5 Dividend Stocks to Buy According to Billionaire Jeffrey Talpins

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

Number of Hedge Fund Holders: 42
Element Capital Management’s Stake Value: $18,068,000
Dividend Yield as of March 9: 3.93%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is an American pharmaceutical company that also deals in beauty product brands. In Q4 2021, the number of hedge funds tracked by Insider Monkey having stakes in the company jumped to 42, from 37 in the previous quarter. These stakes hold a consolidated value of over $1 billion.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) pays a quarterly dividend of $0.4775 per share, with a dividend yield of 3.93%, as of March 9. The company has been consistently paying dividends for the past 89 years while maintaining a 46-year streak of dividend growth. With shares worth over $18 million, Element Capital started building its position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) during Q4 2021. The company represented 1.16% of Jeffrey Talpins’ portfolio.

This January, Mizuho presented a positive outlook on Walgreens Boots Alliance, Inc. (NASDAQ:WBA) due to the company’s newly-introduced Covid testing kits. The firm raised its price target on the stock to $56 while keeping a Neutral rating on the shares.

Miller Howard Investments mentioned Walgreens Boots Alliance, Inc. (NASDAQ:WBA) in its Q3 2021 investor letter. Here is what the firm has to say:

“While optimistic about a recovery, we continue to balance our cyclical holdings with dividend-payers in stable, less economically-sensitive industries. We took a position in Walgreens (WBA) based on its low valuation, high dividend yield, and stable business model.”