In this article, we will take a look at the 5 large-cap stocks billionaires like the least. To read our analysis of the recent market trends and activity, you can go to the 10 Large-Cap Stocks Billionaires Like the Least.
5. Toyota Motor Corporation (NYSE:TM)
Number of Billionaire Holders: 4
Founded in 1937 and headquartered in Toyota City, Japan, Toyota Motor Corporation (NYSE:TM) is a global automotive industry leader manufacturing vehicles in 27 countries or regions and marketing the company’s products in over 170 countries and regions.
On October 26, Toyota Motor Corporation (NYSE:TM) released its financial results for six months ended September 30, 2023. Its revenue went up by 24% y-o-y to ¥22 trillion, while its net income surged by 117% y-o-y to ¥2.6 trillion.
As of Q3 2023, 15 hedge funds owned shares of Toyota Motor Corporation (NYSE:TM), valued at $1.1 billion. Ken Fisher’s Fisher Asset Management was the largest shareholder with ownership of 6.04 million shares valued at $1.1 billion.
Like other stocks such as Eni S.p.A. (NYSE:E), Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG), and Equinor ASA (NYSE:EQNR), Toyota Motor Corporation (NYSE:TM) is among the 10 large-cap stocks billionaires like the least.
4. Brookfield Corporation (NYSE:BN)
Number of Billionaire Holders: 4
Founded in 1899, Toronto, Canada-based Brookfield Corporation (NYSE:BN) is an asset management company focused on direct control investments in real estate, renewable power, infrastructure, credit and private equity.
On November 9, Brookfield Corporation (NYSE:BN) released its financial results for the third quarter of 2023. Its revenue went up by 4% y-o-y to $24.4 billion and net income declined by 46% y-o-y to $230 million.
Following the earnings release, BMO Capital analyst Sohrab Movahedi lowered the firm’s price target on Brookfield Corporation (NYSE:BN) shares to $42 from $45 and maintained an ‘Outperform’ rating.
3. Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)
Number of Billionaire Holders: 4
Based in Tokyo, Japan, Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) is one of the world’s leading financial groups with a global network with over 2,000 locations in more than 50 markets including the Americas, Europe, the Middle East and Africa, Asia, and Oceania.
On November 14, Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) released its financial results for six months ended September 30, 2023. Its ordinary income went up by 31% y-o-y to ¥5.7 trillion, while it reported a net income of ¥927 billion. It also increased annualized dividend payments to ¥41 from ¥32.
On December 4, Goldman Sachs analyst Makoto Kuroda maintained a ¥1,520 price target for Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) with an unchanged ‘Buy’ rating. The stock is being added to the firm’s new “APAC Conviction List – Directors’ Cut”.
2. Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)
Number of Billionaire Holders: 3
Founded in 1857, Bilbao, Spain-based, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is a global financial service group present in more than 25 countries including Spain, Portugal, Mexico, South America, Turkey, Italy, and Romania. It has nearly 71 million active clients and €758 billion in assets.
On October 31, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) released its financial results for the third quarter of 2023. Its revenues went up by 16% y-o-y to €8.0 billion, while its net income increased by 8% y-o-y to €2.1 billion.
On September 27, the board of directors of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) declared an interim cash dividend of €0.16 per share which represents a 33% increase compared to the dividend paid last year.
As of Q3 2023, 7 of the 910 hedge funds tracked by Insider Monkey were long Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA). Ken Fisher’s Fisher Asset Management was the largest hedge fund shareholder of the company with ownership of 56 million shares valued at $451 million.
1. Eni S.p.A. (NYSE:E)
Number of Billionaire Holders: 3
Eni S.p.A. (NYSE:E) is an integrated energy company based in Rome, Italy. It focuses on oil and natural gas exploration, field development and production, as well as the supply, trading and shipping of natural gas, LNG, electricity, and fuels.
On October 27, Eni S.p.A. (NYSE:E) released its financial results for Q3 2023. Its revenue declined by 40% y-o-y to €22.3 billion while net income shrunk by 67% y-o-y to €1.9 billion. The company made dividend payments of €2.3 billion and repurchased €1.0 billion worth of its common shares, during the first nine months of 2023.
Following the earnings release, RBC Capital analyst Ben Hendrix raised the price target for Eni S.p.A. (NYSE:E) shares from $300 to $327 and maintained a ‘Sector Perform’ rating for the shares.
As of Q3 2023, Eni S.p.A. (NYSE:E) shares were held by only 3 of the billionaires tracked by Insider Monkey with a total value of $7.4 million.
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