5 Cheap Stocks Hedge Funds Are Talking About

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

Price as of March 11, 2022: $23.19 per share

Weitz Investment Management recently published its “Hickory Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of 6.54% was recorded by the fund in the fourth quarter of 2021, outperforming its Russell Midcap benchmark that delivered a 6.44% return. For the calendar year, the Fund returned 20.32% compared to 22.58% for the index. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Weitz Investment Management Hickory Fund mentioned AT&T Inc. (NYSE:T) and discussed its stance on the firm in its Q4 2021 investor letter. AT&T Inc. (NYSE:T) is a Dallas, Texas-based telecommunications company with a $165.6 billion market capitalization. AT&T Inc. (NYSE:T) is down by 5.73% since the beginning of the year and by 22.21% over the past 12 months. The stock closed at $23.19 per share on March 11, 2022.

Here is what Weitz Investment Management Hickory Fund had to say about AT&T Inc. (NYSE:T) in its Q4 2021 investor letter:

“After several quarters of pandemic-induced outsized growth, new broadband connection growth has slowed for U.S. cable operators. This slower growth has coincided with a renewed push by competitors like Verizon and AT&T Inc. (NYSE:T) to offer high-speed data (either via wireless connects or by building new fiber-optic networks).”

You can also take a look at 10 Best Dividend Stocks According to Bill Miller’s Miller Value Partners and 10 Undervalued Dividend Aristocrats to Buy in 2022. 

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