According to the recent study by Bespoke Investment Group, analysts are bullish about 13 stocks on which higher than 70% of the analyts have buy ratings in the Standard & Poor’s 500. Three of these stocks are AbbVie Inc (NYSE:ABBV), Medtronic, Inc. (NYSE:MDT) and Union Pacific Corporation (NYSE:UNP).
AbbVie Inc (NYSE:ABBV) is one of the leading pharmaceuticals companies operating worldwide. The company discovers and sells different kinds of pharmaceutical products. Recently, AbbVie Inc (NYSE:ABBV) offer $54 billion for the acquisition of of UK based Shire PLC ADR (SHPG). The company has a market cap of $88.8 billion, P/E ratio of 21.5 and dividend yield of 3.02%. 71% of the analysts have buy ratings on AbbVie Inc (NYSE:ABBV). Jacob Doft’s Highline Capital Management is also very bullish about the company. Jacob Doft has $127 million invested on AbbVie Inc (NYSE:ABBV) at the end of second quarter. (You can see complete list of Jacob Doft’s holdings here).
Medtronic, Inc. (NYSE:MDT) provides medical technology and operates worldwide. The company has two operational segments include Cardiac and Vascular Group and CardioVascular, and Restorative Therapies Group. Medtronic, Inc. (NYSE:MDT) is planning a merger with Covidien plc (COV). Recently, Medtronic, Inc. (NYSE:MDT) made an offer of $43 billion for the acquisition of Covidien. 75% of the analysts have buy ratings on Medtronic, Inc. (NYSE:MDT). The company has a market cap of $63.1 billion, P/E ratio of 21 and dividend yield of 1.93%. Ric Dillon’s Diamond Hill Capital and Daniel S. Och’s Oz Management are the major investors of the company.
Union Pacific Corporation (NYSE:UNP)is a holding company which has transportation companies. The company recently announced dividend increase of 10% for the third quarter of 2014.
According to CFO of Union Pacific Corporation (NYSE:UNP), Rob Knight,
“It all starts with earning reinvestable returns, which allows us to increase cash to shareholders while supporting strong capital investments for safety, service, and growth. In keeping with our dividend payout target range of 30 to 35 percent on a declared basis, we’ve now increased our dividend at a double-digit rate in three of the past five quarters.”
Union Pacific Corporation (NYSE:UNP)has a market cap of $94.5 billion, P/E ratio of 20.5 and dividend yield of 1.9%. 71% of the analysts have buy ratings on the company. Ken Griffin’s Citadel Investment Group had $238 million invested on the company at the end of second quarter. Ken Griffin has increased his holdings of the company by 94% during the second quarter of 2014.
