Top 5 Stock Picks of Citadel

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

Citadel Investment Group’s Stake Value: $577,868,000

Percentage of Citadel Investment Group’s 13F Portfolio: 0.11%

Number of Hedge Fund Holders: 74

AT&T Inc. (NYSE:T) is an American multinational telecommunications, media, and technology company. Ken Griffin’s Citadel Investment Group owned 24.45 million shares of AT&T Inc. (NYSE:T) in the first quarter of 2022, worth $577.8 million, representing 0.11% of the total 13F holdings. 

On June 28, AT&T Inc. (NYSE:T) declared a $0.2775 per share quarterly dividend, in line with previous. The dividend is payable on August 1, to shareholders of the company as of July 11. AT&T Inc. (NYSE:T) delivered a dividend yield of 5.34% on July 8. 

Scotiabank analyst Maher Yaghi assumed coverage of AT&T Inc. (NYSE:T) on June 30 with a Sector Perform rating and a $22.50 price target. He sees positive prospects for U.S. stocks in terms of pricing, even in wireless, “potentially offering growth after many years of being under pressure”.

According to Insider Monkey’s data, AT&T Inc. (NYSE:T) was part of 74 public hedge fund portfolios at the end of Q1 2022, up from 70 funds in the prior quarter. D E Shaw is a significant shareholder of AT&T Inc. (NYSE:T), with 13.8 million shares worth $326.5 million. 

Here is what Weitz Investment Management Hickory Fund has to say about AT&T Inc. (NYSE:T) in its Q4 2021 investor letter:

“After several quarters of pandemic-induced outsized growth, new broadband connection growth has slowed for U.S. cable operators. This slower growth has coincided with a renewed push by competitors like Verizon and AT&T to offer high-speed data (either via wireless connects or by building new fiber-optic networks).”

You can also take a look at Billionaire Jeffrey Talpins Just Fled From These 10 Healthcare Stocks and 10 Industrial Stocks That Are ‘Must Buys’ According to Caxton Associates. 

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