5 Best Dividend Stocks to Buy According to Tiger Cub Rob Citrone

2. Pfizer Inc. (NYSE: PFE)

Citrone’s Stake Value: $5,623,000
Percentage of Rob Citrone’s 13F Portfolio: 0.75%
Number of Hedge Fund Holders: 65

Dividend Yield: 3.97%

Pfizer Inc. (NYSE: PFE) is a healthcare company that manufactures biopharmaceutical products across the world. It also offers medicines and vaccines and was one of the first healthcare companies to release a vaccine for the coronavirus. The company ranks 2nd on our list of the best dividend stocks to buy according to Tiger Cub Rob Citrone.

Pfizer Inc. (NYSE: PFE) beat EPS estimates for the first quarter of 2021 by $0.16 with $0.93 in EPS. The company also reported an 8% growth operationally in its revenue, where the Pfizer-BioNTech vaccine was responsible for bringing in $3.5 billion in the first quarter. The company gained 3.34% in the past 6 months and 6.76% year to date, with $14.58 billion in revenue, beating estimates by $961.32 million.

By the end of the first quarter of 2021, there were 65 hedge funds out of the 886 tracked by Insider Monkey that held stakes in Pfizer Inc. (NYSE: PFE). The total value of these stakes was roughly $2.01 billion. Comparatively, in the previous quarter, there were 63 hedge fund holders whose total stake value came up to roughly $1.85 billion.

ClearBridge Investments, an investment management firm, mentioned Pfizer Inc. (NYSE: PFE) in its first-quarter 2021 investor letter. Here’s what they said:

“Our underweights in health care and staples contributed to relative performance during the period. As we continue to focus the portfolio on high-conviction ideas, we sold Pfizer in late 2020, in the health care sector.”