Billionaire Israel Englander bought high-yield dividend stock CVS Health in Q3, potential positive changes.

From NASDAQ MarketSite: 2024-11-25 04:47:00

Israel “Izzy” Englander’s net worth exceeds $14 billion, with no need for dividend income. Despite this, he made significant trades in Q3, including a major buy of high-yield dividend stock. Englander also increased stakes in existing holdings like S&P 500 ETF and Spotify Technology, but his 724% increase in CVS Health stands out.

CVS Health’s forward dividend yield of 4.62% and attractive valuation contrast with performance struggles. Recent CEO change and industry challenges create uncertainty. Share price has dropped nearly 50% from its peak. With new board appointments and Englander’s increased stake, potential positive changes may be on the horizon.

Experts issue “Double Down” stock recommendations for upcoming opportunities. Past successes include Nvidia, Apple, and Netflix with significant returns. Currently, alerts are issued for three companies with promising potential for growth. Don’t miss this chance to invest before it’s too late.

John Mackey, former CEO of Whole Foods Market, and Amazon subsidiary board member, is affiliated with The Motley Fool. The Motley Fool has positions in Amazon and Spotify Technology, recommending CVS Health. Consideration of expert advice and market trends is essential for informed investment decisions.



Read more at NASDAQ MarketSite: Billionaire Israel Englander Bought This High-Yield Dividend Stock Hand Over Fist in Q3. Should You Buy It Too?