5 Dividend Stocks in Tiger Cub Lee Ainslie’s Portfolio

1. Vale S.A. (NYSE:VALE)

Maverick Capital’s Stake Value: $90,000

Percent of Maverick Capital’s 13F Portfolio: 0.01%

Number of Hedge Fund Holders: 27

Dividend Yield: 19.90% (as of January 4)

With a yield of 19.90%, Vale S.A. (NYSE:VALE) ranks 1st on the list of dividend stocks in Lee Ainslie’s portfolio. The Brazil-based company provides iron ore as raw material to steelmaking operations around the globe and operates through its segments: Ferrous Minerals, Base Metals, and Coal. The firm posted an EPS of $1.26 in the third quarter, beating consensus estimates by $0.19.

On December 9, Morgan Stanley analyst Carlos De Alba upgraded Vale S.A. (NYSE:VALE) to ‘Overweight’ from ‘Equal Weight’, revising the price target to $16.50 from $16. The analyst noted that the stock has corrected, as shares of the company fell 41% from their recent peak after uncertainty around China’s property sector and lower iron prices. De Alba believes the company will benefit as iron ore prices are set to increase in the first half of 2022, on the back of sequentially higher steel output in China.

As of the third quarter, 27 out of 867 elite hedge funds tracked by Insider Monkey disclosed ownership of stakes in Vale S.A. (NYSE:VALE), with a combined value of approximately $1.98 billion. The same number of hedge funds reported owning stakes in the company a quarter ago as well.

You can also take a look at 15 Best Undervalued Stocks to Buy Now and Top 10 Logistics Companies In The World.

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