5 Dividend Stocks in Billionaire Richard Chilton’s Portfolio

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In this article, we will look at 5 dividend stocks in Billionaire Richard Chilton’s Portfolio. If you want to see our detailed analysis of these stocks, Chilton Investment Company’s past performance, and billionaire Richard Chilton’s investment philosophy, you can head on to 10 Dividend Stocks in Billionaire Richard Chilton’s Portfolio.

5. Magellan Midstream Partners, L.P. (NYSE:MMP)

Stake Value of Chilton Investment Company: $740,000

Percentage of Chilton Investment Company’s 13F Portfolio: 0.01%

Number of Hedge Fund Holders: 12

Dividend Yield as of December 11: 9.12%

Magellan Midstream Partners, L.P. (NYSE:MMP) engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. The company operates through Refined Products and Crude Oil segments.

On November 11th, Mizuho analyst Gabriel Moreen raised the price target on Magellan Midstream Partners, L.P. (NYSE:MMP) to $52 from $50 and reiterated a Neutral rating on the shares in light of the company’s third-quarter earnings.

By the end of the third quarter of 2021, Insider Monkey was able to identify 12 hedge funds that held stakes in Magellan Midstream Partners, L.P. (NYSE:MMP). The total value of these stakes was $92.09 million, up from $89.13 million in the previous quarter.

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