5 Most Undervalued Blue Chip Stocks To Buy According To Hedge Funds

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In this article, we will take a look at the top 5 most undervalued blue chip stocks to buy according to hedge funds. You can skip this part and go to 11 Most Undervalued Blue Chip Stocks To Buy According To Hedge Funds.

5. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Funds Having Stakes in the Company as of Q3 2022: 77

PE Ratio as of January 25: 14.16

Wells Fargo & Company (NYSE:WFC) is a sought-after stock these days as investors keep piling into financial stocks for interest rate hikes. Wells Fargo & Company (NYSE:WFC) is also a solid dividend-paying company. On January 24, Wells Fargo & Company (NYSE:WFC) announced a $0.30/share quarterly dividend, in line with previous. Forward dividend yield of Wells Fargo & Company (NYSE:WFC) came in at about 2.68%. However, Wells Fargo & Company (NYSE:WFC) stock could face short-term headwinds amid recession worries. In the fourth quarter, Wells Fargo & Company (NYSE:WFC)’s revenue totaled $19.7 billion, missing the consensus estimate of $20.04 billion.  EPS in the fourth quarter on a GAAP basis came in at $0.67, beating estimates of $0.61.

The biggest hedge fund stakeholder of Wells Fargo & Company (NYSE:WFC) at the end of September was Boykin Curry’s Eagle Capital Management $928 million.

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