5 Stocks that Helped Warren Buffett Make $4.6 Billion in Dividends

2. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 138
Dividend Yield: 0.6%
Dividend Income Contributed: $780 million

Apple Inc. (NASDAQ: AAPL) is one of the world’s largest tech giants and is next on our list of dividend stocks that helped Warren Buffett make $4.6 billion in dividends. The company is known for its highly successful smartphone brand, the iPhone, among a range of other products. It ranks 2nd on our list and is based in Cupertino, California.

Wedbush analyst Daniel Ives reiterated his Outperform rating on shares of Apple Inc. (NASDAQ: AAPL) just this August. The analyst also has a $185 price target on the stock.

In the fiscal third quarter of 2021, Apple Inc. (NASDAQ: AAPL) had an EPS of $1.30, beating estimates by $0.29. The company’s revenue was $81.43 billion, up 36.44% year over year and beating estimates by $8.09 billion. Apple Inc. (NASDAQ: AAPL) has gained 12.7% in the past 6 months and 13,1% year to date.

By the end of the second quarter of 2021, 138 hedge funds out of the 873 tracked by Insider Monkey held stakes in Apple Inc. (NASDAQ: AAPL) worth roughly $146 billion. This is compared to 127 hedge funds in the previous quarter with a total stake value of approximately $131 billion.