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Warren Buffett’s Stock Portfolio and 5 Newest Investments in 2022

In this article, we discuss Warren Buffett’s 5 newest investments in 2022. If you want to see more stocks in this selection, check out Warren Buffett’s Stock Portfolio and 10 Newest Investments in 2022.  5. Aon plc (NYSE:AON) Number of Hedge Fund Holders: 49 Berkshire Hathaway’s Stake Value: $1,177,556,000 Aon plc (NYSE:AON) is an Irish […] In this article, we discuss Warren Buffett’s 5 newest investments in 2022. If you want to see more stocks in this selection, check out Warren Buffett’s Stock Portfolio and 10 Newest Investments in 2022.  5. Aon plc (NYSE:AON) Number of Hedge Fund Holders: 49 Berkshire Hathaway’s Stake Value: $1,177,556,000 Aon plc (NYSE:AON) is an Irish professional services firm that provides commercial risk solutions, retirement planning, and health solutions worldwide. Aon plc (NYSE:AON) is one of the newest picks of Warren Buffett, who added the stock to his portfolio in Q1 2021. Berkshire Hathaway, as of Q3 2022, owns nearly 4.4 million shares of Aon plc (NYSE:AON) worth $1.17 billion, representing 0.39% of the total holdings.  On October 31, Raymond James analyst C. Gregory Peters downgraded Aon plc (NYSE:AON) to Underperform from Market Perform without a price target, citing a market-neutral strategy compared to other names under his coverage. Aon plc (NYSE:AON) has the highest exposure to foreign economies, representing 55% of total revenues, compared to the broker peer average of approximately 40%, the analyst told investors. He added that the group expects soft rates of organic growth through 2023 due to the uncertain economic outlook. According to Insider Monkey’s Q3 data, 49 hedge funds were long Aon plc (NYSE:AON), with combined stakes worth about $4 billion, compared to 49 funds in the prior quarter worth $4.6 billion.  Here is what Mawer Investment Management has to say about Aon plc (NYSE:AON) in its Q3 2022 investor letter: “With the backdrop of a more uncertain economic environment, there were several companies in our portfolios that performed well over the quarter. Businesses we would define as “boring” were some of the stronger performing stocks in the quarter. Holdings such as insurance broker Aon (NYSE:AON) posted steady increases in revenues and operating profits reflecting the stability of their businesses.” Follow Aon Plc (NYSE:AON) Follow Aon Plc (NYSE:AON) We may use your email to send marketing emails about our services. Click here to read our privacy policy......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Warren Buffett’s Stock Portfolio and 10 Newest Investments in 2022

In this article, we discuss Warren Buffett’s 10 newest investments in 2022. If you want to see more stocks in this selection, check out Warren Buffett’s Stock Portfolio and 5 Newest Investments in 2022.  Warren Buffett’s Berkshire Hathaway acquiring a $4.1 billion stake in chipmaker Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter […] In this article, we discuss Warren Buffett’s 10 newest investments in 2022. If you want to see more stocks in this selection, check out Warren Buffett’s Stock Portfolio and 5 Newest Investments in 2022.  Warren Buffett’s Berkshire Hathaway acquiring a $4.1 billion stake in chipmaker Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) during the third quarter of 2022 has made headlines since the latest securities filings were disclosed. Wall Street is taking Buffett’s new stock investment as an indication that the semiconductor stocks might be due for a rebound soon.  On November 15, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares climbed more than 12% to $81.62 in mid-day trading as Buffett disclosed his stake, while other chip makers also rose, including Advanced Micro Devices, Inc. (NASDAQ:AMD), NVIDIA Corporation (NASDAQ:NVDA), and Marvell Technology, Inc. (NASDAQ:MRVL). These firms are also TSMC’s customers. In recent years, Warren Buffett has been willing to invest in technology, with the Berkshire portfolio featuring notable stocks like Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and HP Inc. (NYSE:HPQ). Jim Shanahan, an analyst at Edward Jones, noted that tech and communications businesses now represent approximately half of Berkshire’s portfolio, which he said provides a good balance as the firm’s “portfolio companies are more old economy”. Our Methodology  We selected the 10 stocks which were either new additions to the Berkshire Hathaway portfolio, or where the fund increased its holdings during the end of the third quarter of 2022, for this analysis. Two of these ten stocks were added to the Berkshire holdings in the last two years. The stocks are arranged according to the hedge fund’s stake value in each holding. Insider Monkey’s database of 920 elite hedge funds tracked as of the end of the third quarter of 2022 was used to assess the hedge fund sentiment around the securities.  Warren Buffett’s Stock Portfolio and Newest Investments in 2022 10. Jefferies Financial Group Inc. (NYSE:JEF) Number of Hedge Fund Holders: 33 Berkshire Hathaway’s Stake Value: $12,790,000 Jefferies Financial Group Inc. (NYSE:JEF) is a New York-based company that engages in investment banking, capital markets, and asset management businesses in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Investment Banking and Capital Markets, Asset Management, Merchant Banking, and Corporate segments. Warren Buffett’s Berkshire Hathaway added Jefferies Financial Group Inc. (NYSE:JEF) to its Q3 2022 portfolio by purchasing 433,558 shares worth $12.8 million.  On September 28, Jefferies Financial Group Inc. (NYSE:JEF) declared a $0.30 per share quarterly dividend, in line with previous. The dividend is payable on November 29, to shareholders of record on November 14. Jefferies Financial Group Inc. (NYSE:JEF)’s dividend yield on November 18 came in at 3.22%.  Keefe Bruyette analyst Michael Brown on September 5 upgraded Jefferies Financial Group Inc. (NYSE:JEF) to Outperform from Market Perform with a price target of $38, up from $30. The analyst said Jefferies Financial Group Inc. (NYSE:JEF) is an attractive way to play an investment banking recovery “with idiosyncratic catalysts and limited downside.”  According to Insider Monkey’s data, 33 hedge funds were bullish on Jefferies Financial Group Inc. (NYSE:JEF) at the end of Q3 2022, compared to 29 funds in the prior quarter. Robert Rodriguez and Steven Romick’s First Pacific Advisors is the biggest stakeholder of the company, with 5.7 million shares worth $169.5 million.  Like Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and HP Inc. (NYSE:HPQ), Jefferies Financial Group Inc. (NYSE:JEF) is also backed by Warren Buffett.  Here is what GoodHaven Capital Management specifically said about Jefferies Financial Group Inc. (NYSE:JEF) in its second-quarter 2022 investor letter: “Jefferies Financial Group Inc. (NYSE:JEF) was our next biggest dollar detractor, and had also been a strong contributor in prior periods. As we have previously mentioned, while Jefferies has become a better business it is still a cyclical business, and that some moderating earnings after the recent boom were to be expected. In the first six months of their fiscal 2022, Jefferies earned a ROATE (Return on Adjusted Tangible Equity) of over 11%, reasonable given the very material slowdown in the capital markets lately. They also repurchased over $620 million of their shares at $34+ per share and Jefferies’ stock now trades below tangible book value/share. Given the obvious slowdown in capital raising transactions industry wide, we expect continued muted results in the near-term but also continued share buybacks. Our long-term enthusiasm remains, as does our view of the material upside for the shares from recent levels.” 9. Louisiana-Pacific Corporation (NYSE:LPX) Number of Hedge Fund Holders: 28 Berkshire Hathaway’s Stake Value: $296,692,000 Louisiana-Pacific Corporation (NYSE:LPX) is an American company that manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. Warren Buffett added Louisiana-Pacific Corporation (NYSE:LPX) to his Q3 portfolio by purchasing 5.8 million shares worth about $297 million, representing 0.10% of the total holdings.  On October 28, Louisiana-Pacific Corporation (NYSE:LPX) declared a $0.22 per share quarterly dividend, in line with previous. The dividend is payable on December 1, to shareholders of record on November 9. Louisiana-Pacific Corporation (NYSE:LPX)’s dividend yield on November 18 came in at 1.44%.  BofA analyst George Staphos on September 20 downgraded Louisiana-Pacific Corporation (NYSE:LPX) to Underperform from Neutral, trimming the price target to $56 from $64. The analyst lowered operating rate and pricing forecasts across primary wood products to reflect BofA’s housing and building product views. He believes Louisiana-Pacific Corporation (NYSE:LPX) shares will have a hard time outperforming given a tough macro and a “looming recession.” According to Insider Monkey’s data, 28 hedge funds were bullish on Louisiana-Pacific Corporation (NYSE:LPX) at the end of September 2022, with collective stakes worth $514.2 million, compared to 28 funds in the prior quarter worth $213.3 million. Jim Simons’ Renaissance Technologies is a prominent stakeholder of the company, with 953,400 shares worth $48.80 million.  Here is what L1 Capital International specifically said about Louisiana-Pacific Corporation (NYSE:LPX) in its Q2 2022 investor letter: “We have invested in Louisiana-Pacific Corporation (NYSE:LPX) due to its Smartside siding business. Smartside has consistently increased its share of the siding market in the U.S., not just new residential construction but repair and renovation, shed and other markets. Louisiana Pacific has not been able to keep up with demand for Smartside and is sold out to the end of 2022. New capacity is being added currently which will support future growth. Between 2015 to 2022, Smartside EBITDA increased from around US$100 million to a run-rate approaching US$400 million. We believe Smartside has many years of strongly profitable growth to come (see Figure 12). Imagine being offered to buy a business. This business is breakeven in a down year, makes an operating profit of a few hundred million dollars in a normal year, and in an exceptional period in 2021 made around US$1.5 billion profit. The person offers to sell you the business for nothing. This is the current investment opportunity for Louisiana Pacific. In addition to owning Smartside, it also owns the second largest oriented strand board business in North America and a successful woods product business in South America. The price of OSB is exceptionally volatile, but has recently delivered super-normal profits to Louisiana Pacific, enabling management to buy back 45% of shares on issue while maintaining net cash. At Louisiana Pacific’s current share price, we are paying the bottom end of fair value for Smartside and getting the OSB business practically for nothing.” 8. RH (NYSE:RH) Number of Hedge Fund Holders: 48 Berkshire Hathaway’s Stake Value: $580,724,000 RH (NYSE:RH) is a California-based retailer of home furnishings, providing furniture, lighting, textiles, bathware, and home decor. In Q3 2022, Warren Buffett strengthened his hold on RH (NYSE:RH) by 9%. The hedge fund had 2.36 million shares of RH (NYSE:RH) worth $580.7 million at the end of September, representing 0.19% of the total 13F securities. Buffett has held a position in RH (NYSE:RH) since the third quarter of 2019.  On November 18, Wedbush analyst Seth Basham downgraded RH (NYSE:RH) to Neutral from Outperform but trimmed the price target to $270 from $274. RH (NYSE:RH) has been successful in safeguarding its brand without discounting, but this has contributed to higher market share losses, the analyst wrote in a research note. He sees increasing evidence of a course-correction to its strategy of “climbing the luxury mountain.” The analyst, however, “surprisingly found” that RH (NYSE:RH) slashed prices by 2%-9% since March on half of the products. This “potential course-correction” in the company’s strategy and the worsening macro outlook led to the downgrade.  Among the hedge funds tracked by Insider Monkey, 48 funds were long RH (NYSE:RH) at the end of Q3 2022, compared to 59 funds in the earlier quarter. Stephen Mandel’s Lone Pine Capital held a notable stake in the company, comprising 1.7 million shares worth $436.2 million.  Here is what GreenWood Investors specifically said about RH (NYSE:RH) in its Q2 2022 investor letter: “Gary Friedman, the owner manager of RH (NYSE:RH), has been talking about the company climbing the luxury mountain over the past few years. Wall Street is skeptical RH can hold its leading margin profile after elevated demand during Covid, and it surely doubts that it is a luxury company, at 10x earnings. We’ve been looking to get involved in the housing ecosystem given the dramatic selloff in the sector over the past year, and our first investment here is via RH. Demographically, we expect US household formation to remain very strong after a decade of underinvestment in housing supply. Gary strategically with-held new product launches in the aftermath of Covid, when times were easiest, and is now releasing a new premium product lineup. We believe there is a lot of latent pricing power in home furnishing, and while high interest rates are trapping people in a home they would otherwise possibly leave, we believe the consumer, particularly the high-end consumer, will look to continue to upgrade their homes. The truest test of Gary’s quest to make RH a true luxury company is in fact a recession. One of the reasons why there are few, if any, American luxury businesses, is that without a family controlling the company, optimizer-oriented management teams cannot withstand the pain that comes from not discounting a product line into weak demand. We can’t recall a single American company that has “destroyed” inventory like the French luxury companies in the face of a recession. Many have tried. Few, if any, have succeeded. Anchored by Gary’s 21% ownership of the company, RH has a good chance. And not only is it not tempted in the current volatile environment to discount, but he is actually raising prices. With a buyback authorized for over 30% of the shares outstanding, Friedman is also not shying away from making bold investments in the current environment. He is aggressively expanding galleries and introducing new marquee European properties. The combined product launch cadence, increased prices, aggressive footprint investments and forthcoming share repurchases, not to mention low valuation, made us move off the sidelines and take a position in RH. While we are certainly not hoping for a recession, we are excited that such an environment could solidify Gary’s mission to make RH a rare American luxury brand.” 7. Ally Financial Inc. (NYSE:ALLY) Number of Hedge Fund Holders: 42 Berkshire Hathaway’s Stake Value: $834,901,000 Ally Financial Inc. (NYSE:ALLY) is a Michigan-based digital financial services company that provides its products and services to consumer, commercial, and corporate customers in the United States and Canada. The company operates through four segments – Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.  Ally Financial Inc. (NYSE:ALLY) is one of the newest investments in the Berkshire portfolio. The hedge fund added Ally Financial Inc. (NYSE:ALLY) to its portfolio in the first quarter of 2022, and as of Q3 2022, Berkshire had 30 million shares of the company worth $835 million, representing 0.28% of the total holdings.  On October 26, Compass Point analyst Giuliano Bologna downgraded Ally Financial Inc. (NYSE:ALLY) to Neutral from Buy with a price target of $27, down from $50, following Ally Financial Inc. (NYSE:ALLY)’s Q3 earnings miss and issuance of a “significantly weaker” guidance for earnings through FY23.  According to Insider Monkey’s data, 42 hedge funds were bullish on Ally Financial Inc. (NYSE:ALLY) at the end of September 2022, and Harris Associates held a significant stake, comprising 26.7 million shares worth $745.7 million.  Here is what Moon Capital Management specifically said about Ally Financial Inc. (NYSE:ALLY) in its Q3 2022 investor letter: “We recently purchased shares of Ally Financial Inc. (NYSE:ALLY), the world’s largest digital-only bank. Ally’s legacy dates back more than 100 years when it was originally launched as GMAC, the in-house financing arm of General Motors. The company was spun out from GM and rebranded as Ally more than a decade ago, but has retained an automotive focus on the lending side, where it holds the largest position in prime auto lending. Since the spinoff, Ally has transformed from an auto loan company into a comprehensive, independent finance provider for borrowers and savers of all types. The company has completely restructured the liability side of its balance sheet and has created a deposit-gathering engine that is now more than 85 percent deposit[1]funded. (Compared to issuing traditional corporate debt, deposits are a significantly less expensive capital source for banks.) Due to the lower overhead associated with the digital bank’s lack of brick-and-mortar locations, the bank produces one of the best efficiency ratios in the industry. This low-cost position, combined with a relatively high loan portfolio yield of approximately 6.75 percent, has helped the company earn net interest margins well above those of many leading banks. These high margins translate into high returns on equity, which the company targets at 16-18 percent over the medium term. (Actual ROE in 2021 was 24 percent. When the company came public in 2014, its ROE was a paltry four percent.)..” (Click here to read the full text) 6. Celanese Corporation (NYSE:CE) Number of Hedge Fund Holders: 36 Berkshire Hathaway’s Stake Value: $877,219,000 Celanese Corporation (NYSE:CE) is a Texas-based technology and specialty materials company that manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments – Engineered Materials, Acetate Tow, and Acetyl Chain. Warren Buffett boosted his Celanese Corporation (NYSE:CE) stake by 7% in Q3 2022, holding 9.71 million shares worth $877.2 million, representing 0.29% of the total securities.  On November 10, Deutsche Bank analyst David Begleiter reiterated a Buy rating on Celanese Corporation (NYSE:CE) but lowered the price target on the shares to $105 from $110 following the Q3 results. He said that an EPS of $13 to $14 is achievable in 2023. According to Insider Monkey’s data, 36 hedge funds were bullish on Celanese Corporation (NYSE:CE) at the end of the third quarter of 2022, with collective stakes worth $1.5 billion, compared to 36 funds in the prior quarter worth $1.8 billion. Thomas E. Claugus’ GMT Capital held a significant stake in the company, comprising 1.3 million shares valued at $116.6 million.  In addition to Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and HP Inc. (NYSE:HPQ),  Celanese Corporation (NYSE:CE) is one of the top picks of Warren Buffett.  Here is what Vltava Fund has to say about Celanese Corporation (NYSE:CE) in its Q1 2022 investor letter: “We then used the money freed up to, among other things, open three new positions. The stock price declines during the Russian invasion brought a lot of good prices to the market. Out of all the possibilities we considered, we picked the stocks of Celanese (CE). Celanese is the world’s largest producer of acetic acid and its chemical derivatives, including vinyl acetate monomers and emulsions. Their applications are used in a wide range of industries, such as automotive tobacco, coatings, construction, energy, telecommunications, food, and medical. Celanese recently closed the acquisition of a large part of DuPont’s business, which will make Celanese an even bigger player in the industry while reducing the cyclicality of it business. The acquisition is quite large and should deliver significant value to shareholders that in our view is not at all presently reflected in the share price. Celanese is a business that stands more or less aside from the main interests of most investors, but it is a company with very high returns on capital, strong free cash flow, and historically very efficient resource allocation.”     Click to continue reading and see Warren Buffett’s Stock Portfolio and 5 Newest Investments in 2022.    Suggested articles: Ken Fisher Top Dividend Stocks Google Investment Portfolio.....»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

