Bill Miller’s Latest 5 Stock Picks

In this piece, we will take a look at Bill Miller’s latest stock picks. If you want to go through our overview of Miller, his firm, and the latest news revolving around his hedge fund, then you can skip ahead to Bill Miller’s Latest 13 Stock Picks.

5. AT&T Inc. (NYSE:T)

Number of Hedge Fund Investors: 66

Miller Value Partners’ Q4 2023 Investment Value: $9.26 million

AT&T Inc. (NYSE:T), a global telecommunications leader, provides a broad range of wireless communication services, device sales, and data solutions to diverse customer segments.

On February 1, J.P. Morgan upgraded its rating on AT&T Inc. (NYSE:T), citing expectations of sustained and long-term growth, particularly in the wireless and broadband segments. The primary catalyst for this growth is identified as AT&T Inc. (NYSE:T)’s broadband division, driven by its ongoing fiber buildout. Analyst Richard Choe of J.P. Morgan expressed optimism about the additional opportunities this expansion will create within existing markets. Consequently, Choe upgraded the rating on AT&T Inc. (NYSE:T) from Neutral to Overweight and raised the year-end price target to $21 from $18.

As of the end of Q4 2023, Insider Monkey’s database showed that 66 hedge funds held stakes in AT&T Inc. (NYSE:T), up from 52 in the previous quarter. The consolidated value of these stakes is nearly $3 billion. Miller Value Partners holds approximately $9.26 million in AT&T Inc. (NYSE:T) shares as of the fourth quarter of 2023.