Top 5 Dividend Stocks Favored by Carolina Panthers Owner David Tepper

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In this article, we discuss top 5 dividend stocks favored by Carolina Panthers owner David Tepper. If you want to read our detailed analysis of Tepper’s investment strategy and his hedge fund’s performance, go directly to read Top 10 Dividend Stocks Favored by Carolina Panthers Owner David Tepper

5. UnitedHealth Group Incorporated (NYSE:UNH)

Appaloosa Management LP’s Stake Value: $79,527,000
Dividend Yield as of February 23: 1.35%

UnitedHealth Group Incorporated (NYSE:UNH) is an American healthcare company, based in Minnesota. The company provides healthcare insurance and other related services. At the end of Q4 2022, Appaloosa Management LP owned 150,000 shares in the company with a total value of nearly $80 million. The company accounted for 5.89% of the firm’s 13F portfolio.

UnitedHealth Group Incorporated (NYSE:UNH), one of the top dividend stocks favored by David Tepper, has been making regular dividend payments to shareholders since 1990. The company currently offers a quarterly dividend of $1.65 per share and has a dividend yield of 1.35%, as of February 23.

In January, Deutsche Bank raised its price target on UnitedHealth Group Incorporated (NYSE:UNH) to $617 with a Buy rating on the shares, following the company’s Q4 earnings.

At the end of Q4 2022, 110 hedge funds in Insider Monkey’s database owned stakes in UnitedHealth Group Incorporated (NYSE:UNH), the same as in the previous quarter. However, the collective value of these stakes grew to over $11.4 billion this quarter, from $10.3 billion in the preceding quarter.

Distillate Capital mentioned UnitedHealth Group Incorporated (NYSE:UNH) in its Q4 2022 investor letter. Here is what the firm has to say:

“The largest sector change in the rebalance was a six-percentage point increase in technology. The biggest component of this increase was the introduction of a 4% weight in Apple, which is discussed further below. Offsetting this increased tech weight was a 3-percentage point decrease in industrials and a two-percentage point decline in health care. The biggest reductions in weight were UnitedHealth Group Incorporated (NYSE:UNH), which is capped at a 2% weight as it ranks in the bottom quartile of the fund by valuation.”

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