5 Dividend Stocks in Tiger Cub Lee Ainslie’s Portfolio

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

Maverick Capital’s Stake Value: $1.96 million

Percent of Maverick Capital’s 13F Portfolio: 0.01%

Number of Hedge Fund Holders: 66

Dividend Yield: 8.08% (as of January 4)

AT&T Inc. (NYSE:T) is a holding company that deals in the provision of telecommunications, media, and technology services.

On December 16, Morgan Stanley analyst Simon Flannery upgraded AT&T Inc. (NYSE:T) stock to ‘Overweight’ from ‘Equal Weight’, revising the price target to $28 from $32. The analyst also raised the company’s Telecom Services industry rating to ‘In-Line’ from ‘Cautious’. Flannery believes that valuations are at attractive levels, owing to the company’s recent underperformance.

66 hedge funds were bullish on AT&T Inc. (NYSE:T) stock, holding $3.21 billion at the end of the third quarter. In comparison, 68 hedge funds were holding the company stock in the previous quarter.