In this article, we discuss 5 dividend stocks that billionaire George Soros owns. If you want to read our detailed analysis of Soros’ investment philosophy and his hedge fund’s performance, go directly to read 10 Dividend Stocks That Billionaire George Soros Owns.
5. NIKE, Inc. (NYSE:NKE)
Soros Fund Management’s Stake Value: $7,455,877
Dividend Yield as of February 21: 1.11%
NIKE, Inc. (NYSE:NKE) is an American manufacturing company, based in Oregon. The company specializes in the production of footwear, apparel, and other accessories. In January, Wells Fargo raised its price target on the stock to $146 with an Overweight rating on the shares. The firm highlighted the company’s global sports apparel and footwear market share analysis.
On February 9, NIKE, Inc. (NYSE:NKE) declared a quarterly dividend of $0.34 per share, which fell in line with its previous dividend. The company has been raising its dividends consistently for the past 21 years. The stock has a dividend yield of 1.11%, as recorded on February 21.
In the fourth quarter of 2022, Soros Fund Management owned NKE stakes worth over $7.4 million. The company made up 0.1% of billionaire George Soros’ portfolio.
At the end of Q4 2022, 71 hedge funds tracked by Insider Monkey reported owning stakes in NIKE, Inc. (NYSE:NKE), up from 70 in the previous quarter. The collective value of these stakes is over $4 billion. Fundsmith LLP was the company’s leading stakeholder.
RiverPark Advisors mentioned NIKE, Inc. (NYSE:NKE) in its Q4 2022 investor letter. Here is what the firm has to say:
“NIKE, Inc. (NYSE:NKE) shares were a top contributor for 4Q as the company reported solid 2Q23 results and raised its annual guidance. Nike reported 17% revenue growth (27% on a currency neutral basis) and $0.85 EPS, both significantly greater than expectations. Management raised its F23 outlook to low teens currency-neutral revenue growth.
Nike is, by far, the leading athletic footwear, apparel, and equipment company in the world with over $46 billion in revenue, $6 billion in 2021 annual free cash flow, and over $4 billion of excess cash. We believe that the continued global secular growth trend towards active wear will continue to aid Nike’s top-line growth, while we expect gross and operating margin improvements as it shifts its product mix to more premium products and adopts a more direct to consumer approach, driving long-term mid-teens or higher annual EPS growth for the foreseeable future.”
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4. QUALCOMM Incorporated (NASDAQ:QCOM)
Soros Fund Management’s Stake Value: $7,624,339
Dividend Yield as of February 21: 2.40%
QUALCOMM Incorporated (NASDAQ:QCOM) is a California-based multinational semiconductor company. In the fourth quarter of 2022, Soros Fund Management owned over $7.6 million worth of stakes in the company, which made up 0.1% of billionaire George Soros’ portfolio.
On January 18, QUALCOMM Incorporated (NASDAQ:QCOM) declared a quarterly dividend of $0.75 per share, consistent with its previous dividend. The company is one of the best dividend stocks on our list as it has been raising its dividends consistently since 2003. The stock has a dividend yield of 2.40%, as of February 21.
As of the close of Q4 2022, 82 hedge funds in Insider Monkey’s database reported owning stakes in QUALCOMM Incorporated (NASDAQ:QCOM), up from 80 in the previous quarter. These stakes have a collective value of nearly $2.4 billion.
Madison Investment Management mentioned QUALCOMM Incorporated (NASDAQ:QCOM) in its Q4 2022 investor letter. Here is what the firm has to say:
“QUALCOMM Incorporated (NASDAQ:QCOM) continues to be challenged by headwinds in the smartphone supply chain with an expected decline in units for 2022. Despite solid gains in the Internet of Things and Auto segments, Qualcomm’s dominant business remains the smartphone market. We expect to see stabilization of the smartphone market in 2023, including a recovery in China.”
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3. Union Pacific Corporation (NYSE:UNP)
Soros Fund Management’s Stake Value: $14,747,732
Dividend Yield as of February 21: 2.65%
Union Pacific Corporation (NYSE:UNP) is an American transport company. The company has been raising its dividends consistently for the past 15 years. It currently pays a quarterly dividend of $1.30 per share and has a dividend yield of 2.65%, as recorded on February 21.
During the fourth quarter of 2022, Soros Fund Management boosted its position in Union Pacific Corporation (NYSE:UNP) by 25%. The firm’s total stake in the company amounted to over $14.7 million. The company represented 0.2% of billionaire George Soros’ portfolio.
Union Pacific Corporation (NYSE:UNP) was a popular buy among elite funds in Q4 2022 as 83 hedge funds in Insider Monkey’s database owned stakes in the company, up from 74 in the previous quarter. The collective value of these stakes is nearly $5.4 billion.
