In this article we will take a look at billionaire Mario Gabelli’s 5 high dividend stock picks. You can see our detailed analysis of Gabelli’s history, investment philosophy, and hedge fund performance, and go directly to the 10 High Dividend Stocks Picked by Billionaire Gabelli.
5. International Business Machines Corporation (NASDAQ:IBM)
GAMCO Investors’ Stake Value: $4.3 million
Percentage of GAMCO Investors’ 13F Portfolio: 0.03%
Number of Hedge Fund Holders: 41
Dividend Yield: 4.59%
International Business Machines Corporation (NYSE:IBM) is a multinational technology company that produces, manufactures and sells computer hardware and software, as well as electronic components. The company also offers integrated solutions and services to its customers. The IT company ranks fifth on our list of the 11 high dividend stocks picked by billionaire Mario Gabelli.
In the second quarter of 2021, International Business Machines Corporation (NYSE: IBM) reported an EPS of $2.33, beating market estimates by $0.04. The company’s revenue for the quarter was $18.75 billion, surpassing estimates by $447.5 million.
According to the recent 13F Filings, GAMCO Investors holds over 29,980 shares of International Business Machines Corporation (NYSE:IBM), amounting to more than $4.3 million in worth. These shares account for 0.03% of the fund’s total portfolio value. By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE:IBM) worth roughly $1.4 billion. The number of hedge funds that held stakes in the company remained the same for both the first and second quarters of 2021.
On October 5, Credit Suisse analyst Matthew Cabral raised his price target on International Business Machines Corporation (NYSE:IBM) to $176 from $167 and kept an Outperform rating on the shares.
4. The Kraft Heinz Company (NASDAQ:KHC)
GAMCO Investors’ Stake Value: $4.57 million
Percentage of GAMCO Investors’ 13F Portfolio: 0.03%
Number of Hedge Fund Holders: 33
Dividend Yield: 4.32%
The Kraft Heinz Company (NASDAQ:KHC), more commonly known simply as Kraft Heinz, is one of the world’s leading food and beverage companies. The Illinoi-based company ranks fourth on our list of the 11 high dividend stocks picked by billionaire Mario Gabelli.
By the end of the second quarter of 2021, 33 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Kraft Heinz Company (NASDAQ:KHC) worth roughly $13.57 billion. The number of hedge funds that held stakes within the company remained the same for the first and second quarter of 2021.
Mario Gabelli’s GAMCO Investors owns 112,233 shares in The Kraft Heinz Company (NASDAQ:KHC), valued at $4.57 million, making up 0.03% of the fund’s 13F portfolio.
On September 21, Morgan Stanley analyst Pamela Kaufman initiated coverage of The Kraft Heinz Company (NASDAQ:KHC) with an Equal Weight rating alongside a price target of $37 on its shares.
3. Verizon Communications Inc. (NYSE:VZ)
GAMCO Investors’ Stake Value: $9.85 million
Percentage of GAMCO Investors’ 13F Portfolio: 0.08%
Number of Hedge Fund Holders: 63
Dividend Yield: 4.93%
On September 20, Loop Capital analyst Stephan Bisson initiated coverage of Verizon Communications Inc. (NYSE:VZ) with a Hold rating and $57 price on its shares.
Mario Gabelli of GAMCO Investors holds over 175,710 shares of Verizon Communications Inc. (NYSE:VZ) as of the end of the second quarter, according to the data tracked by Insider Monkey. Overall, 63 funds were bullish on Verizon Communications Inc. (NYSE:VZ) by the end of the June quarter, compared to 69 in the previous quarter.
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.
1. Newmont Corporation (NYSE:NEM)
GAMCO Investors’ Stake Value: $39.5 million
Percentage of GAMCO Investors’ 13F Portfolio: 0.33%
Number of Hedge Fund Holders: 55
Dividend Yield: 3.87%
Newmont Corporation (NYSE:NEM) is a Colorado-based materials company involved in the production and exploration of precious metals and minerals, including gold, silver and zinc, among others. The company ranks second on our list of the 11 best dividend aristocrats with over 3% yield.
This September, KeyBanc analyst Adam Josephson initiated coverage of Newmont Corporation (NYSE:NEM) with a Sector Weight rating on its shares.
You can also take a look at 10 Best Undervalued Stocks to Buy Now According to Reddit and 10 Best Undervalued Dividend Stocks to Buy Now.
