5 High Dividend Stocks Picked By Billionaire Gabelli

In this article we will take a look at billionaire Mario Gabelli’s 5 high dividend stock picks. You can see our detailed analysis of Gabelli’s history, investment philosophy, and hedge fund performance, and go directly to the 10 High Dividend Stocks Picked by Billionaire Gabelli.

5. International Business Machines Corporation (NASDAQ:IBM)

GAMCO Investors’ Stake Value: $4.3 million
Percentage of GAMCO Investors’ 13F Portfolio: 0.03%
Number of Hedge Fund Holders: 41
Dividend Yield: 4.59%

International Business Machines Corporation (NYSE:IBM) is a multinational technology company that produces, manufactures and sells computer hardware and software, as well as electronic components. The company also offers integrated solutions and services to its customers. The IT company ranks fifth on our list of the 11 high dividend stocks picked by billionaire Mario Gabelli.

In the second quarter of 2021, International Business Machines Corporation (NYSE: IBM) reported an EPS of $2.33, beating market estimates by $0.04. The company’s revenue for the quarter was $18.75 billion, surpassing estimates by $447.5 million.

According to the recent 13F Filings, GAMCO Investors holds over 29,980 shares of International Business Machines Corporation (NYSE:IBM), amounting to more than $4.3 million in worth. These shares account for 0.03% of the fund’s total portfolio value. By the end of the second quarter of 2021, 41 hedge funds out of the 873 tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE:IBM) worth roughly $1.4 billion. The number of hedge funds that held stakes in the company remained the same for both the first and second quarters of 2021.

On October 5, Credit Suisse analyst Matthew Cabral raised his price target on International Business Machines Corporation (NYSE:IBM) to $176 from $167 and kept an Outperform rating on the shares.