5 High Dividend Stocks Picked By Billionaire Gabelli

2. AT&T Inc. (NYSE:T)

GAMCO Investors’ Stake Value: $30.8 million
Percentage of GAMCO Investors’ 13F Portfolio: 0.26%
Number of Hedge Fund Holders: 68
Dividend Yield: 8.20%

On October 7, MoffettNathanson analyst Craig Moffett upgraded AT&T Inc (NYSE:T) to Neutral from Sell, with a price target of $28, up from $23.

Mario Gabelli’s hedge fund owns over 1 million shares of AT&T Inc. (NYSE:T), worth more than $30.8 million and representing 0.26% of his fund’s investment portfolio. By the end of the second quarter of 2021, 68 hedge funds out of the 873 tracked by Insider Monkey held stakes in AT&T Inc. (NYSE: T) worth roughly $2.9 billion.