5 Best Dividend Stocks Hedge Funds are Buying

In this article, we will be taking a look at the 5 best dividend stocks hedge funds are buying. To read our detailed analysis of dividend investing, you can go directly to see the 10 Best Dividend Stocks Hedge Funds are Buying.

5. International Business Machines Corporation (NYSE: IBM)

Number of Hedge Fund Holders: 41
Dividend Yield: 4.6%

International Business Machines Corporation (NYSE: IBM), a computer hardware company, is next on our list of the best dividend stocks hedge funds are buying. The company is US-based and operates globally, with headquarters in New York and operations in more than 171 countries. It ranks 5th on our list.

Jim Suva, an analyst at Citigroup, raised his price target on shares of International Business Machines Corporation (NYSE: IBM) from $140 to $150 this July. Suva also reiterated a Hold rating on the shares at the same time.

In the second quarter of 2021, International Business Machines Corporation (NYSE: IBM) had an EPS of $2.33, beating estimates by $0.04. The company’s revenue was $18.75 billion, up 3.43% year over year and beating estimates by $447.50 million. International Business Machines Corporation (NYSE: IBM) has gained 17.21% in the past 6 months and 12.53% year to date.

By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE: IBM) worth roughly $1.4 billion. This is compared to 41 hedge funds in the previous quarter with a total stake value of approximately $1.4 billion.