Do you value the buying and selling trends of smart money institutional managers? We ran a screen with that idea in mind.
We began by screening the healthcare sector for stocks that offer dividends (yields above 1%).
We then screened for those with bearish sentiment from institutional investors, with significant net institutional sales over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to underperform in the future.
Do you think these stocks are vulnerable to a pullback? Use this list as a starting point for your own analysis. List Average 1-Year Return: 7%.
1. Aetna Inc. (AET, Earnings, Analysts, Financials): Operates as a diversified health care benefits company in the United States. Market cap at $14.91B, most recent closing price at $44.56. Dividend yield at 1.57%. Net institutional sales in the current quarter at -29.8M shares, which represents about 8.94% of the company’s float of 333.36M shares.
2. Amgen Inc. (AMGN, Earnings, Analysts, Financials): Develops, manufactures, and markets human therapeutics based on advances in cellular and molecular biology for grievous illnesses primarily in the United States, Europe, and Canada. Market cap at $67.04B, most recent closing price at $87.29. Dividend yield at 1.65%. Net institutional sales in the current quarter at -41.5M shares, which represents about 5.41% of the company’s float of 767.14M shares.
3. Becton, Dickinson and Company (BDX, Earnings, Analysts, Financials): Develops, manufactures, and sells medical devices, instrument systems, and reagents worldwide. Market cap at $15.66B, most recent closing price at $78.47. Dividend yield at 2.29%. Net institutional sales in the current quarter at -15.9M shares, which represents about 8.03% of the company’s float of 198.05M shares.
4. Coventry Health Care Inc. (CVH, Earnings, Analysts, Financials): Operates as a managed healthcare company in the United States. Market cap at $5.9B, most recent closing price at $44.07. Dividend yield at 1.13%. Net institutional sales in the current quarter at -10.1M shares, which represents about 7.69% of the company’s float of 131.33M shares.
5. Medtronic, Inc. (MDT, Earnings, Analysts, Financials): Manufactures and sells device-based medical therapies worldwide. Market cap at $43.67B, most recent closing price at $42.81. Dividend yield at 2.43%. Net institutional sales in the current quarter at -52.4M shares, which represents about 5.14% of the company’s float of 1.02B shares.
6. Questcor Pharmaceuticals, Inc. (QCOR, Earnings, Analysts, Financials): Provides prescription drugs for central nervous system and inflammatory disorders. Market cap at $1.46B, most recent closing price at $24.96. Dividend yield at 3.21%. Net institutional sales in the current quarter at -3.7M shares, which represents about 7.16% of the company’s float of 51.64M shares.
7. WellPoint Inc. (WLP, Earnings, Analysts, Financials): Operates as a health benefits company in the United States. Market cap at $19.9B, most recent closing price at $61.20. Dividend yield at 1.88%. Net institutional sales in the current quarter at -23.2M shares, which represents about 7.17% of the company’s float of 323.65M shares.
8. Thermo Fisher Scientific, Inc. (TMO, Earnings, Analysts, Financials): Provides analytical instruments, equipment, reagents and consumables, software, and services for research, manufacture, analysis, discovery, and diagnostics. Market cap at $22.6B, most recent closing price at $61.82. Dividend yield at 0.84%. Net institutional sales in the current quarter at -19.0M shares, which represents about 5.26% of the company’s float of 361.47M shares. *** This stock has a dividend yield under 1% – an exception to the rule.
*Institutional data sourced from Fidelity, all other data sourced from Finviz.
Analyze These Ideas: Getting Started
Dig Deeper: Access Company Snapshots, Charts, Filings
- Aetna Inc. (AET, Chart, Download SEC Filings)
- Amgen Inc. (AMGN, Chart, Download SEC Filings)
- Becton, Dickinson and Company (BDX, Chart, Download SEC Filings)
- Coventry Health Care Inc. (CVH, Chart, Download SEC Filings)
- Medtronic, Inc. (MDT, Chart, Download SEC Filings)
- Questcor Pharmaceuticals, Inc. (QCOR, Chart, Download SEC Filings)
- WellPoint Inc. (WLP, Chart, Download SEC Filings)
- Thermo Fisher Scientific, Inc. (TMO, Chart, Download SEC Filings)
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