Top 5 High Dividend Stocks To Buy According To Hedge Funds

1. AT&T Inc (NYSE:T)

Number of Hedge Fund Holders: 68
Dividend Yield as of October 13: 8.22%

Known as the largest telecommunications company in the world, as well as the largest provider of mobile telephone services in the United States, AT&T Inc (NYSE:T) is a multinational conglomerate holding company based in Texas. The firm ranks first on our list of the top 12 high dividend stocks to buy according to hedge funds.

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.

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.

Out of the hedge funds being tracked by Insider Monkey, Ken Griffins’ Citadel Investment Group is a leading shareholder in AT&T Inc. (NYSE:T), with over 32.75 million shares worth more than $942.6 million.

See also 12 Biggest 3D Companies In The World and 10 Best Online Brokers for Non-US Residents.

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