5 Dividend Stock Picks of Billionaire Mario Gabelli

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


Number of Hedge Fund Holders: 66
Dividend Yield: 9.01%

AT&T Inc. (NYSE:T) is a global telecommunications, media, and technology company. In October, KeyBanc analyst Brandon Nispel upgraded AT&T Inc. (NYSE:T) to “Sector Weight” from “Underweight.”

AT&T Inc.’s (NYSE:T) third-quarter EPS came in at $0.87, beating the estimates by $0.08. Revenue over the period was $39.9 billion, down 5.7% Y/Y. GAMCO Investors holds more than 1.04 million shares in AT&T Inc. (NYSE:T) worth $28.15 million. This represents 0.24% of their portfolio. However, the hedge fund’s stake in the company decreased by 3% in the third quarter of 2021.

66 hedge funds in Insider Monkey’s database held stakes amounting to $3.21 billion in AT&T Inc. (NYSE:T) in the third quarter of 2021. This is compared to 68 hedge funds in the previous quarter, with stakes worth $2.90 billion.