5 Largest Hotel Chains in the US in 2022

In this article, we will discuss the 5 largest hotel chains in the US in 2022. If you want to read our discussion on the hospitality sector, go directly to the 15 Largest Hotel Chains in the US in 2022. 5. InterContinental Hotels Group PLC (NYSE:IHG) Number of Hedge Fund Holders: 9 Number of Properties […] In this article, we will discuss the 5 largest hotel chains in the US in 2022. If you want to read our discussion on the hospitality sector, go directly to the 15 Largest Hotel Chains in the US in 2022. 5. InterContinental Hotels Group PLC (NYSE:IHG) Number of Hedge Fund Holders: 9 Number of Properties in the U.S.: 3,849 InterContinental Hotels Group PLC (NYSE:IHG) is a Denham, Buckinghamshire, England-based hospitality company with a significant presence in the U.S. InterContinental Hotels Group PLC (NYSE:IHG) is experiencing strong growth in RevPAR as of Q3 2022. Experts believe that the stock could offer upside to investors in the future as the bottom line grows and long-term debt reduces. During Q3 2022, the company’s three upper-upscale tiers of properties, Kimpton, InterContinental, and Hotel Indigo brands, reported the highest average daily rates (ADR) in the Americas. The operator of the Crowne Plaza and Holiday Inn hotel franchise has over 50% of the properties located in the U.S. Furthermore, InterContinental Hotels Group PLC (NYSE:IHG) company has a strong loyalty program with over 100 million members. According to the hotel chain’s management, the members spend 20% more than non-members. InterContinental Hotels Group PLC (NYSE:IHG) was held by 9 hedge funds as of Q3 2022. Follow Intercontinental Hotels Grp Plc (NYSE:IHG) Follow Intercontinental Hotels Grp Plc (NYSE:IHG) We may use your email to send marketing emails about our services. Click here to read our privacy policy......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

