Dow 30 Stocks List: 15 Stocks Ranked By 2022 Hedge Fund Bullishness Index

10. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders as of Q3, 2022: 82

Merck & Co., Inc. (NYSE:MRK) is an American multinational pharmaceutical company. In 2022, the company extended its dividend growth streak to 12 years, which makes it one of the best dividend stocks. It currently offers a quarterly dividend of $0.73 per share and has a dividend yield of 2.62%, as recorded on December 23.

At the end of Q3 2022, 82 hedge funds tracked by Insider Monkey presented a bullish stance on Merck & Co., Inc. (NYSE:MRK), up from 79 in the previous quarter. The stakes owned by these hedge funds have a total value of over $4.7 billion.

Chartwell Investment Partners mentioned Merck & Co., Inc. (NYSE:MRK) in its Q2 2022 investor letter. Here is what the firm has to say:

“In the Dividend Equity accounts, the three best performers in Q2 includes Merck (NYSE:MRK, 3.6%), up 12.0%. Merck, like other pharma companies, is in a defensive business, but the stock also did well as peak-sales estimates for their flagship drug, Keytruda, have gone up (JPMorgan estimates $32 billion in sales by 2026).”