Top 5 Value Stocks to Buy for 2024 (Picked by Joel Greenblatt)

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

Number of Hedge Fund Holders: 52
Price to Earnings Ratio: 6.70

AT&T Inc. (NYSE:T) is a communication services company and one of the top value stocks to buy for 2024 picked by Joel Greenblatt, currently trading at a price of an earnings multiple of 6.70. While operating as a telecommunication services company, AT&T Inc. (NYSE:T) offers wireless voice and data communications services and sells handsets and wireless data cards.

Down by about 11% for the year, AT&T Inc. (NYSE:T) rewards investors with a 6.73% yield, which is ideal for anyone eying passive income on the side. Greenblatt hedge fund increased its stake in AT&T Inc. (NYSE:T) by 20% in Q3 2023 to $12.45 million.

By the end of Q3 2023, AT&T Inc. (NYSE:T) attracted investments from 52 hedge funds, as reported in Insider Monkey’s database. The total value of these stakes amounted to $1.7 billion, down from 56 hedge funds in the previous quarter, with stakes valued at $1.4 billion.

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