5 Dividend Stocks to Buy According to Billionaire Paul Tudor Jones’ Tudor Investment Corp

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In this article, we will discuss 5 dividend stocks to buy according to billionaire Paul Tudor Jones’ Tudor Investment Corp. If you want to read our detailed analysis of the hedge fund’s strategy and recent developments as well as the risk/reward and methodology of this list, go directly to read 10 Dividend Stocks to Buy According to Billionaire Paul Tudor Jones’ Tudor Investment Corp.

5. Lamar Advertising Company (NASDAQ:LAMR)

Number of Hedge Fund Holders: 37
Dividend Yield as of September 8: 4.95%

Lamar Advertising Company (NASDAQ:LAMR) is a Louisiana-based advertising company that mainly specializes in billboards, logo signs, and displays. On September 6, the company declared a quarterly dividend of $1.20 per share, consistent with its previous dividend. The stock’s dividend yield stood at 4.95% on September 8.

Lamar Advertising Company (NASDAQ:LAMR) has been a part of Tudor Investments’ portfolio since the fourth quarter of 2014 when the hedge fund invested $403,000 in the company. During Q2 2022, the hedge fund raised its position in the company by 36%, taking its total LAMR stake to over $10.8 million. The company made up 0.28% of billionaire Paul Tudor Jones’ portfolio.

In July, Citigroup upgraded Lamar Advertising Company (NASDAQ:LAMR) to Buy, with a $108 price target. However, the firm expressed concerns regarding the outlook of the advertisement sector in the current market environment.

The number of hedge funds tracked by Insider Monkey owning stakes in Lamar Advertising Company (NASDAQ:LAMR) jumped to 37 in Q2 2022 from 28 in Q1 2022, ranking it #5 on our list of 10 dividend stocks to buy according to billionaire Paul Tudor Jones’ Tudor Investment Corp. Among these hedge funds, Select Equity Group was the company’s leading stakeholder in Q2.

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