5 Best Stocks For Beginners With Little Money

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

Number of Hedge Fund Holders: 55

Share Price as of October 26: $18.05

AT&T Inc. (NYSE:T), an American provider of telecommunications, media, and technology services worldwide, is one of the best beginner stocks to buy now. On October 20, AT&T Inc. (NYSE:T) reported its Q3 results, posting earnings per share of $0.68 and a revenue of $30.04 billion, exceeding market estimates by $0.06 and $170.54 million, respectively. On September 30, the company declared a quarterly dividend of $0.2775 per share, in line with previous. The dividend is payable on November 1, to shareholders of record on October 10. The forward yield was 7.19%.

Raymond James analyst Frank Louthan on October 24 upgraded AT&T Inc. (NYSE:T) to Strong Buy from Outperform with an unchanged price target of $24. The analyst believes AT&T Inc. (NYSE:T) will outperform Verizon Communications Inc. (NYSE:VZ) over the next few months based on the present operating performance of the two businesses, the analyst told investors in a research note. 

According to Insider Monkey’s Q2 data, 55 hedge funds were bullish on AT&T Inc. (NYSE:T), compared to 74 funds in the last quarter. D E Shaw is a significant position holder in the company, with 11.4 million shares worth about $240 million. 

Here is what Chartwell Investment Partners has to say about AT&T Inc. (NYSE:T) in its Q2 2022 investor letter:

“In the Dividend Equity accounts, the three best performers in Q2 include AT&T (NYSE:T, 2.5%), up 17.1%. AT&T completed the spin off of the WarnerMedia business (HBO, CNN, etc.), and the market seemed to like the “back-to-basics” approach. Also, the telco business is expected to do relatively well in an inflationary environment.”