Billionaire Ken Fisher’s Top 5 Dividend Stock Picks

In this article, we discuss the top 5 dividend stock picks of billionaire Ken Fisher. If you want to read our detailed analysis of these stocks, go directly to Billionaire Ken Fisher’s Top 10 Dividend Stock Picks.

5. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 64   

Forward Dividend Yield: 1.43%     

Investment advisory Berenberg recently upgraded Eli Lilly and Company (NYSE:LLY) stock to Buy from Hold and raised the price target to $270 from $240, noting that the long-term sales growth of the firm stood at 10% annual till 2030, comparing favorably against peers who averaged around 4% during the period. The firm recently won FDA approval for Verzenio, a drug for patients with breast cancer. 

According to 13F filings, Fisher Asset Management owned over 6 million shares in Eli Lilly and Company (NYSE:LLY) at the end of June 2021 worth $1.3 billion, representing 0.86% of the portfolio of the fund. 

Out of the hedge funds being tracked by Insider Monkey, Florida-based investment firm GQG Partners is a leading shareholder in Eli Lilly and Company (NYSE:LLY) with 1.7 million shares worth more than $391 million.  

In its Q1 2020 investor letter, Amana Mutual Funds Trust highlighted a few stocks and Eli Lilly and Company (NYSE:LLY) was one of them. Here is what the fund said:

“Even so, Lilly stood out as one, among a handful, of companies that registered a positive return for the first quarter. In January, Lilly reported excellent fourth quarter results, with revenue growing at a faster clip than over the first three quarters of the year. Lilly is also financially strong with debt equivalent to only two times EBITDA3 and 12% of market capitalization. Johnson & Johnson, while trailing Lilly, shares many of the same characteristics and also outperformed.”