Diamond Hill Capital Management mentioned Union Pacific Corporation (NYSE:UNP) in its Q2 2022 investor letter. Here is what the firm has to say:
“Union Pacific Corporation (NYSE:UNP) is a large railroad company that carries freight across the western US and between Canada and Mexico. It transports a variety of industrial goods, raw materials and containerized freight between major US ports, industrial hubs and international gateways. The goods that Union Pacific and other railroads transport are fundamental inputs in the economy and are resilient to long-term trends in the business cycle. We believe Union Pacific offers a compelling investment opportunity as its substantial infrastructure investments, relative cost advantages, limited leverage and the essential nature of the products it delivers provides the company with what we believe is one of the widest moats in the transportation sector. We also like that Union Pacific has a shareholder-oriented management team that is focused on growing earnings while returning capital to shareholders.”
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2. Accenture plc (NYSE:ACN)
Soros Fund Management’s Stake Value: $26,113,496
Dividend Yield as of February 21: 1.66%
An Irish-American technology company, Accenture plc (NYSE:ACN) is next on our list of dividend stocks in billionaire George Soros’ portfolio. His hedge fund owned ACN stakes worth over $26 million in the fourth quarter of 2022. The company accounted for 0.35% of the firm’s 13F portfolio.
Accenture plc (NYSE:ACN) maintains a 17-year streak of consistent dividend growth. The company currently offers a quarterly dividend of $1.12 per share and has a dividend yield of 1.66%, as of February 21.
As per Insider Monkey’s Q4 2022 database, 63 hedge funds owned investments in Accenture plc (NYSE:ACN), worth nearly $3 billion collectively. In the previous quarter, 58 hedge funds held stakes in the company, with a total value of $3.47 billion.
Distillate Capital Partners LLC mentioned Accenture plc (NYSE:ACN) in its third-quarter 2022 investor letter. Here is what the firm has to say:
“The largest new purchases includes Accenture plc (NYSE:ACN). Accenture modestly lagged the market last quarter and became similarly attractive enough to warrant ownership. Similar to our prior presentations, one way to visualize the current portfolio and note recent changes versus the benchmark is to look at scatter plot of all of Distillate’s FSV holdings versus those in the benchmark with valuation on the vertical axis and free cash ϲow stability on the horizontal axis.”
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1. Intuit Inc. (NASDAQ:INTU)
Soros Fund Management’s Stake Value: $33,061,125
Dividend Yield as of February 21: 0.79%
Intuit Inc. (NASDAQ:INTU) is a California-based business software company that mainly deals in financial software. The company currently pays a quarterly dividend of $0.78 per share and has a dividend yield of 0.79%, as of February 21. It has been rewarding shareholders with increased dividends for consecutive 10 years.
Soros Fund Management initiated its position in Intuit Inc. (NASDAQ:INTU) during the first quarter of 2013 with shares worth over $12 million. In the most recent quarter, the hedge fund owned an INTU stake worth over $33 million. The company represented 0.45% of billionaire George Soros’ portfolio.
At the end of Q4 2022, 92 hedge funds tracked by Insider Monkey reported owning stakes in Intuit Inc. (NASDAQ:INTU), up from 86 in the previous quarter. The collective value of these stakes is over $5.6 billion.
Fundsmith mentioned Intuit Inc. (NASDAQ:INTU) in its annual 2022 investor letter. Here is what the firm has to say:
“Take the example of Microsoft and Intuit Inc. (NASDAQ:INTU). Microsoft shares are currently being valued at a P/E ratio of 25.0 times the consensus EPS estimate for the fiscal year ending June 2023. Meanwhile, Intuit is being valued at 28.4 times the non-GAAP consensus estimate for the fiscal year ending July 2023. Many investors and analysts may accept that Intuit is trading at a higher multiple given expectations of greater growth potential. However, Intuit removes share-based compensation from their non-GAAP EPS whereas Microsoft does not. Given that Intuit’s GAAP EPS guidance for the year ending 31st July 2023 is $6.92–$7.22, its non-GAAP guidance is $13.59–$13.89, and the consensus estimate for 2023 EPS is at $13.69, it seems clear that most sell-side analysts are accepting the company’s non-GAAP adjustments, which includes the removal of some $1.8bn of share-based compensation, in their estimates. If we include the impact of share-based compensation in Intuit’s 2023 EPS to make a more apples-to-apples comparison with Microsoft based upon GAAP EPS, Intuit’s 2023 EPS would be closer to $9, meaning that the shares would be trading at a multiple of about 43 times. I think investors and analysts may find a premium of 14% for Intuit over Microsoft (28.4 times versus 25.0 times) to be reasonable. I’m not so sure they are fully aware that Intuit shares are actually trading at a premium of 73% if share-based compensation is treated in the same manner between the two companies.
Many investors and analysts, including us, look to cash flow metrics more than accrual profits. Unfortunately, share-based compensation may cause distortions in cash flow metrics as well, even when they follow GAAP. Under GAAP, share-based compensation is added back in the cash flow from operating activities, which in turn is used in the computation of free cash flow. ..” (Click here to read the full text)
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