5 Best Dividend Stocks to Buy According to Billionaire Philippe Laffont

1. The Boeing Company (NYSE: BA)

Value: $44,815,000
Percent of Philippe Laffont’s 13F Portfolio: 0.16%
No. of Hedge Fund Holders: 55
Dividend Yield: 3.51%

The Boeing Company (NYSE: BA) was founded in 1916 by William E. Boeing. Initially it sold military aircrafts to the U.S. Army, but later shifted to building commercial aircrafts and further diversified agriculture and energy production marine craft. Its core business is still aerospace.

Boeing was also hit by COVID-19 crisis, as orders dropped after restrictions on air travel. The company has improved its quality of airplanes after the safety concern controversy. The company has resumed Dreamliner deliveries in Q1 2021, and the prospects look better. Boeing 787, after being grounded post two crashes, has resumed operation and is expected to generate a good amount of cash flow. The Boeing Company (NYSE: BA) is still a cash cow.

BA is in 55 hedge fund portfolios at the end of Q4 2020, up from 43 Q3 2020. Fisher Asset Management also owns 2.23 million shares of the company.

You can also take a peek at 10 Best Dividend Stocks to Buy According to Billionaire Andreas Halvorsen and Bill Gates’ Top 10 High Dividend Stocks.

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