Five Dividend Kings that Smart Money Likes the Most

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Johnson & Johnson (NYSE:JNJ) was the favorite divided king stock among the funds we track. The company was included in the equity portfolios of 78 funds, which held 1.60% of its outstanding stock at the end of June. However, it was significantly below the top spot on the list of the most popular companies, which was occupied by Allergan PLC (NYSE:AGN), in which 151 funds reported stakes. A stronger dollar and the slowdown of emerging markets are affecting Johnson & Johnson (NYSE:JNJ)’s sales, but these trends are viewed by most investors as short-term concerns. The stock has inched down by 4% year-to-date and it sports a dividend yield of 2.99%. Meanwhile, billionaire Ken Fisher’s Fisher Asset Management has been consistently increasing its position in Johnson & Johnson (NYSE:JNJ) for the past three quarters and most recently reported ownership of 10.69 million shares in its filing for the third quarter.

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