15 Largest Hotel Chains in the US in 2022

In this article, we will discuss the 15 largest hotel chains in the US in 2022. If you want to skip our discussion on the hospitality sector, go directly to the 5 Largest Hotel Chains in the US in 2022. Despite the rising inflation and interest rates, the pent-up demand for traveling following the ease […] In this article, we will discuss the 15 largest hotel chains in the US in 2022. If you want to skip our discussion on the hospitality sector, go directly to the 5 Largest Hotel Chains in the US in 2022. Despite the rising inflation and interest rates, the pent-up demand for traveling following the ease of COVID-19-related restrictions is showing no signs of weakness. According to a study, 92% of U.S. citizens intend to travel in the next twelve months. Meanwhile, 28% of Americans intend to travel over the Thanksgiving weekend and 31% over the Christmas period. These figures are at the highest level since the start of the COVID-19 pandemic. As a result, the largest hotel chains in the U.S. are experiencing a stellar recovery, with room occupancy recovering back to the pre-pandemic level. Furthermore, the American Hotel and Lodging Association (AHLA) anticipates hotel room revenue to be recorded at $188 billion by the end of 2022. On a nominal basis, it would be higher than the 2019 levels. Experts anticipate the demand for the traveling and hospitality sectors to remain insulated, benefitting some of the largest hotel chains in the U.S., such as Marriott International, Inc. (NASDAQ:MAR), Wyndham Hotels & Resorts, Inc. (NYSE:WH), and Hilton Worldwide Holdings Inc. (NYSE:HLT). benjamin-suter-Issa_lRkr0o-unsplash Our Methodology We have chosen the 15 largest hotel chains in the U.S. and have ranked them in terms of the number of properties owned by them as of 2022. Eight of the 15 largest hotel chains in the U.S. are publicly-listed companies, so we have included information regarding the level of hedge fund ownership as of Q3 2022. Largest Hotel Chains in the U.S. in 2022 15. Host Hotels & Resorts, Inc. (NASDAQ:HST) Number of Hedge Fund Holders: 30 Number of Properties in the US: 78 Host Hotels & Resorts, Inc. (NASDAQ:HST) is a Maryland-based lodging REIT with 78 hotels containing 42,200 rooms. On October 25, Chris Woronka at Deutsche Bank maintained a Buy rating on Host Hotels & Resorts, Inc. (NASDAQ:HST) stock with a target price of $24. During Q3, the Maui/Oahu portfolio of the business saw a significant increase in revenue, and experts believe that the continuation of this trend will bring more upside to the stock. To further boost its presence in the Jackson Hole area, Host Hotels & Resorts, Inc. (NASDAQ:HST) took over fee simple interest in the Four Seasons Resort and Residences Jackson Hole for $315 million. Experts believe that the company has a strong balance sheet and is working on multiple growth-related strategies as one of the largest hotel chains in the U.S. As of Q3 2022, Host Hotels & Resorts, Inc. (NASDAQ:HST) was held by 30 hedge funds. 14. Apple Hospitality REIT, Inc. (NYSE:APLE) Number of Hedge Fund Holders: 22 Number of Properties in the US: 220 Apple Hospitality REIT, Inc. (NYSE:APLE) is a Richmond, Virginia-based real estate investment trust (REIT) that has a portfolio of hotels located in developing, high-end suburban and urban markets. The company has a presence in 37 states in the US and has 28,983 guest rooms across its properties. Being a REIT, Apple Hospitality REIT, Inc. (NYSE:APLE) is mandated to distribute 90% of its taxable income as dividends to shareholders. The stock offers an attractive one-year forward dividend yield of 5.90% as of November 17. Experts believe that the hotel chain has low exposure to leisure demand and has a bigger presence in the upscale segment of the hotel chain, which is expected to remain strong in case of a recession. Millennium Management raised its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 147% during the third quarter of the year. 13. Hyatt Hotels Corporation (NYSE:H) Number of Hedge Fund Holders: 26 Number of Properties in the US: 664 Hyatt Hotels Corporation (NYSE:H) is a Chicago, Illinois-based hospitality giant. The company posted its Q3 2022 results on November 3. Hyatt Hotels Corporation (NYSE:H) reported an EPS of 64 cents, surpassing the analysts’ forecast of 25 cents. In a research note issued on September 27, Duane Pfennigwerth at Evercore ISI highlighted that Hyatt Hotels Corporation (NYSE:H) operates on an asset-light revenue model that plays in the company’s favor. Analysts think this model would also aid Hyatt Hotels Corporation (NYSE:H) in generating healthier free cash flows in the long run. The analyst gave Hyatt Hotels Corporation (NYSE:H) stock a target price of $100 in his research report and upgraded it from an In-line rating to an Outperform rating. Of the 920 hedge funds in Insider Monkey’s database, Hyatt Hotels Corporation (NYSE:H) was held by 30 hedge funds as of Q3 2022. 12. Red Roof Inn Number of Properties in the US: 670 Red Roof Inn is a New Albany, Ohio-based hotel chain that has the distinction of being the third biggest budget lodging chain in the US. The company also operates in the midscale segment. The hotel chain claims to provide a high level of customer experience at an affordable rate. In January 2022, Red Roof Inn surpassed 60,000 rooms under its portfolio. The hotel chain operator recently opened a 51-room hotel in Rocky Mount, Battleboro, North Carolina, in November 2022. Red Roof Inn’s revenue in 2021 was 19% higher in comparison to 2019, making it one of the few brands in the hospitality industry to surpass the pre-pandemic revenue levels. 11. Westmont Hospitality Group Number of Properties in the US: 695 Westmont Hospitality Group is a Mississauga, Ontario, Canada-based hospitality management company that operates hotels under franchise agreements with leading hotel chains like Marriott International, Inc. (NASDAQ:MAR) and InterContinental Hotels Group PLC (NYSE:IHG). The company has emerged as one of the biggest privately-owned hospitality entities in the world. In July 2022, Westmont Hospitality Group, along with hedge fund Angelo Gordon acquired, Madrid-Spain boutique hotel chain Room Mate for an undisclosed amount. Companies like Westmont Hospitality Group are now co-investing with leading hotel chains in developing new properties and then taking over the role of the tenant. This reflects a higher level of alignment between the parties. 10. Extended Stay America Number of Properties in the US: 760 Extended Stay America is a Charlotte, North Carolina-based company that operates a chain of economy hotels across the US and Canada with over 85,000 rooms. Given the boom in the hospitality industry, the company announced on October 19 that it intends to build 15 new Extended Stay America Premier Suites hotels in partnership with Concord Hospitality and Whitman Peterson. The hotel chain operator provides numerous hotel facilities like a completely operational kitchen and free Wi-Fi that is suitable for short, medium, and long-term hotel stay. The private company generates an approximate annual revenue of $1 billion and recently announced the employment of three industry veterans as part of the company’s Executive Leadership team. 9. Red Lion Hotels Corporation Number of Properties in the US: 1000 Red Lion Hotels Corporation is a Denver, Colorado-based hospitality company that owns and franchises economy, mid-scale and upscale hotels. The company has eight notable brands under its portfolio that comprise Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, etc. Red Lion Hotels Corporation was acquired by Sonesta International in March 2021. Following the acquisition, Sonesta leveraged the expertise of Red Lion Hotels Corporation and launched its franchising operations. The name Red Lion still resonates with the customer strongly and, as a result, operates as a separate entity under the banner of Sonesta International. 8. Aimbridge Hospitality Number of Properties in the US: 1,166 Aimbridge Hospitality is an Arlington, Texas-based third-party hotel management company. The company is at the eighth position in our list of the largest hotel chains in the U.S. in 2022. On November 15, the company announced the arrival of Patrick Volz as Chief Operating Officer for Global Operations. Mr. Volz brings in an experience of over a quarter of a century along with him. In October 2022, Aimbridge Hospitality announced the expansion of its portfolio through the addition of five new properties that will provide growth to the Select Service business division of the company. Overall, Aimbridge Hospitality has six business divisions under its belt. Experts believe that the relevancy of midscale brands depends upon generating brand relevancy for new guests. 7. G6 Hospitality Number of Properties in the US: 1,400 G6 Hospitality is a Carrollton, Texas-based operator and franchisor of economy lodging through its subsidiaries Motel 6 and Studio 6. The company has a presence in 49 states. According to USA Today, Motel 6 was regarded as the “best budget-friendly hotel brand” in 2020. G6 Hospitality has recently launched the “Light Her Way” program, which is focused on encouraging women to own hotels. The company will provide franchise and guidance services to female entrepreneurs who are interested in owning hotels. Out of the 1,400 properties, the company has 100 locations dedicated to providing extended stay facilities. Experts have a bullish take on the extended stay segment of the lodging industry. 6. Best Western International, Inc. Number of Properties in the US: 2,161 Best Western International, Inc is a Phoenix, Arizona-based hotel network with a significant presence in the US through its various brands and a rich history of 75 years. During the annual convention held from October 28 to 30, the Chairman of Best Western, John Kelly, appreciated the efforts of CEO Larry Cuculic in making the hotel chain generate more revenue. Mr. Cuculic was brought in during the fall of 2021. During Q3, the company observed an increase in occupancy rate by 16.2% YoY, and revenue per available room (RevPAR) increased by 37.8% YoY. Given the better-than-expected performance, Best Western International intends to give back a rebate of $15 million to its member hotels. In addition to Best Western International, Inc, Marriott International, Inc. (NASDAQ:MAR), Wyndham Hotels & Resorts, Inc. (NYSE:WH), and Hilton Worldwide Holdings Inc. (NYSE:HLT) are also among the largest hotel chains in the U.S. in 2022.   Click to continue reading and see the 5 Largest Hotel Chains in the US in 2022.   Suggested Articles: Top 10 Clothing Companies in the World Biggest Beauty Companies in the World Biggest Garbage Companies in the US Disclose. None. 15 Largest Hotel Chains in the US in 2022 is originally published on Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Hedge Fund and Insider Trading News: Soleus Capital, Voss Capital, Starboard Value, ZX Squared Capital, Man Group, Ryan Specialty Holdings Inc (RYAN), Charles Schwab Corporation (SCHW), and More

Biopharma Funds Regain Some Health (Institutional Investor) At least one fund is in the black, and several others moved closer to breakeven in October. A number of biopharma hedge funds enjoyed a healthier October. These were led by the Soleus Capital Master Fund, which moved back into the black after gaining 5 percent for the […] Biopharma Funds Regain Some Health (Institutional Investor) At least one fund is in the black, and several others moved closer to breakeven in October. A number of biopharma hedge funds enjoyed a healthier October. These were led by the Soleus Capital Master Fund, which moved back into the black after gaining 5 percent for the month. It is now up nearly 3 percent for the year, according to two investors. Thunderbird Entertainment Group Addresses False Statements Made by Hedge Fund Voss Capital, LLC and Confirms Annual Meeting Will Be Held in Early 2023 (BusinessWire) Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (“Thunderbird” or the “Company”) is correcting the record today regarding false statements made by Texas-based hedge fund Voss Capital, LLC (“Voss”) in its most recent press release. Thunderbird also announced that it will hold its annual general meeting of shareholders (the “Meeting”) in the first quarter of 2023. Man Group Readies Crypto Hedge Fund Despite FTX Chaos (Bloomberg) Man Group Plc is close to starting a dedicated cryptocurrency hedge fund, delving deeper into a market that’s reeling from the collapse of exchange operator FTX. The world’s largest publicly-traded hedge fund firm has been developing the strategy led by money manager Andre Rzym for months, according to people with knowledge of the matter. Pixabay/Public Domain FTX Will be the Last Giant to Fall this Cycle: Hedge Fund Co-founder (Coin Telegraph) This bear market has seen the collapse of Celsius, Three Arrows Capital, Voyager, and now FTX, but the worst is likely over, a hedge fund executive suggests. While the FTX crisis is continuing to unfold, the former head of risk at Credit Suisse believes the exchange’s fall from grace should be the last catastrophic event — at least in this market cycle. CK Zheng, the former head of valuation risk at Credit Suisse and now co-founder of crypto hedge fund ZX Squared Capital said that FTX’s fall was part of a “deleveraging process” that began after the COVID-19 pandemic and further accelerated after the fall of Terra Luna Classic (LUNC), formerly Terra (LUNA). Hedge Fund Starboard Value Cuts Stake in CommVault Systems (CVLT) (Nasdaq.com) Fintel reports that Starboard Value LP has filed a 13D/A form with the SEC disclosing ownership of 2,719,857 shares of CommVault Systems, Inc. (CVLT). This represents 6.1% of the company. In their previous filing dated July 6, 2022 they reported 3,802,375 shares and 8.50% of the company, a decrease in shares of 28.47% and a decrease in total ownership of 2.40% (calculated as current – previous percent ownership)......»»

