Value Crushes Growth to Start 2023: 7 Defensive ‘Strong Buy’ Stocks With Big Dividends

  • Pneumococcal disease, meningococcal disease, tick-borne encephalitis and COVID-19 under the Comirnaty/BNT162b2, Nimenrix, FSME/IMMUN-TicoVac, Trumenba and the Prevnar family brands
  • Biosimilars for chronic immune and inflammatory diseases under the Xeljanz, Enbrel, Inflectra, Eucrisa/Staquis and Cibinqo brands
  • Amyloidosis, hemophilia and endocrine diseases under the Vyndaqel/Vyndamax, BeneFIX and Genotropin brands

Shareholders receive a 3.56% dividend. Pfizer stock has a $60 price objective Goldman Sachs, and the consensus price target is set at $55.30. The shares ended Wednesday over 2% lower to $45.00.

Walgreens

This huge drugstore chain operator is a safe retail play for investors looking to add health care now, and it trades at a cheap 7.5 times 2023 earnings expectations. Walgreens Boots Alliance Inc. (NASDAQ: WBA) operates as a pharmacy-led health and beauty retail company. It operates through three segments.

The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores. It also provides specialty pharmacy services and mail services; this segment operates nearly 10,000 retail stores under the Walgreens and Duane Reade brands in the United States; and six specialty pharmacies.

The Retail Pharmacy International segment sells prescription drugs and health and wellness, beauty, personal care and other consumer products through its pharmacy-led health and beauty stores and optical practices, as well as online and an integrated mobile application. This segment operated 4,428 retail stores under the Boots, Benavides and Ahumada in the United Kingdom, Thailand, Norway, the Netherlands, Mexico and elsewhere, and 550 optical practices, including 165 on a franchise basis.

The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home health care supplies and equipment, as well as provides related services to pharmacies and other health care providers.

The company pays a 5.17% dividend. The Cowen target price is $54. The consensus target is just $41.62. Walgreens Boots Alliance stock ended Wednesday at $35.61, down almost 2% on the day.

These seven top companies have shares that are cheap on price-to-earnings metrics, and they all pay dependable dividends. While they may not have any parabolic moves higher coming anytime soon, they all offer slow and steady growth and the ability to weather economic storms, which we are very likely to wind up in later this year as a recession appears to be on the horizon.

Originally published at 24/7 Wall St.

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