The whole hedge fund market is feeling the reverberations of the altering monetary landscape. On the other hand, Expert Monkey’s research study was able to determine in advance a choose group of hedge fund holdings that outshined the S&P 500 ETFs by more than 124 portion points given that March 2017. That’s why we think hedge fund belief is a very helpful indication that financiers ought to pay attention to.
Without additional ado, let’s have a look at the 10 low-cost blue-chip dividend stocks to buy.
Our Approach
Expert Monkey tracks the information of about 873 hedge funds, and we have actually likewise utilized this information to choose dividend stocks that are extremely popular amongst hedge funds today. For each stock we have actually discussed its yield, share rate, and the number of hedge funds holding stakes in it, ranking the stocks from the most affordable to the greatest yield.
Inexpensive Blue-Chip Dividend Stocks to Purchase
10. Horizon Bancorp, Inc. (NASDAQ: HBNC).
Variety Of Hedge Fund Holders: 10.
Dividend Yield: 2.88%.
Share Cost since August 25: $18.06.
Horizon Bancorp, Inc. (NASDAQ: HBNC), the bank holding business for Horizon Bank, uses a variety of monetary product and services like need and time deposits, and customer loans. The business ranks 10th on our list of inexpensive blue-chip dividend stocks to buy, and likewise offers specific and business trust and firm, financial investment management, and property investment trust services, to name a few.
In the 2nd quarter of 2021, Horizon Bancorp, Inc. (NASDAQ: HBNC) had an EPS of $0.50, beating price quotes by $0.07. The business’s profits was $57.84 million, up 6.87% year over year and beating price quotes by $1.01 million. Horizon Bancorp, Inc. (NASDAQ: HBNC) has actually gotten 17.04% year to date and 62.12% in the past year.
By the end of the 2nd quarter of 2021, 10 hedge funds out of the 873 tracked by Expert Monkey held stakes in Horizon Bancorp, Inc. (NASDAQ: HBNC) worth approximately $13 million. This is compared to 8 hedge funds in the previous quarter with an overall stake worth of around $13.5 million.
Like McDonald’s Corporation (NYSE: MCD), Intel Corporation (NASDAQ: INTC), Amazon.com, Inc. (NASDAQ: AMZN), and Microsoft Corporation (NASDAQ: MSFT), Horizon Bancorp, Inc. (NASDAQ: HBNC) is an excellent stock to purchase.
9. Holly Energy Partners, L.P. (NYSE: HEP).
Variety Of Hedge Fund Holders: 3.
Dividend Yield: 7%.
Share Rate since August 25: $18.15.
Holly Energy Partners, L.P. (NYSE: HEP) is a petroleum pipeline transport business that runs and owns petroleum item and unrefined pipelines, tank, circulation terminals, rack centers, and refinery processing systems. The business runs through its Pipelines and Terminals, and Refinery Processing Units sectors. It ranks 9th on our list of low-cost blue-chip dividend stocks to purchase.
Since this Might, Wells Fargo holds an Equal Weight score on shares of Holly Energy Partners, L.P. (NYSE: HEP). Expert Michael Blum likewise raised his rate target on the stock to $21.
In the 2nd quarter of 2021, Holly Energy Partners, L.P. (NYSE: HEP) had an EPS of $0.53, beating quotes by $0.06. The business’s profits was $126.23 million, up 9.95% year over year however missing out on quotes by $1.91 million. Holly Energy Partners, L.P. (NYSE: HEP) has actually gotten 4.67% in the past 6 months and 32.19% year to date.
By the end of the 2nd quarter of 2021, 3 hedge funds out of the 873 tracked by Expert Monkey held stakes in Holly Energy Partners, L.P. (NYSE: HEP) worth approximately $4.4 million. This is compared to 2 hedge funds in the previous quarter with an overall stake worth of roughly $3.6 million.
Like McDonald’s Corporation (NYSE: MCD), Intel Corporation (NASDAQ: INTC), Amazon.com, Inc. (NASDAQ: AMZN), and Microsoft Corporation (NASDAQ: MSFT), Holly Energy Partners, L.P. (NYSE: HEP) is a great stock to purchase.
8. Lakeland Bancorp, Inc. (NASDAQ: LBAI).
Variety Of Hedge Fund Holders: 13.
Dividend Yield: 3.3%.
Share Cost since August 25: $16.42.
Lakeland Bancorp, Inc. (NASDAQ: LBAI), the bank holding business for Lakeland Bank, is next on our list of inexpensive blue-chip dividend stocks to purchase. The business uses banking product or services for private clients and medium-sized and little organizations. It ranks 8th on our list.
William Wallace, an expert at Raymond James, updated shares of Lakeland Bancorp, Inc. (NASDAQ: LBAI) this April from Outperform to Strong Buy. The expert likewise raised his rate target on the shares from $17 to $23.
