5 Dividend Stocks to Buy According to Billionaire Louis Bacon

3. ViacomCBS Inc. (NASDAQ:VIAC)

Moore Global Investments Stake Value: $7,773,000
Percentage of Moore Global Investments’ 13F Portfolio: 0.11%
Number of Hedge Fund Holders: 64
Dividend Yield: 3.28%

ViacomCBS Inc. (NASDAQ:VIAC) is a media company that generates and distributes content to consumers all over the world through a range of channels. Entertainment, Cable Networks, Publishing, and Local Media are the segments through which it does business.

 On December 14, Macquarie analyst Tim Nollen lowered his price target on ViacomCBS Inc. (NASDAQ:VIAC) from $40 to $32 and maintained a “Neutral” rating on the stock.