S&P 500 Dividend Aristocrats List: Top 10 Picks by Hedge Funds

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4. AbbVie Inc. (NYSE:ABBV)

Number of Hedge Fund Holders: 75

AbbVie Inc. (NYSE:ABBV) is an Illinois-based pharmaceutical company. In April, Morgan Stanley raised its price target on the stock to $181 with an Overweight rating on the shares. The firm believes that the company can deliver growth in the second half of the year.

AbbVie Inc. (NYSE:ABBV) has been raising its dividends for 50 years consistently and currently pays a quarterly dividend of $1.48 per share. With a dividend yield of 4.30%, as of May 29, ABBV is one of the best dividend aristocrat stocks on our list.

At the end of the March quarter of 2023, 75 hedge funds in Insider Monkey’s database owned stakes in AbbVie Inc. (NYSE:ABBV), up from 73 in the previous quarter. Citadel Investment Group was the company’s leading stakeholder in Q1.

Follow Abbvie Inc. (NYSE:ABBV)

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