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5 Biggest European Car Companies

In this article, we will discuss the 5 biggest European car companies. If you want to read our analysis of the European automobile industry, you can go to 15 Biggest European Car Companies. 5. Ferrari N.V. (NYSE:RACE) Market Cap as of November 15: $39.19 Billion Ferrari N.V. (NYSE:RACE) is an Italian luxury sports car manufacturer […] In this article, we will discuss the 5 biggest European car companies. If you want to read our analysis of the European automobile industry, you can go to 15 Biggest European Car Companies. 5. Ferrari N.V. (NYSE:RACE) Market Cap as of November 15: $39.19 Billion Ferrari N.V. (NYSE:RACE) is an Italian luxury sports car manufacturer based in Maranello, Italy. There are several competitive advantages that Ferrari N.V. (NYSE:RACE) has over its competitors. One is that the company has a long and successful history in the automotive industry. This gives it a strong reputation and brand recognition. Additionally, Ferrari N.V. (NYSE:RACE) is a luxury car manufacturer, and its vehicles are known for their high quality and performance. This allows the company to charge premium prices for its cars. Finally, Ferrari N.V. (NYSE:RACE) has a very strong motorsport program, which gives it a great deal of exposure and helps to promote its brand. Ferrari N.V. (NYSE:RACE) is among the biggest car companies in Europe and has a market cap of $39.19 billion, as of November 15. Follow Ferrari N.v. (NYSE:RACE) Follow Ferrari N.v. (NYSE:RACE) We may use your email to send marketing emails about our services. Click here to read our privacy policy......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

15 Biggest European Car Companies

In this article, we will discuss the 15 biggest European car companies. If you want to skip our analysis of the European automobile industry, you can go directly to 5 Biggest European Car Companies. The motor vehicle industry in Europe is one of the largest industries in the world. Europe is home to some of […] In this article, we will discuss the 15 biggest European car companies. If you want to skip our analysis of the European automobile industry, you can go directly to 5 Biggest European Car Companies. The motor vehicle industry in Europe is one of the largest industries in the world. Europe is home to some of the most well-known and prestigious car brands such as BMW, Mercedes-Benz, Audi, Porsche, Jaguar, and Bentley. The industry is responsible for a large portion of the continent’s GDP and employs millions of people. The European car industry is very competitive and is constantly evolving. New technologies and trends are constantly being introduced in order to stay ahead of the competition. The industry is consolidated, with a few large companies dominating the market. European car companies are competing with global auto giants like Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), and Tesla Inc (NASDAQ:TSLA). The European Automotive Industry According to The European Automobile Manufacturers Association, or ACEA, the European automobile industry employs over 13 million Europeans which represents 7% of jobs in the region. An estimated 11.5% of all EU jobs belong to the manufacturing sector and 3.4 million of those are attributed to the automobile industry. According to ACEA, motor vehicles bring in roughly EUR 374.6 billion in tax revenue to governments across Europe and the automotive industry accounts for a trade surplus of EUR 79.5 billion for the continent. Moreover, the automobile industry accounts for over 8% of Europe’s GDP, and roughly EUR 58.8 billion is set aside for investments in R&D for the automotive sector, which makes up for roughly 32% of total government expenditure. The Rise of Battery Electric Vehicles According to ACEA, the market share of battery electric vehicles in Europe grew in the third quarter of 2022 to 11.9%, up from 9.8% in the third quarter of 2021. As of the third quarter of 2022, hybrid electric vehicles hold a 22.6% market share of EU cars,  up from 21.2% in the comparable quarter last year. Though the market share for BEVs is increasing, internal combustion engine vehicles continue to dominate the market and hold a 54.3% share of the European automotive market. The automobile industry in Europe is highly competitive and diverse. The main players in the industry are Germany, France, Italy, Spain, and the United Kingdom. These countries have a long history of producing high-quality automobiles, and they continue to innovate and invest in new technologies. This article will look at some of the biggest European car companies which include Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY), Mercedes-Benz Group AG (OTC:MBGYY), and Volkswagen AG (OTC:VWAGY). Our Methodology To determine the biggest European car companies, we reviewed the European automobile industry and identified major players. We have included both public and private companies in this list. For public companies, we gave weight to the market cap, and for private companies, we gave weight to other metrics such as the number of employees, cash flows, and vehicle sales, among others. For private companies, we also sourced the estimated annual revenue from Growjo, a leading information services company that has credible databases of companies. Biggest European Car Companies 15. Pagani Automobili Annual Revenue (2020): EUR 106.9 Million  Pagani Automobili is an Italian manufacturer of sports cars and supercars. The company was founded in 1992 by Horacio Pagani and is based in San Cesario sul Panaro, near Modena, Italy. Pagani’s first car was the Zonda, which was launched in 1999. The Zonda was followed by the Huayra, which was launched in 2011. Pagani is known for using carbon fiber in its vehicles, and for its attention to detail. The company’s cars are hand-built, and each one is unique. Pagani’s cars are some of the most expensive on the market, with the Huayra costing over $3 million. However, the company’s products are also among the most sought-after, with waiting lists for its cars often stretching into years. Pagani Automobili has an estimated 250 employees and its lead investor is Saudi Arabia’s Public Investment Fund. Pagani Automobili is among the biggest car companies in Europe by revenue. The company generated a revenue of EUR 106.9 million in 2020. 13. Koenigsegg Automotive AB Annual Revenue (Estimated): $196.6 Million Koenigsegg Automotive AB is a Swedish manufacturer of high-performance sports cars, founded in 1994. The company is located in Ängelholm, Sweden. It is known for producing the Koenigsegg CCX, Koenigsegg Agera, Koenigsegg Regera, and Koenigsegg One:1. Koenigsegg Automotive AB has a skilled team of roughly 450 employees. Koenigsegg Automotive AB is a privately held company, however, the company’s premium cars which start at over $1.5 million make it one of the biggest car companies in Europe. The company’s estimated annual revenue borders $200 million. 10. Volvo Cars Market Cap as of November 15: $229.8 Million Volvo Cars is a Swedish luxury vehicle manufacturer founded in 1927. It is headquartered in Gothenburg, Sweden. The company manufactures and markets sport utility vehicles (SUVs), station wagons, sedans, compact executive sedans, and coupes. Volvo Cars has a number of competitive advantages over its rivals. Firstly, it has a strong reputation for safety which is a key selling point for many customers. Secondly, its cars are known for being extremely reliable which again is a key selling point. Thirdly, Volvo Cars offers a wide range of vehicles to appeal to a wide range of customers. Finally, its customer service is excellent which helps to create a loyal customer base. In 2021, Volvo Cars generated revenue of SEK 282 billion. Volvo Cars is one of the biggest European car companies. 12. Jaguar Land Rover Annual Revenue (Estimated): $479.6 Million Jaguar Land Rover is a British multinational automotive company with its headquarters in Whitley, Coventry, England. The company manufactures and markets luxury vehicles under its two main brands, Jaguar and Land Rover. Some of the main competitive advantages that Jaguar Land Rover has are its strong brand identity, its unique design language, its well-crafted vehicles, and its rich heritage. Jaguar Land Rover also has a strong dealer network and after-sales support. Additionally, the company has a strong financial position and is investing heavily in new products, technologies, and facilities. Jaguar Land Rover employs over 40,000 people globally and is one of the largest European car companies. 14. Automobili Lamborghini S.p.A. Annual Revenue (Estimated): $1.8 Billion In 1963, Ferruccio Lamborghini founded Automobili Lamborghini S.p.A. in Sant’Agata Bolognese, Italy. The company’s first car, the Lamborghini 350GTV. Automobili Lamborghini S.p.A. went on to produce a number of iconic cars, including the Miura, the Countach, and the Diablo. Today, Lamborghini is owned by Volkswagen AG (OTC:VWAGY) and produces a range of high-performance sports cars. Automobili Lamborghini S.p.A. is among the biggest car companies in Europe and reportedly generated a turnover of EUR 1.95 billion in 2021, up 19% year over year. 11. Peugeot Annual Revenue (Estimated): $4.8 Billion Peugeot is a French car maker that was founded in 1810. The company produces a wide range of vehicles, from small city cars to large SUVs. Peugeot is known for its commitment to innovation and has been responsible for several industry firsts, such as the world’s first mass-produced diesel car. Today, Peugeot is a major player in the global automotive market, with sales in over 160 countries. Peugeot is one of the largest European car companies. Some of Europe’s most iconic and biggest carmakers include Bayerische Motoren Werke Aktiengesellschaft (OTC:BMWYY), Mercedes-Benz Group AG (OTC:MBGYY), and Volkswagen AG (OTC:VWAGY). 9. Aston Martin Lagonda Global Holdings plc (OTC:ARGGY) Market Cap as of November 15: $1.21 Billion Aston Martin Lagonda Global Holdings plc (OTC:ARGGY) is a leading English automaker that engages in the business of designing, developing, manufacturing, and selling of luxury sports cars. The company offers a range of luxury sports cars, including the DB11, DBS Superleggera, Vantage, Rapide AMR, Vanquish S, Vanquish Zagato, and Vulcan. The company sells its cars through a network of dealerships located in Europe, the United Kingdom, North America, the Middle East, Africa, Asia Pacific, and South America. Aston Martin Lagonda Global Holdings plc (OTC:ARGGY) is headquartered in Warwickshire, the United Kingdom. As of November 15, the company is worth $1.21 billion on the open market and is one of the largest European car companies in the world. Like Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), and Tesla Inc (NASDAQ:TSLA), Aston Martin Lagonda Global Holdings plc (OTC:ARGGY) has a rich history of delivering the best-in-class automobiles and has a strong footing in the global automotive market. 8. Renault SA (OTC:RNLSY) Market Cap as of November 15: $9.84 Billion Renault SA (OTC:RNLSY) is a French multinational automobile manufacturer established in 1898. The company produces a range of passenger and light commercial, and electric vehicles primarily under Renault, Dacia, Renault Samsung Motors, Alpine, LADA, and Jinbei & Huaasong. Renault SA (OTC:RNLSY) is one of the largest automakers in Europe and has a significant presence in many global markets. As of November 15, the company is worth roughly $9.8 billion on the open market. Renault SA (OTC:RNLSY) is a large, profitable, and, cash-rich company that employs over 100,000 employees in 38 countries. According to the company’s balance sheet, Renault SA (OTC:RNLSY) has free cash flows of $576,000. 7. Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Market Cap as of November 15: $12.31 Billion Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is a Swedish automaker that is engaged in the design, development, and manufacture of high-performance electrified vehicles. The company was founded in 2017 and employs over 1,300 skilled individuals. As of November 15, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has a market cap of $12.31 billion and is ranked among the biggest car companies in Europe. On November 11, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) posted earnings for the third quarter of 2022. The company reported a net income of $299.39 million and generated a revenue of $435.45 million, up 104.5% year over year. 6. Porsche Automobil Holding SE (OTC:POAHY) Market Cap as of November 15: $18.56 Billion Porsche Automobil Holding SE (OTC:POAHY) is a leading German automobile manufacturer that makes and sells high-performance sports cars, SUVs, and sedans worldwide. The company has a strong brand name, a history of producing high-quality sports cars, and a reputation for excellent customer service. These advantages allow Porsche Automobil Holding SE (OTC:POAHY) to charge premium prices for its cars and to maintain high levels of customer satisfaction. The company is ranked among the biggest car companies in Europe and, as of November 15, is valued at $18.56 billion. In addition to Porsche Automobil Holding SE (OTC:POAHY), other prominent players in the global car market include Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), and Tesla Inc (NASDAQ:TSLA).   Click to continue reading and see 5 Biggest European Car Companies.   Suggested articles: 12 Most Active Stocks To Buy 15 Biggest Mortgage Companies in the US 15 Biggest European Energy Companies Disclosure: None. 15 Biggest European Car Companies is originally published on Insider Monkey......»»

