccine for younger children, and it is widely expected that the FDA will approve it. Health authorities also began recommending booster shots of the Pfizer vaccine for select populations, further increasing demand for vaccinations.”