In this article, we discuss the 5 best dividend stocks to buy according to Joel Greenblatt’s Gotham Asset Management. If you want to read our detailed analysis of Greenblatt’s hedge fund and its returns over the years, go directly to read 10 Dividend Stocks to Buy According to Joel Greenblatt’s Gotham Asset Management.
5. Target Corporation (NYSE:TGT)
Dividend Yield: 1.61%
Number of Hedge Fund Holders: 49
Target Corporation (NYSE:TGT), an American retail company, holds a 50-year track record of consistent dividend growth.
In Q3 2021, Target Corporation (NYSE:TGT) posted an EPS of $3.03, surpassing estimates by $0.23. Overall, the company has beaten revenue and EPS estimates 100% of the time over the last two years.
Gotham Asset Management started building its position in Target Corporation (NYSE:TGT) during the fourth quarter of 2010. In Q3 2021, the company accounted for 0.55% of Joel Greenblatt’s portfolio.
At the end of Q3 2021, 49 hedge funds tracked by Insider Monkey were bullish on Target Corporation (NYSE:TGT), down from 66 in the previous quarter. These stakes hold a consolidated value of over $4.3 billion.
Nelson Capital Management mentioned Target Corporation (NYSE:TGT) in its Q2 2021 investor letter. Here is what the firm has to say:
“We added Target (tkr: TGT) to our consumer staples sector. Target offers a broad array of products in owned and known brand items at affordable prices. Its omnichannel fulfilment centers allow customers to receive their items via in-store pickup, curbside pickup, same-day shipping and regular shipping while simultaneously reducing operating costs. With a significantly lower valuation than peers and a unique operating strategy, Target is an attractive holding.”