Bill Gates Portfolio: Top 5 Dividend Stock Picks

2. United Parcel Service, Inc. (NYSE:UPS)

Dividend Yield as of August 25: 2.98%
Bill Gates’ Stake Value: $135,205,000

United Parcel Service, Inc. (NYSE:UPS) is a Georgia-based multinational shipping & receiving and supply chain management company. The company has been raising its dividends consistently for the past 12 years. It pays a quarterly dividend of $1.52 per share, with a dividend yield of 2.98%, as recorded on August 25.

Bill Gates initiated his position in United Parcel Service, Inc. (NYSE:UPS) in the fourth quarter of 2014, purchasing shares worth over $503 million. In Q2 2022, the hedge fund owned 740,689 UPS shares, valued at over $135.2 million. The company represented 0.76% of the hedge fund’s portfolio.

In July, Wells Fargo appreciated the quarterly earnings of United Parcel Service, Inc. (NYSE:UPS) despite a challenging volume environment. In view of this, the firm set a $223 price target on the stock while maintaining an Overweight rating on the shares.

As of the close of Q2 2022, 38 hedge funds in Insider Monkey’s database owned stakes in United Parcel Service, Inc. (NYSE:UPS), down from 50 in the previous quarter. These stakes hold a collective value of over $613 million.

Mayar Capital mentioned United Parcel Service, Inc. (NYSE:UPS) in its Q2 2022 investor letter. Here is what the firm has to say:

“UPS has been a beneficiary of the pandemic-related shift to e-commerce. Revenues increased 15% in the year, with strong leverage in the business boosting operating profit by al- most 67%. Management is focusing on a ‘Better not Bigger’ strategy for the business and divested the UPS Freight business early in the year. Mean- while, the company is expected to increase distributions to shareholders in 2022, from both dividends and share buybacks.”