In the 2nd quarter of 2021, Lakeland Bancorp, Inc. (NASDAQ: LBAI) had an EPS of $0.53, beating price quotes by $0.10. The business’s earnings was $65.01 million, up 16.09% year over year and beating price quotes by $0.43 million. Lakeland Bancorp, Inc. (NASDAQ: LBAI) has actually acquired 1.67% in the past 6 months and 30.01% year to date.
By the end of the 2nd quarter of 2021, 13 hedge funds out of the 873 tracked by Expert Monkey held stakes in Lakeland Bancorp, Inc. (NASDAQ: LBAI) worth approximately $33 million. This is compared to 14 hedge funds in the previous quarter with an overall stake worth of around $37 million.
Like McDonald’s Corporation (NYSE: MCD), Intel Corporation (NASDAQ: INTC), Amazon.com, Inc. (NASDAQ: AMZN), and Microsoft Corporation (NASDAQ: MSFT), Lakeland Bancorp, Inc. (NASDAQ: LBAI) is an excellent stock to buy.
7. Resources Connection, Inc. (NASDAQ: RGP).
Variety Of Hedge Fund Holders: 12.
Forward Dividend Yield: 3.5%.
Share Rate since August 25: $15.84.
Resources Connection, Inc. (NASDAQ: RGP) is an industrials business that provides consulting services to companies under the Resources Global Professionals name. The business runs in The United States and Canada, Europe, and the Asia Pacific, and ranks 7th on our list of inexpensive blue-chip dividend stocks to buy.
In the financial 4th quarter of 2021, Resources Connection, Inc. (NASDAQ: RGP) had an EPS of $0.80, beating quotes by $0.58. The business’s income was $172.32 million, likewise beating quotes by $6.63 million. Resources Connection, Inc. (NASDAQ: RGP) has actually acquired 22.32% in the past 6 months and 27.64% year to date.
By the end of the 2nd quarter of 2021, 12 hedge funds out of the 873 tracked by Expert Monkey held stakes in Resources Connection, Inc. (NASDAQ: RGP) worth approximately $30 million. This is compared to 11 hedge funds in the previous quarter with an overall stake worth of roughly $34.3 million.
Like McDonald’s Corporation (NYSE: MCD), Intel Corporation (NASDAQ: INTC), Amazon.com, Inc. (NASDAQ: AMZN), and Microsoft Corporation (NASDAQ: MSFT), Resources Connection, Inc. (NASDAQ: RGP) is a great stock to purchase.
6. Telephone and Data Systems, Inc. (NYSE: TDS).
Variety Of Hedge Fund Holders: 18.
Dividend Yield: 3.5%.
Share Cost since August 25: $20.01.
Telephone and Data Systems, Inc. (NYSE: TDS) is a telecom business and ranks sixth on our list of inexpensive blue-chip dividend stocks to purchase. The business runs through its cellular, Wireline, and Cable television sections to supply interactions services in the United States.
This Might, Citigroup expert Michael Rollins raised his cost target on shares of Telephone and Data Systems, Inc. (NYSE: TDS) from $27 to $29. The expert likewise restated a Buy ranking on the shares.
In the 2nd quarter of 2021, Telephone and Data Systems, Inc. (NYSE: TDS) had an EPS of $0.17, missing out on price quotes by $0.04. The business’s profits was $1.31 billion, up 3.8% year over year and beating quotes by $4.64 million. Telephone and Data Systems, Inc. (NYSE: TDS) has actually gotten 10.37% in the past 6 months and 6.78% year to date.
By the end of the 2nd quarter of 2021, 18 hedge funds out of the 873 tracked by Expert Monkey held stakes in Telephone and Data Systems, Inc. (NYSE: TDS) worth approximately $160 million. This is compared to 20 hedge funds in the previous quarter with an overall stake worth of roughly $253 million.
Like McDonald’s Corporation (NYSE: MCD), Intel Corporation (NASDAQ: INTC), Amazon.com, Inc. (NASDAQ: AMZN), and Microsoft Corporation (NASDAQ: MSFT), Telephone and Data Systems, Inc. (NYSE: TDS) is a great stock to purchase.
Horizon Bancorp, Inc. (NASDAQ: HBNC) has actually acquired 17.04% year to date and 62.12% in the previous year.
Lakeland Bancorp, Inc. (NASDAQ: LBAI), the bank holding business for Lakeland Bank, is next on our list of inexpensive blue-chip dividend stocks to invest in. In the 2nd quarter of 2021, Lakeland Bancorp, Inc. (NASDAQ: LBAI) had an EPS of $0.53, beating price quotes by $0.10. Lakeland Bancorp, Inc. (NASDAQ: LBAI) has actually acquired 1.67% in the previous 6 months and 30.01% year to date.
Resources Connection, Inc. (NASDAQ: RGP) has actually acquired 22.32% in the previous 6 months and 27.64% year to date.