Wall Street's Most Accurate Analysts Say Hold These 3 Defensive Stocks With Over 5% Dividend Yields
Portfolio Pulse from Lisa Levin
Wall Street's most accurate analysts recommend holding three defensive stocks with over 5% 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 21, 2023 | 1:07 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Medifast (MED) has a dividend yield of 8.02% and is recommended as a hold by DA Davidson and Jefferies analysts. The company reported better-than-expected first-quarter results.
The hold recommendations from DA Davidson and Jefferies analysts, along with the better-than-expected first-quarter results, suggest that the stock is likely to remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Altria Group (MO) has a dividend yield of 8.64% and is recommended as a hold by Morgan Stanley and Citigroup analysts. The company recently updated its 2023 full-year earnings guidance.
The hold recommendations from Morgan Stanley and Citigroup analysts, along with the updated 2023 full-year earnings guidance, suggest that the stock is likely to remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Walgreens Boots Alliance (WBA) has a dividend yield of 5.88% and is recommended as a hold by Mizuho and UBS analysts. AmerisourceBergen will repurchase 275,984 of its shares from WBA for $50 million.
The hold recommendations from Mizuho and UBS analysts, along with the share repurchase agreement with AmerisourceBergen, suggest that the stock is likely to remain stable in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100