Bill Gates Portfolio: Top 5 Dividend Stock Picks

4. FedEx Corporation (NYSE:FDX)

Dividend Yield as of August 25: 2.03%
Bill Gates’ Stake Value: $121,145,000

FedEx Corporation (NYSE:FDX) is an American transport company that mainly focuses on e-commerce and related services. The company has been raising its dividends consistently for the past 21 years and has a 5-year dividend CAGR of 13.4%. It currently pays a quarterly dividend of $1.15 per share, with a dividend yield of 2.03%, as of August 25.

Bill Gates started investing in FedEx Corporation (NYSE:FDX) in the third quarter of 2012, purchasing shares worth roughly $256 million. In Q2 2022, the hedge fund owned 534,362 FDX shares, with a total value of over $121 million. The company represented 0.68% of the fund’s portfolio.

In July, BofA raised its price target on FedEx Corporation (NYSE:FDX) to $287 with a Buy rating on the shares, acknowledging the company’s improvement goals.

The number of hedge funds tracked by Insider Monkey owning stakes in FedEx Corporation (NYSE:FDX) grew to 63 in Q2 2022, from 52 in the previous quarter. The collective value of these stakes is over $1.75 billion. Ken Griffin and Israel Englander were the company’s most prominent stakeholders in Q2.