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Billionaire Cliff Asness’ 5 New Stock Picks

In this article, we discuss billionaire Cliff Asness’ top 5 new stock picks. If you want to see more of billionaire Cliff Asness’ new stock picks, go directly to Billionaire Cliff Asness’ 10 New Stock Picks. 5. ASE Technology Holding Co., Ltd. (NYSE:ASX) AQR Capital Management’s Stake Value as of 9/30: $3,313,000 Percentage of AQR […] In this article, we discuss billionaire Cliff Asness’ top 5 new stock picks. If you want to see more of billionaire Cliff Asness’ new stock picks, go directly to Billionaire Cliff Asness’ 10 New Stock Picks. 5. ASE Technology Holding Co., Ltd. (NYSE:ASX) AQR Capital Management’s Stake Value as of 9/30: $3,313,000 Percentage of AQR Capital Management’s 13F Portfolio as of 9/30:.....»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Billionaire Cliff Asness’ 10 New Stock Picks

In this article, we will take a look at billionaire Cliff Asness’ 10 new stock picks. If you want to see more of billionaire Cliff Asness’ new stock picks, go directly to Billionaire Cliff Asness’ 5 New Stock Picks. Billionaire Cliff Asness is the founder of quantitative giant AQR Capital Management. The fund, which stands […] In this article, we will take a look at billionaire Cliff Asness’ 10 new stock picks. If you want to see more of billionaire Cliff Asness’ new stock picks, go directly to Billionaire Cliff Asness’ 5 New Stock Picks. Billionaire Cliff Asness is the founder of quantitative giant AQR Capital Management. The fund, which stands for ‘applied quantitative research capital management’ has around $124 billion in assets under management as of the beginning of 2022 and a 13F equity portfolio of over $41 billion as of the end of September 30. In terms of its strategy, AQR Capital Management uses economic theory and substantial math to build models through a continuous process of designing, refining, testing, and repeating. Asness is a believer in diversification as his fund holds over 2,000 stocks in its 13F portfolio at the end of Q3. In terms of its performance, AQR Capital Management has bounced back from a more challenging 2018-2020. Asness commented on the performance, “”While 2018 to 2020 was actually the toughest period I’ve seen yet, the first three months of 2021 have made for one of the strongest starts to a year we have had in our history.” AQR Capital Management would end up having a strong 2021, and a strong beginning of 2022. In terms of 2022, the year has been a volatile one for the markets as the high inflation has caused the Federal Reserve to increase interest rates six times this year alone. With the higher interest rates, many economists think there could be an economic slowdown or a recession next year. As a result, the stock prices of many companies have decreased year to date and there is still a lot of uncertainty in the markets. Given the uncertainty, it could be a good idea for long term investors to own a well diversified portfolio of stocks across many different sectors. Cliff Asness of AQR Capital Management Methodology For our list of billionaire Cliff Asness’ 10 New Stock Picks, we took 10 stocks in which Cliff Asness’ AQR Capital Management established new equity positions in Q3 2022 according to 13F filings. We ranked them based on the stake value of AQR Capital Management’s new position. Because the fund uses a quantitative approach and the fund has thousands of positions, AQR Capital Management entered new positions into many different stocks in Q3 2022. Billionaire Cliff Asness’ 10 New Stock Picks 10. The Marcus Corporation (NYSE:MCS) AQR Capital Management’s Stake Value as of 9/30: $1,005,000 Percentage of AQR Capital Management’s 13F Portfolio as of 9/30:.....»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Billionaire Cliff Asness’ Top 5 Dividend Stocks

In this article, we discuss billionaire Cliff Asness’ top 5 dividend stocks. If you want to see more of billionaire Cliff Asness’ dividend stocks, go directly to Billionaire Cliff Asness’ Top 10 Dividend Stocks. 5. Exxon Mobil Corporation (NYSE:XOM) AQR Capital Management’s Stake Value as of 9/30: $379,998,000 Percentage of AQR Capital Management’s 13F Portfolio […] In this article, we discuss billionaire Cliff Asness’ top 5 dividend stocks. If you want to see more of billionaire Cliff Asness’ dividend stocks, go directly to Billionaire Cliff Asness’ Top 10 Dividend Stocks. 5. Exxon Mobil Corporation (NYSE:XOM) AQR Capital Management’s Stake Value as of 9/30: $379,998,000 Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: 0.92% Dividend Yield as of 11/17: 3.22% AQR Capital Management owned almost $380 million worth of oil giant Exxon Mobil Corporation (NYSE:XOM) at the end of September, making it one of the fund’s largest positions. Although oil and gas prices can go up and down substantially based on supply and demand, Exxon Mobil Corporation (NYSE:XOM) has benefited from higher energy prices this year and shares of the company have outperformed the market with a 78% year to date rally. Exxon Mobil Corporation (NYSE:XOM) shares also have a dividend yield of 3.22% as of 11/17......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Billionaire Cliff Asness’ Top 10 Dividend Stocks

In this article, we will take a look at billionaire Cliff Asness’ top 10 dividend stocks. If you want to see more of billionaire Cliff Asness’ dividend stocks, go directly to Billionaire Cliff Asness’ Top 5 Dividend Stocks. Billionaire Cliff Asness is the founder of AQR Capital Management, one of the largest hedge funds in […] In this article, we will take a look at billionaire Cliff Asness’ top 10 dividend stocks. If you want to see more of billionaire Cliff Asness’ dividend stocks, go directly to Billionaire Cliff Asness’ Top 5 Dividend Stocks. Billionaire Cliff Asness is the founder of AQR Capital Management, one of the largest hedge funds in the world. In 1998, Asness, along with several of his Goldman Sachs colleagues, founded AQR Capital Management after they ran $7 billion for Goldman Sachs Asset Mangement’s quantitative research group that realized substantial success. At AQR Capital Management, which stands for ‘Applied Quantitative Research Capital Management’, Asness and his colleagues did similar things where they took substantial market data, processed it, and applied it to the markets. Given AQR Capital Management’s track record since its founding, the fund now has a 13F portfolio worth over $41 billion as of the end of September. Although the fund had a challenging 2018 to 2020, the fund had a strong 2021. In terms of 2022, some of AQR’s most famous funds are up this year as of April 2022. 2022 has been challenging given the high inflation and central bank tightening. Given the interest rate increases, U.S. Treasury yields have increased substantially and many dividend stocks are not as attractive to some investors as they were before as a result. Nevertheless, October’s inflation data shows that inflation could be peaking. If inflation has peaked, interest rates might not rise that much further and high quality blue chip dividend stocks could potentially be attractive in the long term given the lower valuations. Given the uncertainty, it could be a good idea for long term investors to own a diversified portfolio of stocks across many different sectors. Cliff Asness of AQR Capital Management Methodology For our list of Billionaire Cliff Asness’ Top 10 Dividend Stocks, we took 10 stocks from Cliff Asness’ AQR Capital Management’s top holdings in its 13F portfolio at the end of Q3 2022 that paid dividends and we ranked them based on AQR Capital Management’s stake in the stocks. Billionaire Cliff Asness’ Top 10 Dividend Stocks 10. Johnson & Johnson (NYSE:JNJ) AQR Capital Management’s Stake Value as of 9/30: $326,259,000 Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: 0.79% Dividend Yield as of 11/17: 2.61% Johnson & Johnson (NYSE:JNJ) is a healthcare giant whose shares are up 1.4% year to date. Given that the company has been well run and it has substantial pricing power, Johnson & Johnson (NYSE:JNJ) has raised its annual dividend for over 60 years. Despite the strong dollar and high inflation, the company’s recent results have been strong. For Q3, Johnson & Johnson (NYSE:JNJ) reported adjusted earnings of $2.55 per share on sales of $23.8 billion versus estimates of $2.48 on revenue of $23.4 billion. AQR Capital Management has a stake of over $326 million in the giant as of the end of September. Alongside Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL), Johnson & Johnson (NYSE:JNJ) is a dividend stock owned by billionaire Cliff Asness’ AQR Capital Management at the end of Q3 2022. 9. Cisco Systems, Inc. (NASDAQ:CSCO) AQR Capital Management’s Stake Value as of 9/30: $335,677,000 Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: 0.81% Dividend Yield as of 11/17: 3.42% Although shares are down 26.2% year to date, Cisco Systems, Inc. (NASDAQ:CSCO) shares are up 11.5% in the last month thanks to the broader market rally. Shares of the computer network product maker also have a dividend yield of 3.42% as of 11/17. With inflation potentially peaking, there’s hope that interest rates won’t go up as much as expected. If interest rates don’t go up as much, valuations for big tech companies like Cisco Systems, Inc. (NASDAQ:CSCO) could benefit. AQR Capital Management has a stake of over $335 million in Cisco Systems, Inc. (NASDAQ:CSCO) at the end of Q3. 8. Merck & Co., Inc. (NYSE:MRK) AQR Capital Management’s Stake Value as of 9/30: $338,191,000 Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: 0.82% Dividend Yield as of 11/17: 2.76% Merck & Co., Inc. (NYSE:MRK) has been one of the best performing large capitalization stocks in 2022 with shares up 33% year to date. Furthermore, Merck & Co., Inc. (NYSE:MRK) is also a dividend stock given its yield of 2.76% as of 11/17. With a stake of over $338 million at the end of September 30, AQR Capital Management’s 13F portfolio has likely benefited from Merck & Co., Inc. (NYSE:MRK)’s recent rise from $86.12 on 9/30 to $102.31 as of 11/17. One reason for the rally could be higher expected earnings. According to Barron’s, analysts expect Merck & Co., Inc. (NYSE:MRK) to earn on average $7.37 in EPS for 2022, $7.53 for 2023, and $8.69 for 2024. 7. Gilead Sciences, Inc. (NASDAQ:GILD) AQR Capital Management’s Stake Value as of 9/30: $340,112,000 Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: 0.82% Dividend Yield as of 11/17: 3.52% Like its peer Merck & Co., Inc. (NYSE:MRK), Gilead Sciences, Inc. (NASDAQ:GILD) shares have performed well in 2022 with shares up 15.2% year to date. With AQR Capital Management owning over $340 million worth of Gilead Sciences, Inc. (NASDAQ:GILD) at the end of September 30, the fund has likely benefited from the stock’s rise from $61.69 at the end of September to $83.62 as of November 17. In November, Jasper Hellweg of Argus raised his price target to $100 from $70 and kept a ‘Buy’ rating on Gilead Sciences, Inc. (NASDAQ:GILD) citing pipeline and regulatory progress. As of 11/17, Gilead Sciences, Inc. (NASDAQ:GILD) shares have a dividend yield of 3.52%. 6. CVS Health Corporation (NYSE:CVS) AQR Capital Management’s Stake Value as of 9/30: $365,686,000 Percentage of AQR Capital Management’s 13F Portfolio as of 9/30: 0.89% Dividend Yield as of 11/17: 2.29% CVS Health Corporation (NYSE:CVS) is a dividend stock given its yield of 2.29% as of 11/17. As of 9/30, AQR Capital Management was a substantial holder of the stock with a stake value of over $365 million. For FY22, the company sees adjusted EPS guidance range of $8.55-$8.65 and full year 2022 cash flow from operations guidance range to $13.5 billion to $14.5 billion. Vltava Fund commented on CVS Health Corporation (NYSE:CVS) in a Q3 2022 investor letter, “CVS is a leader in the provision of healthcare services in the USA. It has three main businesses: an enormous network of pharmacies, a health insurance company, and “prescription benefit management”, which is a kind of intermediary between insurance companies and pharmacies. This is the result of large acquisitions over the past 15 years – most notably of Caremark (2007) and Aetna (2018). The markets had deemed its acquisition of health insurer Aetna too expensive (and we agree), so CVS stock then fell into disfavour for a few years. We took advantage of this in the summer of 2020 and brought the stock into our portfolio at a time when its price was pressed down still further by the coronavirus pandemic. CVS is a giant. It has revenues of USD 300 billion, making it one of the largest companies in the world. It is a relatively stable and highly profitable company with strong free cash flow. Over the past few years, CVS has focused primarily on reducing debt. This is already much lower than it had been after the Aetna acquisition, and most of the cash is now likely to go to shareholders through share buybacks or be used for smaller acquisitions to grow the company further. CVS trades at about 11 times annual earnings, which is a very appealing valuation given the expected future growth in profitability and overall modest cyclicality in its business.” Like CVS Health Corporation (NYSE:CVS), Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Microsoft Corporation (NASDAQ:MSFT), and Apple Inc. (NASDAQ:AAPL) are among billionaire Cliff Asness’ AQR Capital Management’s top dividend stocks at the end of Q3 2022. Click to continue reading and see Billionaire Cliff Asness’ Top 5 Dividend Stocks. Suggested articles: 15 Fastest Growing Economies in the World in 2022 10 Biggest Energy Companies in the UK 12 Best Financial Dividend Stocks to Invest In Disclosure: None. Billionaire Cliff Asness’ Top 10 Dividend Stocks is originally published on Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Warren Buffett’s Top 5 Dividend Stock Picks

