5 Value Stocks To Buy Today According To Mario Gabelli

1. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 69

P/E Ratio as of June 14: 14.49

American Express Company (NYSE:SXP) is an American multinational corporation that specializes in global credit card payment solutions and services. As of Q1 2022, Mario Gabelli’s GAMCO Investors owns 870,490 shares of the company which amounts to a stake of $162.78 million. It ranks among the top 5 holdings in the fund’s portfolio, and is one of the best value stocks to buy according to the billionaire investor.

On June 6, Edward Jones analyst Kyle Sanders upgraded American Express Company (NYSE:AXP) to Buy from Hold. The analyst says the company’s “loyal base” of affluent customers will be less affected by inflationary pressures, making American Express Company (NYSE:AXP) better positioned to sustain strong spending trends relative to its credit card peers. Further, the company’s recent initiatives to attract younger customers and strengthen its product offerings have led to “robust” new account growth.

Earlier this April, American Express Company (NYSE:AXP) announced a collaboration with Billtrust to enable suppliers to streamline acceptance of American Express virtual cards. With this integration, suppliers will have the ability to automate and accelerate virtual card payments from customers while receiving a real-time view of their outstanding invoices and current cash flow.

A notable stock among investors, 69 hedge funds reported holding stakes in American Express Company (NYSE:AXP) worth $33.18 billion as of the first quarter of 2022. This is compared to 64 hedge funds in Q4 2021 with stakes worth $28.97 billion. Warren Buffett’s Berkshire Hathaway is the leading shareholder in the company, with aggregate stakes valued at $28.35 billion.

You can also take a look at 10 Blue Chip Stocks in Warren Buffett’s Portfolio and Billionaire Ken Fisher’s Top 10 High Dividend Stock Picks.

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