5 Best Dividend Stocks to Buy According to James Parsons’ Junto Capital Management

2. The Interpublic Group of Companies, Inc. (NYSE: IPG)

Parsons’ Stake Value: $70,250,000
Percentage of James Parsons’ 13F Portfolio: 2.52%
Dividend Yield: 3.23%
Number of Hedge Fund Holders: 29

The Interpublic Group of Companies, Inc. (NYSE: IPG) provides advertising and trading services globally. The company was incorporated in 1902 and is ranked second on the list of 10 best dividend stocks to buy according to James Parsons’ Junto Capital Management. The Interpublic currently has a $12.78 billion market capitalization. It delivered a 94.31% return in the past 12 months.

On July 1, The Interpublic Group of Companies, Inc. (NYSE: IPG) reported that FCB Health and McCann Health will be restructured under a new worldwide web, to be called IPG Health. The healthcare advertising agencies will continue collaborating with IPG’s global advertising networks, using IPG’s collective open architectural design. On May 27, Interpublic Group declared a quarterly dividend of $0.27 per share, in line with the previous.

The Interpublic Group of Companies, Inc. (NYSE: IPG) is a new addition to James Parsons’ hedge fund portfolio, as Junto Capital Management bought 2.41 million shares of the company, worth $70.25 million. The biggest stakeholder of the company is Harris Associates, with 13.37 million shares, worth $390.32 million.