5 Best Large Cap Dividend Stocks to Buy Now

1. Altria Group, Inc. (NYSE: MO)

Number of Hedge Fund Holders: 38
Dividend Yield: 7.2%

Altria Group, Inc. (NYSE: MO) is a tobacco company that manufactures cigarettes and other oral tobacco products in the US. The company ranks 1st on our list of the best large cap dividend stocks to buy now.

Altria Group, Inc.’s (NYSE: MO) Buy rating and $56 price target was reiterated at Stifel this July, while in June, Redburn initiated coverage of the stock with a Neutral rating.

In the first quarter of 2021, Altria Group, Inc. (NYSE: MO) had an EPS of $1.07, beating estimates by $0.02. The company’s revenue was $4.88 billion, missing estimates by $108.51 million. Altria Group, Inc. (NYSE: MO) has also gained 12.57% in the last 6 months and 15.6% year to date.

By the end of the first quarter of 2021, 38 hedge funds out of the 866 tracked by Insider Monkey held stakes in Altria Group, Inc. (NYSE: MO) worth roughly $1.10 billion. This is compared to 37 hedge funds in the previous quarter with stakes worth approximately $1.08 billion.

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