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10 Health Care Stocks Warren Buffett Owns That Offer Safety and Dependable Dividends
February 14, 2022 11:08 am
Last Updated: February 14, 2022 11:14 am
The company’s five key marketed products are among the top-selling pharmaceutical products in the world, with the company having expected collective revenues of more than $27 billion in 2022.
Shareholders receive a 3.40% dividend. The shares have traded in a 52-week range of $198.64 to $261.00, and Amgen stock has a consensus target of $247.04. The final trade for Monday came in at $228.20.
This is a strong health care play, especially with hospitals and doctors starting non-COVID-19-related procedures back up in a big way. Baxter International Inc. (NYSE: BAX) provides a portfolio of renal and hospital products.
Its Renal segment provides products and services to treat end-stage renal disease, irreversible kidney failure and acute kidney therapies. This segment offers a comprehensive portfolio to meet the needs of patients across the treatment continuum, including technologies and therapies for peritoneal dialysis, in-center hemodialysis (HD), home HD, continuous renal replacement therapy and additional dialysis services.
The Hospital Products segment manufactures intravenous (IV) solutions and administration sets, premixed drugs and drug-reconstitution systems, pre-filled vials and syringes for injectable drugs, IV nutrition products, infusion pumps, inhalation anesthetics and biosurgery products. This segment also provides products and services related to pharmacy compounding, drug formulation and packaging technologies.
Shareholders receive a 1.28% dividend. Over the past 52 weeks, the stock has traded between $73.12 and $89.70. The consensus price objective is $97.80, and Baxter stock closed Friday trading at $85.91.
Many on Wall Street feel the growth potential of this solid health care company is not appreciated. Cerner Corp. (NASDAQ: CERN) provides health care information technology solutions and tech-enabled services in the United States and internationally.
It offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical, financial and management information systems that allow providers to access an individual’s electronic health record (EHR) at the point of care and organizes and delivers information for physicians, nurses, laboratory technicians, pharmacists, front- and back-office professionals and consumers.
Cerner also provides HealtheIntent platform, a cloud-based platform to aggregate, transform and reconcile data across the continuum of care. Its CareAware is an EHR agnostic platform that facilitates connectivity of health care devices to EHRs. In addition, the company offers a portfolio of clinical and financial health care information technology solutions, as well as departmental and care coordination solutions.
Further, it provides tech-enabled services, such as implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, real-world evidence, clinical process optimization, transaction processing, employer health centers, employee wellness programs and third-party administrator services, as well as complementary hardware and devices for third parties.
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