5 Dividend Stocks to Buy and Hold

4. Bristol Myers Squibb Company (NYSE:BMY)

Number of Hedge Fund Holders: 74

Dividend Yield: 3.5%

Bristol Myers Squibb Company (NYSE:BMY) is a company operating in the pharmaceuticals industry, based in New York. The company is among the largest of its kind in the world, and is reportedly consistently ranked on the Fortune 500 list of the largest US corporation. It is among the best dividend stocks to buy and hold, having raised its dividend yield for 73 years in a row.

BMO Capital analyst Evan Seigerman holds an Outperform rating on shares of Bristol Myers Squibb Company (NYSE:BMY) as of this November. The analyst also holds a $72 price target on the stock.

For the third quarter, it was reported that Bristol Myers Squibb Company (NYSE:BMY) had an EPS of $2, beating estimates by $0.08. The company’s revenue was $11.62 billion, up 10.28% year over year and beating estimates by $100.06 million.

Our data on 867 hedge funds shows that in the third quarter of 2021, 74 hedge funds held stakes in Bristol Myers Squibb Company (NYSE:BMY) worth $4.8 billion. In the second quarter, 73 hedge funds held stakes in the company worth $5.2 billion.