In this article, we discuss the 5 best dividend stocks to buy according to Tiger Cub Rob Citrone. If you want to read our detailed analysis of Citrone’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Tiger Cub Rob Citrone.
5. Intel Corporation (NASDAQ: INTC)
Percentage of Rob Citrone’s 13F Portfolio: 6.87%
Number of Hedge Fund Holders: 83
Intel Corporation (NASDAQ: INTC) is a semiconductor-producing technology company that also manufactures essential technologies for the cloud, smart and connected devices. The company operates internationally and is ranked 5th on our list of the best dividend stocks to buy according to Tiger Cub Rob Citrone.
On June 10th it was reported that Intel Corporation (NASDAQ: INTC) made an offer to purchase SiFive for over $2 billion. The company also beat Q1 EPS estimates by $0.24 with its $1.39 EPS for the first quarter. Intel Corporation’s (NASDAQ: INTC) revenue and earnings were announced to be $19.67 billion and $3.36 billion respectively. The stock gained 12.97% in the past 6 months and 15.20% year to date. It also has a forward PE ratio of 12.36.
4. Brookfield Renewable Corporation (NYSE: BEPC)
Percentage of Rob Citrone’s 13F Portfolio: 0.47%
Number of Hedge Fund Holders: N/A
Brookfield Renewable Corporation (NYSE: BEPC) is a renewable utility company owning and operating a portfolio of renewable energy generating facilities. The company mostly operates in North America, Europe, Colombia, and Brazil, and works with hydroelectric, wind, and solar power plants. It ranks 4th on our list of the best dividend stocks to buy according to Tiger Cub Rob Citrone.
3. Intercorp Financial Services Inc. (NYSE: IFS)
Percentage of Rob Citrone’s 13F Portfolio: 0.31%
Number of Hedge Fund Holders: 5
Intercorp Financial Services Inc. (NYSE: IFS) is a banking and financial services company that provides banking, insurance, and wealth management services for consumers in Peru. The company also provides corporate, medium-size business, and small business banking services. It ranks 3rd on our list of the best dividend stocks to buy according to Tiger Cub Rob Citrone.
Intercorp Financial Services Inc. (NYSE: IFS) beat EPS estimates for the first quarter of 2021 by $0.59 and had EPS of $1.25. The company also reported a revenue of $1.13 billion in the first quarter alongside $526.27 million in earnings.
By the end of the first quarter of 2021, 5 hedge funds out of the 886 tracked by Insider Monkey held shares in Intercorp Financial Services Inc. (NYSE: IFS). The total value of their stakes was roughly $35 million. This is compared to 6 hedge fund holders in the previous quarter with stakes worth about $38 million.
2. Pfizer Inc. (NYSE: PFE)
Percentage of Rob Citrone’s 13F Portfolio: 0.75%
Number of Hedge Fund Holders: 65
Pfizer Inc. (NYSE: PFE) is a healthcare company that manufactures biopharmaceutical products across the world. It also offers medicines and vaccines and was one of the first healthcare companies to release a vaccine for the coronavirus. The company ranks 2nd on our list of the best dividend stocks to buy according to Tiger Cub Rob Citrone.
Pfizer Inc. (NYSE: PFE) beat EPS estimates for the first quarter of 2021 by $0.16 with $0.93 in EPS. The company also reported an 8% growth operationally in its revenue, where the Pfizer-BioNTech vaccine was responsible for bringing in $3.5 billion in the first quarter. The company gained 3.34% in the past 6 months and 6.76% year to date, with $14.58 billion in revenue, beating estimates by $961.32 million.
By the end of the first quarter of 2021, there were 65 hedge funds out of the 886 tracked by Insider Monkey that held stakes in Pfizer Inc. (NYSE: PFE). The total value of these stakes was roughly $2.01 billion. Comparatively, in the previous quarter, there were 63 hedge fund holders whose total stake value came up to roughly $1.85 billion.
ClearBridge Investments, an investment management firm, mentioned Pfizer Inc. (NYSE: PFE) in its first-quarter 2021 investor letter. Here’s what they said:
“Our underweights in health care and staples contributed to relative performance during the period. As we continue to focus the portfolio on high-conviction ideas, we sold Pfizer in late 2020, in the health care sector.”
1. Exxon Mobil Corporation (NYSE: XOM)
Percentage of Rob Citrone’s 13F Portfolio: 0.39%
Number of Hedge Fund Holders: 65
Exxon Mobil Corporation (NYSE: XOM) is an oil and gas integrated company that explores for crude oil and natural gas in the US and internationally. The company ranks 1st on our list of the best dividend stocks to buy according to Tiger Cub Rob Citrone.
On June 15th, the Bank of America commented that Exxon Mobil Corporation (NYSE: XOM) is recovering after years of lagged performance and may raise its dividend before the end of the year. BofA also commented that the company can bring net debt to cap back within its 20% – 25% target range with its 2021 free cash flow yield of approximately 10%. This would allow it to raise its dividend by the fourth quarter. The company also has plans to go ahead with spending around $240 million on Baton Rouge refinery’s modernization, as of June 10th.
The company’s first-quarter results showed that it beat EPS estimates by $0.05 with an EPS of $0.65 that quarter. Revenue estimates were also beaten by $2.89 billion with Exxon Mobil Corporation’s (NYSE: XOM) first-quarter revenue of $59.15 billion. The company’s forward PE ratio is 17.84 and it has gained 47.43% in the past 6 months plus 54.46% year to date.
By the end of the first quarter of 2021, there were 65 hedge funds out of the 886 tracked by Insider Monkey that held stakes in Exxon Mobil Corporation (NYSE: XOM). The total value of these stakes was roughly $2.77 billion. Comparatively, in the previous quarter, there were 63 hedge fund holders whose total stake value came up to roughly $2.21 billion.
You can also take a peek at 10 Best Stocks To Buy and Hold For 5 Years and Top 15 Dividend Stocks With Upside Potential.
