5 Dividend Stocks to Buy According to Jacob Mitchell’s Antipodes Partners

3. Oracle Corporation (NYSE:ORCL)

Dividend Yield as of August 8: 1.66%
Antipodes Partners’ Stake Value: $166,732,000

Oracle Corporation (NYSE:ORCL) is a Texas-based computer software company that specializes in cloud applications and cloud platform services. The company holds a 12-year track record of consistent dividend growth and has a 5-year dividend CAGR of 14.68%. It pays a quarterly dividend of $0.32 per share, with a dividend yield of 1.66%, as of August 8.

Oracle Corporation (NYSE:ORCL) has been a part of Antipodes Partners’ portfolio since the third quarter of 2017. In Q1 2022, the hedge fund owned over 2 million ORCL shares, increasing its position in the company by 37%. The firm owned a stake worth over $166.7 million in the company, which represented 5.91% of Jacob Mitchell’s portfolio.

At the end of Q1 2022, 61 hedge funds tracked by Insider Monkey owned stakes in Oracle Corporation (NYSE:ORCL), valued at over $4.3 billion. In the previous quarter, 57 hedge funds held positions in the company, with stakes valued at over $4 billion. Brandon Haley and Ken Fisher were some of the company’s prominent stakeholders in Q1.

Oakmark Funds mentioned Oracle Corporation (NYSE:ORCL) in its Q2 2022 investor letter. Here is what the firm has to say:

“The sell-off in the enterprise software sector, combined with the complexity related to the acquisition of Cerner, provided an opportunity for us to re-establish a position in Oracle (NASDAQ:ORCL). Oracle is one of the world’s largest and most profitable software companies-generating more than $42 billion in revenue and 40% operating margins. We have always admired the stability of Oracle’s business and the strength of its customer relationships. Now, the company’s organic growth is beginning to accelerate. Specifically, total revenue grew 7% in fiscal year 2022 and 10% in the fourth fiscal quarter. In addition, management believes that Cerner’s growth and margins can be higher under Oracle’s ownership than it could on a standalone basis. Finally, we commend Oracle’s repurchase of roughly half its share base over the past decade, which has nearly doubled each remaining share’s interest in the business. Trading for only 12x calendar 2023 earnings ex-cash, we believe Oracle’s risk/reward is attractive.”