5 Best Healthcare Dividend Stocks to Buy Now

1. AbbVie Inc. (NYSE: ABBV)

Number of Hedge Fund Holders: 72
Dividend Yield: 4.5%

AbbVie Inc. (NYSE: ABBV) tops our list of the best healthcare dividend stocks to buy now. The company offers a range of medical products and pharmaceuticals to consumers across the globe, such as its HUMIRA and SKYRIZI products for the treatment of autoimmune and intestinal Behçet’s diseases and moderate to severe plaque psoriasis in adults, for instance.

This August, David Toung, an analyst at Argus, raised his price target on shares of AbbVie Inc. (NYSE: ABBV) from $130 to $140, keeping a Buy rating on the stock at the same time.

In the second quarter of 2021, AbbVie Inc. (NYSE: ABBV) had an EPS of $3.11, beating estimates by $0.08. The company’s revenue was $13.96 billion, up 33.90% year over year and beating estimates by $322.64 million. AbbVie Inc. (NYSE: ABBV) has gained 11.40% in the past 6 months and 12.33% year to date.

By the end of the first quarter of 2021, 72 hedge funds out of the 866 tracked by Insider Monkey held stakes in AbbVie Inc. (NYSE: ABBV) worth roughly $5.9 billion. This is compared to 83 hedge funds in the previous quarter with a total stake value of approximately $7 billion.

You can also take a look at 10 States with the Most Expensive Health Insurance and 20 Biggest Healthcare Companies By Revenue.

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