Which Dividend Payer Did Hedge Funds Flock To In The Second Quarter?
Portfolio Pulse from AJ Fabino
Microsoft Corp (NASDAQ:MSFT) was a popular choice for hedge funds in Q2, with 10 out of 20 funds analyzed by Benzinga having MSFT in their top-5 holdings. The company's shares rose by nearly 60%, reaching highs of $366.78, largely due to its investments in AI and a significant stake in OpenAI. The 10 hedge funds that owned the stock over the quarter were collectively paid nearly $22 million in dividends. Institutional investors control 72.46% of Microsoft’s outstanding shares.
August 24, 2023 | 9:11 pm
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Apple Inc. was mentioned as an example of a company that pays substantial dividends, with Warren Buffett’s investment in Apple pouring $645,350,303.61 into Berkshire Hathaway's coffers in dividends this year.
Apple was mentioned in the context of its substantial dividend payments, particularly to Berkshire Hathaway due to Warren Buffett’s investment. While this highlights Apple's ability to generate significant dividends for its investors, the news does not directly impact Apple's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Microsoft's shares rose significantly due to its investments in AI, making it a popular choice among hedge funds. The company paid nearly $22 million in dividends to these funds.
Microsoft's significant investments in AI and its stake in OpenAI have led to a surge in its share price, attracting the attention of hedge funds. The company's payment of nearly $22 million in dividends to these funds further increases its attractiveness. This is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100