In this article, we discuss the 5 dividend stocks to buy according to billionaire Louis Bacon. If you want to read our detailed analysis of Bacon’s history, investment philosophy, and hedge fund performance, go directly to the 10 Dividend Stocks to Buy According to Billionaire Louis Bacon.
5. The Interpublic Group of Companies, Inc. (NYSE:IPG)
Moore Global Investments Stake Value: $5,427,000
Percentage of Moore Global Investments’ 13F Portfolio: 0.08%
Number of Hedge Fund Holders: 31
Dividend Yield: 2.93%
The Interpublic Group of Companies, Inc. (NYSE:IPG) is a publicly listed advertising corporation based in the United States. Louis Bacon’s Moore Global Investments initiated a stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) during the first quarter of 2011, purchasing 200,000 shares of the company.
The Interpublic Group of Companies, Inc. (NYSE:IPG) issued a quarterly dividend of $0.27 per share in November, which was in line with the previous. In October, JPMorgan analyst Alexia Quadrani raised her price target on The Interpublic Group of Companies, Inc. (NYSE:IPG) to $43 from $38 and reiterated an “Overweight” rating on the shares.
At the end of the third quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $643.16 million in The Interpublic Group of Companies, Inc. (NYSE:IPG), same as in the preceding quarter worth $647.81 million.
Ariel Investments, an investment management firm, in its third-quarter 2021 investor letter mentioned The Interpublic Group of Companies, Inc. (NYSE:IPG). Here is what the fund said:
“Marketing communication company, Interpublic Group of Companies, Inc. (IPG) was the top contributor over the trailing one-year period. Notably, IPG is delivering a stronger than expected revenue mix between Technology and Healthcare relative to its peer group, solid cost containment and margin expansion. Meanwhile, the company continued to focus on de-levering the balance sheet. In our view, IPG’s Acxiom acquisition for data has proven to be a winner, helping the company increase their revenue across all eight major advertising sectors by industry. We believe these results continue to demonstrate the strength and resiliency of the business model and expect IPG to be a beneficiary of increasing advertising and marketing budgets across an improving global economy.”
4. Lockheed Martin Corporation (NYSE:LMT)
Moore Global Investments Stake Value: $5,608,000
Percentage of Moore Global Investments’ 13F Portfolio: 0.08%
Number of Hedge Fund Holders: 51
Dividend Yield: 3.26%
Lockheed Martin Corporation (NYSE:LMT) is a multinational aerospace, defense, information security, and technology company in the United States.
In October, Wells Fargo analyst Matthew Akers reduced his price objective on Lockheed Martin Corporation (NYSE:LMT) from $385 to $340 but kept an “Equal-Weight” rating on the stock. The analyst points out that the company’s forecast for 2022 was far lower than expected, reinforcing his conviction that defense forecasts are overly optimistic.
At the end of Q3, 51 hedge funds tracked by Insider Monkey reported owning stakes in Lockheed Martin Corporation (NYSE:LMT), down from 58 in the preceding quarter. Moore Global Investments increased its activity in Lockheed Martin Corporation (NYSE:LMT) by 38% in Q3. The company now represents 0.08% of the hedge fund’s 13F portfolio.
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.
2. Janus Henderson Group plc (NYSE:JHG)
Moore Global Investments Stake Value: $36,536,000
Percentage of Moore Global Investments’ 13F Portfolio: 0.55%
Number of Hedge Fund Holders: 24
Dividend Yield: 3.69%
Janus Henderson Group plc (NYSE:JHG) is a multinational asset management firm based in London. One of the prominent Janus Henderson Group plc (NYSE:JHG) stakeholders is Trian Partners, holding a $979.62 million position in the company.
The Janus Henderson Group plc’s (NYSE:JHG)’s EPS for the third quarter came in at $1.16, beating analysts’ expectations by $0.17. In addition, the company’s board announced a $0.38 per share third-quarter dividend on October 27, 2021, in line with the previous.
Moore Global Investments holds 883,998 shares in Janus Henderson Group plc (NYSE:JHG), worth $36.54 million, which represents 0.55% of the firm’s Q3 portfolio.
1. Exxon Mobil Corporation (NYSE:XOM)
Moore Global Investments Stake Value: $4,500,000
Percentage of Moore Global Investments’ 13F Portfolio: 0.06%
Number of Hedge Fund Holders: 64
Dividend Yield: 5.77%
Moore Global Investments made its first investment in Exxon Mobil Corporation (NYSE:XOM) during the third quarter of 2012, worth $2.29 million. In Q3 2021, the fund owns shares worth over $4.50 million in the company, which represented 0.06% of the hedge fund’s 13F portfolio.
JPMorgan analyst Phil Gresh increased his price objective on Exxon Mobil Corporation (NYSE:XOM) to $83 from $81 on December 9 and maintained an “Overweight” rating on the stock.
At the end of Q3, 64 hedge funds tracked by Insider Monkey reported owning stakes in Exxon Mobil Corporation (NYSE:XOM), down from 68 in the preceding quarter. Rajiv Jain’s hedge fund, GQG Partners, was the company’s largest shareholder in Q3, holding shares worth $1.56 billion.
First Eagle Investment Management, in its second-quarter 2021 investor letter, mentioned Exxon Mobil Corporation (NYSE:XOM). Here is what the firm has to say:
“Leading contributors in the First Eagle Global Fund this quarter included Exxon Mobil Corporation. The continued recovery in oil prices as economies reopen helped fuel another strong performance across the energy complex, including shares of Exxon Mobil. Exxon Mobil recently lost a proxy fight with an activist investor that took three of the company’s 12 board seats. While the press was focused on the investor’s concerns over Exxon Mobil’s long-term energy transformation strategy, other factors fundamental to shareholder returns—like capital discipline and balance sheet management—were also at play.”
You can also take a peek at 10 Canadian Dividend Stocks to Buy for 2022 and 10 Healthcare Dividend Stocks with Over 3% Yield
