5 Best FTSE Dividend Stocks To Buy Now

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1. AstraZeneca PLC (NASDAQ:AZN)

Number of Hedge Fund Holders: 47

Dividend Yield as of October 14: 3.42%

AstraZeneca PLC (NASDAQ:AZN) was incorporated in 1992 and is headquartered in Cambridge, the United Kingdom. It is a biopharmaceutical company that focuses on the discovery, development, manufacturing, and commercialization of prescription medicines. AstraZeneca PLC (NASDAQ:AZN)’s dividend yield on October 14 came in at 3.42%. It is one of the best FTSE dividend stocks to invest in. 

On October 11, Guggenheim analyst Seamus Fernandez maintained a Buy rating on AstraZeneca PLC (NASDAQ:AZN) ahead of the Q3 results but slashed the price target on the shares to 11,800 GBp from 12,000 GBp after updating his model to factor in lowered expectations for COVID-19 revenues in Q3 2022 and beyond, higher cost of goods and OpEx spending, and currency trends. 

Among the hedge funds tracked by Insider Monkey, 47 funds were bullish on AstraZeneca PLC (NASDAQ:AZN) at the end of Q2 2022, compared to 45 funds in the earlier quarter. Rajiv Jain’s GQG Partners is a significant position holder in the company, with 18.7 million shares valued at $1.2 billion. 

Here is what Carillon Tower Advisers specifically said about AstraZeneca PLC (NASDAQ:AZN) in its Q2 2022 investor letter:

“AstraZeneca PLC (NASDAQ:AZN) benefited from the same-industry rotation into pharmaceuticals. The company also reported strong clinical data for a new drug to treat breast cancer.”

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