5 Best Large Cap Dividend Stocks to Buy Now

2. AT&T Inc. (NYSE: T)

Number of Hedge Fund Holders: 63
Dividend Yield: 7.1

AT&T Inc. (NYSE: T) is a communications services company offering wireless voice and data communications services, broadband, wireline telecom services, handsets, wireless data cards, and a range of other telecommunication, media, and technology products and services across the globe. It ranks 2nd on our list of the best large cap dividend stocks to buy now.

AT&T Inc. (NYSE: T) shares have a Buy rating and a 12-month target price of $36 at Tigress Financial, set by analyst Ivan Feinseth, in light of the company’s refocusing on organic communication subscriber growth.

In the first quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.86, beating estimates by $0.08. The company’s revenue was $43.94 billion, up 2.71% year over year and beating estimates by $1.27 billion.

By the end of the first quarter of 2021, 63 hedge funds out of the 866 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.701 billion. This is compared to 58 hedge funds in the previous quarter with stakes worth approximately $1.04 billion.