In this article, we discuss top 10 dividend stocks to buy according to Warren Buffett. If you want to read our detailed analysis of Berkshire Hathaway’s performance and Buffett’s investment strategy, go directly to read Warren Buffett’s Top 10 Dividend Stock Picks.  5. The Kraft Heinz Company (NASDAQ:KHC) Berkshire Hathaway’s Stake Value: $10,859,921,000 Dividend Yield […] In this article, we discuss top 10 dividend stocks to buy according to Warren Buffett. If you want to read our detailed analysis of Berkshire Hathaway’s performance and Buffett’s investment strategy, go directly to read Warren Buffett’s Top 10 Dividend Stock Picks.  5. The Kraft Heinz Company (NASDAQ:KHC) Berkshire Hathaway’s Stake Value: $10,859,921,000 Dividend Yield as of November 18: 4.22% The Kraft Heinz Company (NASDAQ:KHC) is a Chicago-based multinational food company that operates over 20 brands. The company has been offering dividends to shareholders even before the merger of Kraft and Heinz in 2015. It currently pays a quarterly dividend of $0.40 per share and has a dividend yield of 4.22%, as of November 18. BNP Paribas initiated its coverage of The Kraft Heinz Company (NASDAQ:KHC) in November with a Neutral rating and a $39 price target. The firm mentioned that US packaged food group has historically outperformed the wider market. Berkshire started building its position in The Kraft Heinz Company (NASDAQ:KHC) during the third quarter of 2015, purchasing shares worth roughly $23 billion. During Q3 2022, the hedge fund did not change its position in the company and owned a $10.8 billion worth of KHC stake. The company represented 3.66% of Warren Buffett’s portfolio. At the end of September 2022, 40 hedge funds tracked by Insider Monkey owned stakes in The Kraft Heinz Company (NASDAQ:KHC), compared with 41 in the previous quarter. These stakes are collectively worth over $11.8 billion. Follow Kraft Heinz Co (NASDAQ:KHC) Follow Kraft Heinz Co (NASDAQ:KHC) We may use your email to send marketing emails about our services. Click here to read our privacy policy......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Warren Buffett’s Top 10 Dividend Stock Picks

In this article, we discuss top 10 dividend stocks to buy according to Warren Buffett. You can skip our detailed analysis of Berkshire Hathaway’s performance and Buffett’s investment strategy, and go directly to read Warren Buffett’s Top 5 Dividend Stock Picks.  The ongoing market volatility has opened new investing avenues for the world’s greatest value […] In this article, we discuss top 10 dividend stocks to buy according to Warren Buffett. You can skip our detailed analysis of Berkshire Hathaway’s performance and Buffett’s investment strategy, and go directly to read Warren Buffett’s Top 5 Dividend Stock Picks.  The ongoing market volatility has opened new investing avenues for the world’s greatest value investor Warren Buffett. His hedge fund, Berkshire Hathaway, loaded up on energy stocks earlier this year due to the sector’s low valuations and steady shareholder return. Where the stock market selloff was worrying for many investors, Buffett made the most of it by targeting his favorite sectors. According to a report by Wall Street Journal, Berkshire bought stocks worth over $66 billion during the first nine months of the year, spending over 13 times more as compared to the same period in 2021. The interest rate hikes have also benefitted the Berkshire this year. In the third quarter, the company earned over $397 million in interest on its $197 billion cash pile, which is over three times from a year-ago period, as reported by Financial Times. The report also mentioned that the energy business within Berkshire’s utility division reported a 17% growth in revenues due to higher power costs. During the third quarter of 2022, Berkshire bought $9 billion in stock overall, including over $4.1 billion worth of investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). Other than this, Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) are other prominent tech stocks in the billionaire’s portfolio. The hedge fund’s 13F portfolio had a value of over $296 billion in Q3 2022, compared with $300 billion in the previous quarter. Buffett has also focused on dividend stocks since the very start of his investment career. As of Q3, nearly 90% of the companies in his portfolio pay regular dividends to shareholders. Given this, we will discuss the top dividend stocks in Buffett’s portfolio.   Our Methodology: We selected dividend stocks from Berkshire Hathaway’s 13F portfolio, as of the third quarter of 2022. The stocks are ranked according to their stake value in the portfolio. Warren Buffett’s Top 10 Dividend Stock Picks 10. The Kroger Co. (NYSE:KR) Berkshire Hathaway’s Stake Value: $2,199,260,000     Dividend Yield as of November 18: 2.13% The Kroger Co. (NYSE:KR) is an Ohio-based retail company that operates supermarkets and multi-department stores across the country. The company has been a part of Berkshire’s portfolio since the fourth quarter of 2019 when the hedge fund opened its position with shares worth over $549 million. At the end of Q3 2022, the fund owned over 50 million KR shares, worth $2.2 billion. The company represented 0.74% of Warren Buffett’s portfolio. In addition to Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Apple Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN), The Kroger Co. (NYSE:KR) is another important holding of Warren Buffett. The Kroger Co. (NYSE:KR) is one of the best dividend stocks on our list as it has raised its payouts each year since 2006. The company pays a quarterly dividend of $0.26 per share and has a dividend yield of 2.13%, as of November 18. In November, Evercore ISI upgraded The Kroger Co. (NYSE:KR) to Outperform and also raised its price target on the stock to $56. The firm sees the above industry demand due to higher inflation in the coming months. As of the close of Q3 2022, 49 hedge funds tracked by Insider Monkey owned stakes in The Kroger Co. (NYSE:KR), the same as in the previous quarter. These stakes have a total value of over $4.12 billion. 9. Citigroup Inc. (NYSE:C) Berkshire Hathaway’s Stake Value: $2,298,341,000     Dividend Yield as of November 18: 4.71% Citigroup Inc. (NYSE:C) is an American multinational investment banking company that offers related services to its consumers. JPMorgan mentioned the company in its November investors’ note and stated that large-cap banks are seeing benefits in revenues from higher interest rates and credit quality. Given this, the firm raised its price target on the stock to $49.50 with a Neutral rating on the shares. At the end of Q3 2022, Berkshire owned over 55 million shares in Citigroup Inc. (NYSE:C), valued at roughly $2.3 billion. The company represented 0.77% of Warren Buffett’s portfolio. On October 20, Citigroup Inc. (NYSE:C) declared a quarterly dividend of $0.51 per share, in line with its previous dividend. The stock’s dividend on November 18 came in at 4.71%. At the end of Q3 2022, 65 hedge funds in Insider Monkey’s database owned stakes in Citigroup Inc. (NYSE:C), growing from 82 in the previous quarter. These stakes have a total value of over $7.1 billion. Diamond Hill Capital mentioned Citigroup Inc. (NYSE:C) in its Q1 2022 investor letter. Here is what the firm has to say: “Shares of Citigroup declined in the quarter as investors became increasingly negative on capital markets activity. The company is also continuing to divest certain consumer banking geographies which may be dilutive to earnings in the near term.” 8. The Bank of New York Mellon Corporation (NYSE:BK) Berkshire Hathaway’s Stake Value: $2,396,364,000     Dividend Yield as of November 18: 3.33% The Bank of New York Mellon Corporation (NYSE:BK) is a New York-based investment banking services holding company that conducts businesses in all markets of the world. Berkshire has been investing in the company since the fourth quarter of 2010. During Q3 2022, the hedge fund reduced its position in the company by 15%, which takes its total BK stake to roughly $2.4 billion. The company represented 0.8% of Warren Buffett’s portfolio. On October 17, The Bank of New York Mellon Corporation (NYSE:BK) declared a quarterly dividend of $0.37 per share, which fell in line with the company’s previous dividend. The company has paid regular dividends to shareholders for 21 years in a row. As of November 18, the stock has a dividend yield of 3.33%. Citigroup raised its price target on The Bank of New York Mellon Corporation (NYSE:BK) to $50 in October with a Buy rating on the shares, highlighting the company’s strong capital returns and improving net interest income outlook for FY23. The Bank of New York Mellon Corporation (NYSE:BK) experienced growth in hedge fund positions in Q3 2022, as 50 funds tracked by Insider Monkey owned stakes in the company, up from 38 in the previous quarter. These stakes are valued at $3.28 billion collectively, compared with $3.6 billion worth of stakes owned by hedge funds in the preceding quarter. 7. U.S. Bancorp (NYSE:USB) Berkshire Hathaway’s Stake Value: $3,136,420,000     Dividend Yield as of November 18: 4.45% U.S. Bancorp (NYSE:USB) is an American bank holding company. Elite funds remained bullish on the company in Q3 2022, with hedge fund positions increasing to 52, from 43 in the previous quarter, as per Insider Monkey’s database. The stakes owned by these hedge funds have a total value of roughly $4.8 billion. At the end of Q3 2022, Berkshire’s stake in U.S. Bancorp (NYSE:USB) amounted to over $3.1 billion, after the fund reduced its position in the company by 36%. The company constituted 1.05% of Warren Buffett’s portfolio. In September, U.S. Bancorp (NYSE:USB) declared a 4% hike in its quarterly dividend to $0.48 per share. This was the company’s 12th consecutive year of dividend growth, coming through as one of the top dividend stocks on our list. The stock’s dividend yield came in at 4.45%, as recorded on November 18. In November, JPMorgan raised its price target on U.S. Bancorp (NYSE:USB) to $47 with an Overweight rating on the shares, presenting a positive outlook on large-cap banking stocks. ClearBridge Investments mentioned U.S. Bancorp (NYSE:USB) in its Q4 2021 investor letter. Here is what the firm has to say: “Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We have increased our exposure to interest-rate sensitive banks by adding to existing positions in U.S. Bancorp.” 6. Moody’s Corporation (NYSE:MCO) Berkshire Hathaway’s Stake Value: $5,997,470,000     Dividend Yield as of November 18: 0.95% Moody’s Corporation (NYSE:MCO) is a New York-based credit and financial services company that provides services related to risk analysis and credit ratings. The company has been raising its dividends consistently for the past 12 years, which makes it one of the top dividend stocks on our list. It currently pays a quarterly dividend of $0.70 per share and has a dividend yield of 0.95%, as of November 18. Berkshire Hathaway opened its position in Moody’s Corporation (NYSE:MCO) with $249 million in 2001. Over the years, the firm has increased its position in the company. At the end of Q3 2022, the hedge fund owned over 24.6 million MCO shares, worth roughly $6 billion. The company constituted 2.02% of Warren Buffett’s portfolio. It is another prominent holding of Buffett alongside Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Apple Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN). Following the company’s Q3 earnings, Atlantic Equities raised its price target on Moody’s Corporation (NYSE:MCO) to $292 in November with a Neutral rating on the shares. The number of hedge funds tracked by Insider Monkey owning stakes in Moody’s Corporation (NYSE:MCO) grew to 63 in Q3 2022, from 48 in the preceding quarter. The collective value of these stakes is over $11 billion.   Click to continue reading and see Warren Buffett’s Top 5 Dividend Stock Picks.    Suggested articles: Dividend Aristocrats List By Yield Bridgewater Associates 13F Portfolio Biggest Garbage Companies in the US Disclosure. None. Warren Buffett’s Top 10 Dividend Stock Picks is originally published on Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Is Texas Pacific Land Corporation (TPL) Stock a Safe Investment Avenue?

LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT […] LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT Capital discussed stocks like Texas Pacific Land Corporation (NYSE:TPL) in the investor letter. Headquartered in Dallas, Texas, Texas Pacific Land Corporation (NYSE:TPL) is in the business of land and resource management and water services and business operations. On November 16, 2022, Texas Pacific Land Corporation (NYSE:TPL) stock closed at $2,626.06 per share. One-month return of Texas Pacific Land Corporation (NYSE:TPL) was 28.10% and its shares gained 105.09% of their value over the last 52 weeks.  Texas Pacific Land Corporation (NYSE:TPL) has a market capitalization of $20.232 billion. LRT Capital made the following comment about Texas Pacific Land Corporation (NYSE:TPL) in its October investor letter: “Long time readers will know that we rarely invest in commodity businesses. However, there are periods in the market where commodity-based businesses outperform the broad indexes by a wide margin. Therefore, to have balance in the portfolio, we have long searched for a competitively advantaged company in the commodity space. We believe that Texas Pacific Land Corporation (NYSE:TPL), meets that criterion. Formed out of assets of formerly bankrupt railroads, TPL controls the largest acreage of land in the Permian basin – the center of the US shale oil industry. The company has two main sources of income: 1) royalties from oil & gas extracted on its properties – essentially a free call option on future oil prices and production; and 2) a water business which develops water resources and sells services to the fracking industry. We see TPL as an effective way to diversify the portfolio into a commodity exposed business that has a history of smart capital allocation and low risk of financial distress during periods of low oil prices. The company has no debt, and $281 million in cash. The company uses most of its cash flows to pay dividends and repurchase shares.” Image: Texas Pacific Land Trust Office/Credit: Google Maps Texas Pacific Land Corporation (NYSE:TPL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Texas Pacific Land Corporation (NYSE:TPL) at the end of the third quarter which was 22 in the previous quarter. We discussed Texas Pacific Land Corporation (NYSE:TPL) in another article and shared Wedgewood Partners’ views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.   Suggested Articles: 20 Biggest Electric Vehicle Companies in the World 10 Best Fast Growth Stocks To Buy Top 20 Investment Companies in the World Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Should You Invest in The Progressive Corporation (PGR)?

LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT […] LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT Capital discussed stocks like The Progressive Corporation (NYSE:PGR) in the investor letter. Headquartered in Mayfield, Ohio, The Progressive Corporation (NYSE:PGR) is an insurance holding company. On November 16, 2022, The Progressive Corporation (NYSE:PGR) stock closed at $125.91 per share. One-month return of The Progressive Corporation (NYSE:PGR) was 5.93% and its shares gained 38.79% of their value over the last 52 weeks.  The Progressive Corporation (NYSE:PGR) has a market capitalization of $73.666 billion. LRT Capital made the following comment about The Progressive Corporation (NYSE:PGR) in its October investor letter: “The Progressive Corporation (NYSE:PGR) is a leading U.S. auto insurer that has pioneered telemetrics as a source of differentiation in its underwriting and it operates through a direct (non-agency) sales model. We believe that the company’s sales model, which is still the minority model in the industry confers on the company a durable process-based cost advantage that has allowed the company to deliver industry leading combined ratios (a standard measure of profitability in the insurance industry). The company has plenty of room to grow and take market share from players such as State Farm, Farmers and Nationwide. The cost advantages conferred by the direct sales model are unstoppable, and the scale advantages the company has in advertising and other customer acquisition costs furthers its strong competitive position. We believe the industry structure is going to evolve towards a duopoly with Progressive and GEICO as the two main players…” (Click here to read the full text) Adam Gregor/Shutterstock.com The Progressive Corporation (NYSE:PGR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held The Progressive Corporation (NYSE:PGR) at the end of the third quarter which was 54 in the previous quarter. We discussed The Progressive Corporation (NYSE:PGR) in another article and shared the stock picks of Gavin Abrams’ Abrams Bison Investments. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.   Suggested Articles: 15 Biggest Midstream Companies in the US 10 Best Fast Growth Stocks To Buy Top IoT Companies in the World Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

What Makes Asbury Automotive Group (ABG) an Attractive Investment?

LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT […] LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT Capital discussed stocks like Asbury Automotive Group, Inc. (NYSE:ABG) in the investor letter. Headquartered in Duluth, Georgia, Asbury Automotive Group, Inc. (NYSE:ABG) is a US-based automotive retailer. On November 16, 2022, Asbury Automotive Group, Inc. (NYSE:ABG) stock closed at $176.19 per share. One-month return of Asbury Automotive Group, Inc. (NYSE:ABG) was 24.90% and its shares gained 4.11% of their value over the last 52 weeks.  Asbury Automotive Group, Inc. (NYSE:ABG) has a market capitalization of $3.9 billion. LRT Capital made the following comment about Asbury Automotive Group, Inc. (NYSE:ABG) in its October investor letter: “Asbury Automotive Group, Inc. (NYSE:ABG) is one of the largest automotive retailers in the United States. It operates 90 dealerships consisting of 112 franchises and 25 collision repair centers. The company’s stores offer new and used vehicles, parts, and service, as well as finance and insurance (F&I) products. Franchise agreements controlled by automotive manufactures and state laws create an environment of tightly controlled market entry and restricted competition. The dealership industry is highly fragmented with 93.5% of dealers having only between 1-5 locations according to data from 202027. In fact, dealers with over 50 locations account for only 0.1% of the industry – a testament to the huge opportunity for consolidation that lies ahead. Industry dynamics, including the rising complexity of automobiles and the need for omnichannel distribution are favoring better capitalized and larger dealer groups. We believe Asbury Automotive Group has several distinct advantages, particularly its highly profitable parts and service business, its overexposure to the luxury vehicle business, which carriers the best margins, and its Clicklane omnichannel strategy. Asbury’s management has also been acting in the best interests of its shareholders by allocating capital towards acquiring dealerships to aggressively expand its business, and occasionally repurchasing stock when attractive acquisitions targets could not be found…” (Click here to read the full text) YAKOBCHUK VIACHESLAV/Shutterstock.com Asbury Automotive Group, Inc. (NYSE:ABG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 34 hedge fund portfolios held Asbury Automotive Group, Inc. (NYSE:ABG) at the end of the third quarter which was 27 in the previous quarter. We discussed Asbury Automotive Group, Inc. (NYSE:ABG) in another article and shared the top stocks to buy according to David Abrams’ Abrams Capital Management. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.   Suggested Articles: Ray Dalio Stock Portfolio 2022 Q3 Dividend Aristocrats List By Yield Top 20 Investment Companies in the World Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Do You Think Marriott International (MAR) Will Go From Losing Money to Raking in Profits Post-COVID?

LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT […] LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT Capital discussed stocks like Marriott International, Inc. (NASDAQ:MAR) in the investor letter. Headquartered in Bethesda, Maryland, Marriott International, Inc. (NASDAQ:MAR) operates as a  global hospitality company. On November 16, 2022, Marriott International, Inc. (NASDAQ:MAR) stock closed at $161.60 per share. One-month return of Marriott International, Inc. (NASDAQ:MAR) was 9.54% and its shares gained 3.77% of their value over the last 52 weeks. Marriott International, Inc. (NASDAQ:MAR) has a market capitalization of $51.153 billion. LRT Capital made the following comment about Marriott International, Inc. (NASDAQ:MAR) in its October investor letter: “Marriott International, Inc. (NASDAQ:MAR) is the world’s largest hotel company followed closely by Hilton (HLT) and Intercontinental Hotels Group plc (IHG). The company owns a portfolio of brands from the low end (Courtyard, SpringHill Suites, Aloft), through the mid-tier (Marriott, Sheraton, Westin, Renaissance Hotels), to the luxury high end (JW Marriot, Ritz-Carlton, St. Regis). In total the company had 7,642 properties with over 1.4 million rooms as of the end of Q1 2021. The majority (85%) of Marriott’s revenue comes from hotels in the United States, with the rest almost evenly split between Asia Pacific and Europe. Like it’s smaller peer, Hilton, the company today is almost exclusively a manager and franchisor of hotels, not a hotel owner. The company owns 66 hotels, manages 2,083 and franchises 5,493. Like all franchise-based businesses Marriott requires very little capital to grow as it utilizes the investment capital of its hotel-owners/partners to expand. Marriott currently faces a difficult operating environment due to the Covid-19 pandemic and uncertainty about the future of business travel. However, the company is an excellent operator with a somewhat leveraged capital structure (the company acquired Starwood Properties in late 2016) – if pent-up demand for travel materializes post-Covid, as we expect it will, the company will quickly go from losing money to raking in profits.” Marriott International, Inc. (NASDAQ:MAR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held Marriott International, Inc. (NASDAQ:MAR) at the end of the third quarter which was 46 in the previous quarter. We discussed Marriott International, Inc. (NASDAQ:MAR) in another article and shared the top five hospitality companies in the world. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.   Suggested Articles: 15 Biggest Tech Companies in the World 15 Biggest Movie Production Companies in the World 10 Best Fast Growth Stocks To Buy Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Is Domino’s Pizza (DPZ) a Multibagger Stock?

LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT […] LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT Capital discussed stocks like Domino’s Pizza, Inc. (NYSE:DPZ) in the investor letter. Headquartered in Ann Arbor, Michigan, Domino’s Pizza, Inc. (NYSE:DPZ) is a pizza company that operates worldwide. On November 16, 2022, Domino’s Pizza, Inc. (NYSE:DPZ) stock closed at $364.47 per share. One-month return of Domino’s Pizza, Inc. (NYSE:DPZ) was 14.08%, and its shares lost 32.11% of their value over the last 52 weeks. Domino’s Pizza, Inc. (NYSE:DPZ)  has a market capitalization of $12.902 billion. LRT Capital made the following comment about Domino’s Pizza, Inc. (NYSE:DPZ) in its October investor letter: “Domino’s Pizza, Inc. (NYSE:DPZ) is the world’s largest franchisor of pizza restaurants with over 13,800 locations in 85 countries. As for any restaurant operator, the key metric to consider for Domino’s Pizza is same-store-sales (SSS) growth. Growing same-store-sales are ultimately how a restaurant business increases earnings from its existing assets. The company continues to impress in this criterion with SSS having grown in the U.S. for 40 consecutive quarters, and an astounding 109 straight quarters internationally. Two-thirds of the company’s stores are currently abroad, and the international segment remains the company’s largest growth opportunity, as the penetration of convenient fast food remains lower abroad than in the United States. Pizza is a product with exceptionally high gross margins, one that “translates” well across different cultures, and one that literally “travels well”, not losing much of its appeal when delivered in a cardboard box. The rise of 3rd party delivery platforms such as Uber Eats, Doordash and Grubhub is challenging the pizza category as it has expanded the number of choices consumers have for convenient takeout. However, the economics of food delivery remain challenging for most restaurants and platforms alike25, while pizza delivery continues to be highly profitable. Regardless of how the “delivery wars” currently playing out end, Domino’s financial results show little impact of this increased competition, and the company continues to deliver exceptional financial performance…” (Click here to read the full text) India Picture/Shutterstock.com Domino’s Pizza, Inc. (NYSE:DPZ) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 52 hedge fund portfolios held Domino’s Pizza, Inc. (NYSE:DPZ) at the end of the third quarter which was 32 in the previous quarter. We discussed Domino’s Pizza, Inc. (NYSE:DPZ) in another article and shared the best Reddit stocks to invest in. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.   Suggested Articles: 15 Biggest Midstream Companies in the US 10 Most Promising Gene Therapy Companies 16 Biggest Gig Economy Companies in the World Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Should You Invest in Northrop Grumman Corporation (NOC)?

LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT […] LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT Capital discussed stocks like Northrop Grumman Corporation (NYSE:NOC) in the investor letter. Headquartered in Falls Church, Virginia, Northrop Grumman Corporation (NYSE:NOC) is a global aerospace and defense company. On November 16, 2022, Northrop Grumman Corporation (NYSE:NOC) stock closed at $505.13 per share. One-month return of Northrop Grumman Corporation (NYSE:NOC) was -1.43% and its shares gained 43.74% of their value over the last 52 weeks.  Northrop Grumman Corporation (NYSE:NOC) has a market capitalization of $77.746 billion. LRT Capital made the following comment about Northrop Grumman Corporation (NYSE:NOC) in its October investor letter: “Based in Virginia, Northrop Grumman Corporation (NYSE:NOC) is one of the world’s largest defense contractors with annual revenue more than $30 billion. The company operates in a cozy oligopoly, that after decades of consolidation the US defense market is now controlled by five large companies: The Boeing Company (BA), General Dynamics Corporation (GD), Lockheed Martin Corporation (LMT), Northrop Grumman Corporation (NOC), and Raytheon Technologies Corporation (RTX). Industry barriers to entry are immense, government procurement cycles are extremely long, and the consolidated industry structure reflects this. This industry structure has allowed Northrop to earn stable mid-teens returns on invested capital (ROIC) and grow earnings per share at a rate of over 13% per year in the past decade, despite a topline that has grown only in-line with inflation. Even after the recent run-up in the stock price, it trades at approximate 15x, next year’s earnings estimates, far below the S&P 500 index, despite being an above average company. While nominally, there are five major defense contractors, the true industry concentration is even higher because not all companies compete in all possible business segments. General Dynamics’ division submarine division, Electric Boat, is the sole supplier of nuclear power submarines in the United States. Lockheed Martin is the sole supplier of the F-35 and F-22. Northrop was the sole bidder on the contract to develop the next generation of intercontinental ballistic missiles; and so on…” (Click here to read the full text) Photo by SpaceX on Unsplash Northrop Grumman Corporation (NYSE:NOC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held Northrop Grumman Corporation (NYSE:NOC) at the end of the third quarter which was 45 in the previous quarter. We discussed Northrop Grumman Corporation (NYSE:NOC) in another article and shared the biggest defense equipment companies in the world. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.   Suggested Articles: 12 Best 5G Stocks To Buy Now 10 Best Fast Growth Stocks To Buy 16 Biggest Gig Economy Companies in the World Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News

Should You Increase Your Holdings in Murphy USA (MUSA)?

LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT […] LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT Capital discussed stocks like Murphy USA Inc. (NYSE:MUSA) in the investor letter. Headquartered in El Dorado, Arkansas, Murphy USA Inc. (NYSE:MUSA) is a motor fuel products retailer and convenience merchandise. On November 16, 2022, Murphy USA Inc. (NYSE:MUSA) stock closed at $291.99 per share. One-month return of Murphy USA Inc. (NYSE:MUSA) was 5.42%, and its shares gained 59.65% of their value over the last 52 weeks.  Murphy USA Inc. (NYSE:MUSA) has a market capitalization of $6.597 billion. LRT Capital made the following comment about Murphy USA Inc. (NYSE:MUSA) in its October investor letter: “We currently hold an approximately 3.5% position in Murphy USA Inc. (NYSE:MUSA), and wanted to tell you more about this portfolio holding. This section was written by our intern Tin Nguyen, who is a junior at the University of Texas at Austin, with light edits by me. Murphy USA (MUSA) is a fuel marketer, operating both gas stations and wholesale fuel distribution. The company also has a merchandise business segment where they sell typical convenience store items such as tobacco, energy drinks, and snacks. However, unlike many convenience stores, or CStores, the bulk of their gross profit comes from their retail fuel segment. In FY 2021, Murphy USA’s fuel contribution made up 62% of their gross profit while only 38% came from their merchandise contribution1 . By comparison, competitors such as CASY and Couche-Tard (Circle K) (pictured on the right) derive roughly 65% and 51% of their gross profit from convenience store sales and only 35 % and 47% from fuel, respectively. Murphy USA became public in 2013 after Murphy Oil spun off its downstream energy business. The company primarily operates a kiosk model, or a C-store with low square footage dedicated to the store, many times only having 400 square feet of store area. By comparison, a typical Casy Store is 2,450 sq ft. for their larger store designs and 1,350 sq ft. for the rest of their smaller store designs4 . Historically, Murphy USA has had a partnership with Walmart where the majority of their Murphy USA branded stores are located in Walmart parking lots, with Murphy USA owning the underlying real estate. The company operates primarily in the Southeast, Southwest, and Midwest of the United States, and is one of the largest C-store chains by store count in the US…” (Click here to read the full text) Roman Sigaev/Shutterstock.com Murphy USA Inc. (NYSE:MUSA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Murphy USA Inc. (NYSE:MUSA) at the end of the third quarter which was 26 in the previous quarter. We discussed Murphy USA Inc. (NYSE:MUSA) in another article and shared ClearBridge Investments’ views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.   Suggested Articles: Top 10 Hospitality Companies in the World 10 Best 52-Week Low Stocks To Buy Top 20 Investment Companies in the World Disclosure: None. This article is originally published at Insider Monkey......»»

Category: topSource: INSIDERMONKEYNov 18th, 2022Related News