Dividend Stock Portfolio: 5 Stock Picks By Hedge Funds

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

Number of Hedge Fund Holders: 68
Dividend Yield: 7.7%

AT&T Inc. (NYSE:T) is a communication services company that is next and last on our list of stock picks by hedge funds, ranking 1st. The company offers wireless voice and data communications services, produces, distributes, and licenses television programming and feature films, and also sells wireless devices and other products, among providing other services as well.

This October, analyst Craig Moffett at MoffettNathanson upgraded shares of AT&T Inc. (NYSE:T) from Sell to Neutral. The analyst also raised his price target on AT&T Inc. (NYSE:T) shares from $23 to $28.

In the second quarter of 2021, AT&T Inc. (NYSE: T) had an EPS of $0.89, beating estimates by $0.09. The company’s revenue was $44.05 billion, up 7.56% year over year and beating estimates by $1.32 billion.

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. This is compared to 63 hedge funds in the previous quarter with a total stake value of approximately $2.7 billion.

See also 10 Best Biotech Stocks To Invest In and 10 Best Dividend Stocks Under $20.

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