Blue-chip dividend stocks are likely to be among the most popular equities among investors. These companies provide consistent dividend income as well as the benefits of investing in a well-known company. Hedge funds are becoming interested in Microsoft Corporation and JPMorgan Chase & Co. According to Forbes, there was a spike in blue-chip stock selloffs in June. This would be a fantastic purchasing opportunity for investors, rather than something to be concerned about. Dividend companies have also outperformed other stocks in general.
Insider Monkey takes a look at the 10 best blue chip dividend stocks hedge funds are buying. Hedge funds are purchasing Activision Blizzard, Inc., which is ranked 10th on our list of the best blue chip dividend stocks. Call of Duty and World of Warcraft are two of the company’s games. It has increased by 1.80% in the last six months and by 2.69 percent year to date. NIKE, Inc. is ranked 9th. The company’s revenue was $12.34 billion, up 95.53 percent year over year and $1.32 billion higher than analysts’ expectations. Merck & Co. is ranked eighth. Revenue was $12.08 billion, up 0.19 percent year over year but $567.83 million short of expectations. Bristol-Myers Squibb Company is ranked 7th. The stock has increased by 2.01% in the last six months and by 10.59% year to date. Louise Chen of Cantor Fitzgerald has maintained the firm’s Overweight rating on Johnson & Johnson shares, as well as its $200 price target. Hedge funds are buying the healthcare company in sixth place on the ranking of the finest blue chip dividend companies. For more details, click 10 Best Blue Chip Dividend Stocks Hedge Funds Are Buying.