Dividend Stocks To Buy According To Billionaire Dan Loeb’s Third Point


Third Point Management, a hedge fund based in New York City, was founded by Daniel Loeb. Forbes estimates his current real-time net worth to be $4 billion as of March 2022. Third Point invests according to two distinct principles: value and event-driven investing. This year’s top 15 hedge fund managers earned a total of $16 billion, making Dan Loeb the 12th-highest-earning manager. Offshore Fund returned 22.7% and Ultra Fund returned 26.9% for the year, which is in line with the performance of the hedge fund.

Insider Monkey discussed the best dividend stocks in Dan Loeb’s portfolio. In the United States, Danaher Corporation is a multi-industry manufacturer of various products. The company declared a quarterly dividend of $0.25 per share on February 23rd. The dividend yield on the stock was 0.36 percent as of March 4th. Intuit Inc. is a financial software company based in the United States. Hedge fund interest in the company soared in the fourth quarter, according to Insider Monkey data. With a dividend yield of 0.58 percent, the company pays out a quarterly dividend of $0.68 per share. A 17 percent increase in Third Point’s stake in UnitedHealth Group Incorporated resulted in a stake worth approximately $400 million. In the fourth quarter, Dan Loeb’s holdings in the American healthcare and insurance company amounted to 2.76 percent. A $2 billion stake in GQG Partners made it the largest shareholder in the company. Incorporated in Ireland, Accenture Plc is an international information technology firm. GS initiated its coverage of the stock with a Neutral rating and a $446 price estimate. At a price of $0.97 per share, Accenture increased its quarterly dividend by 10% in 2021. For more details, click 9 Dividend Stocks To Buy According To Billionaire Dan Loeb’s Third Point.