5 Best Dividend Stocks to Buy According to Thomas Bailard’s Hedge Fund

In this article, we will discuss 5 dividend stocks to buy according to Thomas Bailard’s hedge fund. If you want to read our detailed analysis of Bailard Inc.’s performance and its investment strategies, go directly to read 10 Best Dividend Stocks to Buy According to Thomas Bailard’s Hedge Fund. 

5. Costco Wholesale Corporation (NASDAQ:COST)

Bailard Inc.’s Stake Value: $18,247,000

Costco Wholesale Corporation (NASDAQ:COST) is an American operator of discount stores and is one of the largest retailers in the world. In August, Erste Group upgraded the stock to Buy as the company showed strong sales growth and increased its key profitability ratios in recent quarters.

Costco Wholesale Corporation (NASDAQ:COST) currently pays a quarterly dividend of $0.90 per share and has a yield of 0.69%, as of August 30. The company maintains an 18-year track record of consistent dividend growth.

Bailard Inc. started investing in Costco Wholesale Corporation (NASDAQ:COST) during the second quarter of 2011, purchasing shares worth over $2 million. The hedge fund grew its position in the company over the years and currently owned COST stakes worth over $18.2 million. The company represented 0.71% of the firm’s 13F portfolio in Q2.

At the end of Q2 2022, 64 hedge funds tracked by Insider Monkey owned stakes in Costco Wholesale Corporation (NASDAQ:COST), up from 61 in the preceding quarter. These stakes are collectively valued at over $4.76 billion. With stakes over $2 billion, Fisher Asset Management owned the largest position in the company in Q2.

ClearBridge Investments mentioned Costco Wholesale Corporation (NASDAQ:COST) in its Q4 2021 investor letter. Here is what the firm has to say:

“Portfolio gains were led by a diverse group of contributors. Also in consumer discretionary, Costco, which operates a chain of membership-only big-box retail stores, continues to impress as it takes to share and becomes more relevant for the consumer even as the world opens up.”