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Value Investor Joel Greenblatt’s Top 5 Dividend Picks

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In this article, we will discuss value investor Joel Greenblatt’s top 5 dividend picks. If you want to read our detailed analysis of Greenblatt’s investment philosophy and his hedge fund’s performance over the years, go directly to read Value Investor Joel Greenblatt’s Top 12 Dividend Picks

5. Accenture plc (NYSE:ACN)

Gotham Asset Management’s Stake Value: $16.5 million
Dividend Yield as of February 15: 1.58%

Accenture plc (NYSE:ACN) is an Irish-American information technology company that deals in related services and consulting. On December 16, the company announced a quarterly dividend of $1.12 per share, which was in line with its previous dividend. The company has been raising its dividends consistently for the past 17 years. Its shares have a yield of 1.58%, as of February 15.

In Q4 2022, Gotham Asset Management owned nearly 62,000 shares in Accenture plc (NYSE:ACN), worth over $16.5 million. The company represented 0.46% of value investor Joel Greenblatt’s portfolio.

In January, Wells Fargo initiated its coverage of Accenture plc (NYSE:ACN) with an Equal Weight rating and a $289 price target, presenting a positive view of the company’s platform and services.

At the end of Q3 2022, 58 hedge funds in Insider Monkey’s database owned stakes in Accenture plc (NYSE:ACN), down from 61 in the previous quarter. The collective value of these stakes is over $3.47 billion.

Distillate Capital Partners LLC mentioned Accenture plc (NYSE:ACN) in its third-quarter 2022 investor letter. Here is what the firm has to say:

“The largest new purchases includes Accenture plc (NYSE:ACN). Accenture modestly lagged the market last quarter and became similarly attractive enough to warrant ownership. Similar to our prior presentations, one way to visualize the current portfolio and note recent changes versus the benchmark is to look at scatter plot of all of Distillate’s FSV holdings versus those in the benchmark with valuation on the vertical axis and free cash ϲow stability on the horizontal axis.”

Follow Accenture Plc (NYSE:ACN)

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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