Retirement Stock Portfolio: 5 Healthcare Stocks To Consider

4. Medtronic plc (NYSE:MDT)

Number of Hedge Fund Holders: 68

Medtronic plc (NYSE:MDT) ranks fourth on our list of the best healthcare stocks to buy. The number of hedge funds tracked by Insider Monkey having stakes in the company increased in Q2 to 68, from 61 in Q1. The total value of these stakes is over $3.39 billion. Diamond Hill Capital is the largest shareholder of Medtronic plc (NYSE:MDT) in Q2, with shares worth $571 million.

Medtronic plc (NYSE:MDT), a medical device company, has a track record of consistent dividend growth. The company currently pays an annual dividend of $2.52 per share, yielding 2.06%. In fiscal Q1 2021, the company posted an EPS of $1.41, beating the estimates by $0.09.  Recently, Piper Sandler lifted its price target on Medtronic plc (NYSE:MDT) to $152, while keeping an Overweight rating on the shares. The stock delivered a 12.55% return to shareholders in the past year.