Wall Street's Most Accurate Analysts Say Hold These 3 Defensive Stocks With Over 6% Dividend Yields
Portfolio Pulse from Lisa Levin
Wall Street's most accurate analysts recommend holding three defensive stocks with over 6% dividend yields: Altria Group (MO), Medifast (MED), and Walgreens Boots Alliance (WBA). These consumer staples sector stocks have high free cash flows and reward shareholders with high dividend payouts.
June 05, 2023 | 1:09 pm
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NEUTRAL IMPACT
Medifast (MED) has a dividend yield of 8.32% and posted better-than-expected Q1 results. Analysts maintain neutral ratings and have cut price targets.
Medifast's high dividend yield and strong Q1 results make it an attractive stock for investors seeking income. However, analysts maintain neutral ratings and have cut price targets, indicating potential short-term price stagnation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Altria Group (MO) has a dividend yield of 8.29% and has recently completed the acquisition of NJOY Holdings. Analysts maintain neutral ratings and have cut price targets.
Altria Group's high dividend yield and recent acquisition of NJOY Holdings make it an attractive stock for investors seeking income. However, analysts maintain neutral ratings and have cut price targets, indicating potential short-term price stagnation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Walgreens Boots Alliance (WBA) has a dividend yield of 6.33% and plans to cut 504 employees from its corporate workforce. Analysts maintain neutral ratings and have cut price targets.
Walgreens Boots Alliance's high dividend yield and workforce reduction plan make it an attractive stock for investors seeking income. However, analysts maintain neutral ratings and have cut price targets, indicating potential short-term price stagnation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100