In this article, we take a look at the top 10 dividend stocks to buy according to Bernard Horn’s Polaris Capital. You can skip our detailed analysis of Horn’s investment strategy and go straight to 5 Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital.
Bernard Horn founded Polaris Capital in 1995 and currently serves as its President and Portfolio Manager. A graduate of Northeastern University, Bernard Horn previously worked as an investment officer at MDT Advisers, Inc. From 1990 to 1992, he worked at Freedom Capital Management as a vice president and portfolio manager. He also went on to found and become principal at Horn & Company.
At Boston-based Polaris Capital, Bernard Horn manages approximately $3.13 billion in assets from a diverse client base. The fund focuses primarily on stocks in the Financial, Healthcare, Services, Consumer Goods, and Other industries. Polaris Capital has one of the longest international equity track records of any firm in operation and is continuously managed by the same individuals. Horn’s investment philosophy combines a quantitative global valuation model and investment technology with a traditional fundamental research model.
Bernard Horn holds a Master’s degree in management from the Alfred P. Sloan School of Management at M.I.T and has a proven track record of 30+ years in the investment world.
10 Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital
Among Horn’s most notable positions are Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC), and JPMorgan Chase & Co. (NYSE: JPM).
Based on the Q3 13F holdings, here is a list of top 10 dividend stocks that Bernard Horn’s Polaris Capital is buying.
Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital
10. Marathon Petroleum Corporation (NYSE:MPC)
Polaris Capital’s Stake Value: $74.83 million
Percentage of Polaris Capital’s 13F portfolio: 2.38%
Total Number of Hedge Fund Holders: 43
Dividend Yield: 3.78%
Starting off this list is Marathon Petroleum Corporation (NYSE: MPC), a company that deals in the refining, marketing, and retailing of petroleum products in the United States. The company operates through its two segments: Refining & Marketing, and Midstream.
On November 15, research firm Wells Fargo kept its ‘Overweight’ rating on the company stock, raising the price target to $87 from $73. Analyst Roger Read noted that the US oil refining industry could enjoy growth in 2022, similar to what is seen with oil and gas this year.
The firm posted an EPS of $0.73 for Q3 2021, beating estimates by $0.03. Quarterly revenue stood at $32.61 billion, which beat analysts’ forecasts by $10.44 billion.
Out of the 867 hedge funds tracked by Insider Monkey as of the third quarter of 2021, 43 hedge funds reported owning stakes worth $2.68 billion in Marathon Petroleum Corporation (NYSE: MPC), as compared to $2.61 billion in positions held by 48 hedge funds a quarter earlier.
In addition to Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC), and JPMorgan Chase & Co. (NYSE: JPM), Marathon Petroleum Corporation (NYSE: MPC) is a top stock on the radar of investors.
9. Novartis AG (NYSE:NVS)
Polaris Capital’s Stake Value: $41,000
Percentage of Polaris Capital’s 13F portfolio: 0.001%
Total Number of Hedge Fund Holders: 22
Dividend Yield: 3.91%
According to the regulatory filings for Q3 2021, Bernard Horn reported owning 500 shares in Novartis AG (NYSE: NVS), a company engaged in the development, manufacturing, and marketing of healthcare products.
Novartis AG (NYSE: NVS) reported an EPS of $1.71 for the third quarter of 2021, beating estimates by $0.05. The company posted $13.03 billion in revenue for the quarter, exceeding analysts’ forecasts by $14.29 million,
By end of September, 22 hedge funds reported holdings positions in Novartis AG (NYSE: NVS) worth $1.43 billion, as compared to the previous quarter where the same number of hedge funds held $1.79 billion worth of positions in the company.
8. F.N.B. Corporation (NYSE:FNB)
Polaris Capital’s Stake Value: $1.72 million
Percentage of Polaris Capital’s 13F portfolio: 0.05%
Total Number of Hedge Fund Holders: 19
Dividend Yield: 3.99%
Then there’s F.N.B. Corporation (NYSE: FNB), a Pittsburgh-based financial services company that operates through its segments: Community Banking, Wealth Management, Insurance, and Other. According to 13F filings for Q3 2021, Bernard Horn reported owning 148,480 shares in the company, valued at $1.72 million.
As of Q3 2021, 19 hedge funds reported owning shares in F.N.B. Corporation (NYSE: FNB). The total value of these holdings was $112.77 million. This shows investors are loading up on the company stock, as only 16 hedge funds held $55.89 million worth of positions in the previous quarter.
F.N.B. Corporation (NYSE: FNB) released its Q3 earnings on 18th October 2021 and reported earnings per share of $0.34, which beat consensus estimates by $0.05.
7. People’s United Financial, Inc. (NASDAQ:PBCT)
Polaris Capital’s Stake Value: $1.54 million
Percentage of Polaris Capital’s 13F portfolio: 0.04%
Total Number of Hedge Fund Holders: 19
Dividend Yield: 4.10%
Ranking 7th on our list of top dividend stocks to buy according to Bernard Horn is People’s United Financial, Inc. (NASDAQ: PBCT), a banking and financial holding company that deals in the provision of banking and wealth management services to consumers, businesses, and municipal entities.
As of the end of September, People’s United Financial, Inc. (NASDAQ: PBCT) reported an EPS of $0.33 for the third quarter, beating estimates by $0.01.
As of the third quarter of 2021, 19 hedge funds out of 867 tracked by Insider Monkey reported owning stakes worth $222.65 million in People’s United Financial, Inc. (NASDAQ: PBCT). This shows an improvement from last quarter, where $219.17 million worth of positions were held by 24 hedge funds.
6. Amcor plc (NYSE:AMCR)
Polaris Capital’s Stake Value: $153.93 million
Percentage of Polaris Capital’s 13F portfolio: 4.9%
Total Number of Hedge Fund Holders: 19
Dividend Yield: 4.16%
Amcor plc (NYSE: AMCR) is a Swiss company that deals in the production and provision of packaging materials for food, beverage, pharmaceutical, medical and various personal and home-care needs.
In the third quarter of 2021, 19 hedge funds out of 867 tracked by Insider Monkey held positions in the packaging manufacturer. The total value of these holdings stood at $214.11 million. In contrast, 16 hedge funds held $212.57 worth of positions in the company a quarter earlier.
The company posted an EPS of $0.18 for Q3 2021, which was in line with consensus estimates. Quarterly revenue stood at $3.42 billion, which was above analysts’ forecasts by $143.99 million.
Along with Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC), and JPMorgan Chase & Co. (NYSE: JPM), Amcor plc (NYSE: AMCR) is a leading stock for investment today.
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Disclosure: None. 10 Dividend Stocks to Buy According to Bernard Horn’s Polaris Capital is originally published on Insider Monkey.
