5 Stocks from Companies Generating High Cash Flow

In this article, we will take a look at the 5 stocks from companies generating high cash flow. To read our analysis of recent market trends, you can go to 12 Stocks from Companies Generating High Cash Flow.

5. Bank of America Corporation (NYSE:BAC)

Free Cash Flow Trailing Twelve Months: $44.6 billion

Number of Hedge Fund Holders: 90

Based in Charlotte, North Carolina-based, Bank of America Corporation (NYSE:BAC) is a leading financial services company offering full range of banking, investing, asset management and other financial and risk management products and services to nearly 69 million consumer and small business clients in the United States.

On October 18, Oppenheimer analyst Chris Kotowski raised the price target on Bank of America Corporation (NYSE:BAC) shares to $49 from $48 and maintained an ‘Outperform’ rating for the shares. The target price increase followed a strong quarterly earnings release which showed a 3% y-o-y increase in total revenue to $25.2 billion and a 10% y-o-y increase in net income to $7.8 billion.

According to the Insider Monkey data on 910 leading hedge funds, 90 hedge funds were long Bank of America Corporation (NYSE:BAC) shares as of Q2 2023. Warren Buffet’s Berkshire Hathaway was the largest hedge fund shareholder with ownership of 1.03 billion shares valued at $29.6 billion.