In this text, we are going to check out billionaire Steve Cohen’s high dividend shares. If you wish to see extra of billionaire Steve Cohen’s high dividend shares, go on to Billionaire Steve Cohen’s Top 5 Dividend Stocks.Billionaire Steve Cohen is the founding father of Point72 Asset Management which as of the tip of September has a 13F fairness portfolio of over $25 billion. Prior to founding Point72 Asset Management, Cohen was the founding father of SAC Capital Advisors which generated increased than common returns for 20 years.Due to the success of SAC Capital Advisors and Point72 Asset Management, Steve Cohen is price round $12.8 billion in keeping with Bloomberg Billionaires Index. Aside from proudly owning shares, Cohen additionally owns the New York Mets.In phrases of Point72 Asset Management, the fund has many alternative methods together with lengthy quick fairness investing, and systematic investing.In phrases of lengthy/quick fairness investing, the technique is Point72’s largest by asset allocation and is a sector-aligned, multi-manager enterprise the place groups are empowered to do deep elementary analysis and run distinctive investing processes.For systematic investing, Point72 Asset Management designs and implements systematic, pc pushed buying and selling methods to purchase and promote throughout a number of asset courses.Given that Point72 Asset Management has many alternative investing groups and the fund additionally makes use of pc pushed buying and selling methods for a part of its fund, Point72 Asset Management has many alternative positions. For Q3, for instance, the fund has over 1,800 positions in numerous shares.2022Given excessive inflation, the Federal Reserve has raised rates of interest six instances in 2022 thus far and U.S. Treasury yields have elevated considerably consequently.Given the upper Treasury yields, many dividend shares have declined yr to this point as capital has flowed from dividend shares into Treasuries which in some situations supply increased yields. As a end result, some high quality blue chip dividend shares have pretty low valuations that could possibly be enticing if the Federal Reserve finally wins its conflict in opposition to inflation.Story continuesGiven the financial uncertainty presently, nevertheless, the market might nonetheless go decrease if financial information fails to satisfy expectations. As a end result, it could possibly be a good suggestion for long run traders to personal a nicely diversified portfolio of shares throughout many alternative sectors.Steven Cohen of Point72 Asset ManagementMethodologyFor the Billionaire Steve Cohen’s Top 10 Dividend Stocks checklist, we took 10 shares that paid a dividend from billionaire Steve Cohen’s Point72 Asset Management’s high 25 positions in keeping with Q3 2022 13F filings.We ranked them primarily based on Point72 Asset Management’s stake worth within the shares.Billionaire Steve Cohen’s Top 10 Dividend Stocks10. GlaxoSmithKline plc (NYSE:GSK)Point72 Asset Management’s Stake Value as of 9/30: $136,021,000Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 0.54%Dividend Yield as of 11/18: 4.96percentGlaxoSmithKline plc (NYSE:GSK) is a number one pharmaceutical big with a dividend yield of just about 5% as of 11/18. Although shares of GlaxoSmithKline plc (NYSE:GSK) are down virtually 27% yr to this point because of broader market weak point and the Zantac lawsuits, Point72 Asset Management initiated a brand new stake of over $136 million or 0.54% of the fund’s 13F fairness portfolio in GlaxoSmithKline plc (NYSE:GSK) in Q3. With estimated common EPS of $3.12 for 2022, $3.39 for 2023, and $3.64 for 2024, GlaxoSmithKline plc (NYSE:GSK)’s annual dividend of $1.64 per share appears safe if the corporate meets revenue expectations.Alongside Microsoft Corporation (NASDAQ:MSFT), Fidelity National Information Services, Inc. (NYSE:FIS), and AstraZeneca plc (NASDAQ:AZN), GlaxoSmithKline plc (NYSE:GSK) is a high dividend inventory in billionaire Steve Cohen’s Point72 Asset Management’s portfolio.9. Dell Technologies Inc. (NYSE:DELL)Point72 Asset Management’s Stake Value as of 9/30: $139,308,000Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 0.55%Dividend Yield as of 11/18: 3.14percentPoint72 Asset Management initiated a brand new stake price over $139 million on the finish of September on main pc {hardware} firm Dell Technologies Inc. (NYSE:DELL) in Q3 the place the value of the inventory ranged from round $34 to $49 per share. Given Dell Technologies Inc. (NYSE:DELL)’s present value of $42.04, Point72 Asset Management might both be down or up on its place relying on its common value. In phrases of analyst estimates, Jim Suva of Citi not too long ago reduce his value goal to $55 from $60 per share however stored a ‘Buy’ ranking on Dell Technologies Inc. (NYSE:DELL) citing a weakening setting for PC, smartphone and printers given the macroeconomic headwinds.Given Point72 Asset Management’s place, Dell Technologies Inc. (NYSE:DELL) ranks #9 on our checklist of Billionaire Steve Cohen’s Top 10 Dividend Stocks.8. Ross Stores, Inc. (NASDAQ:ROST)Point72 Asset Management’s Stake Value as of 9/30: $146,784,000Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 0.58%Dividend Yield as of 11/18: 1.15percentPoint72 Asset Management elevated its place in Ross Stores, Inc. (NASDAQ:ROST) by 210% in Q3 to finish the quarter with a place price over $146 million within the off-price retail attire and residential vogue chain. Given Ross Stores, Inc. (NASDAQ:ROST)’s surge of just about 10% on November 18 because of stronger than anticipated Q3 earnings and steerage, the brand new purchases have been worthwhile no less than within the close to time period.Madison Mid Cap Fund commented on Ross Stores, Inc. (NASDAQ:ROST) in a Q3 2022 investor letter,“Ross Stores is one in every of our longest-tenured holdings. Its income have gyrated wildly because the starting of the pandemic, first from retailer closures and shutdowns, then from the pent-up demand for attire, and extra not too long ago, from the financial uncertainty. Adding to that, Ross is discovering that customers’ spending tendencies by way of combine and classes have been harder to foretell than common, leading to some mismatches between its merchandise assortment and what consumers need. This doesn’t seem like a Ross-specific problem, as different attire retailers have reported related issues. We attribute this to the weird post-pandemic setting, and whereas we don’t have a crystal ball as to when this can normalize, we consider it’s going to.”7. Juniper Networks, Inc. (NYSE:JNPR)Point72 Asset Management’s Stake Value as of 9/30: $163,388,000Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 0.65%Dividend Yield as of 11/18: 2.66%Billionaire Steve Cohen’s Point72 Asset Management elevated its place in Juniper Networks, Inc. (NYSE:JNPR) by 376% in Q3 to finish the quarter with a place price 0.65% of the fund’s 13F fairness portfolio. Thanks to the broader market rally, shares of the main community services firm have rallied from $26.12 on the finish of September to $31.57 on November 18. Juniper Networks, Inc. (NYSE:JNPR) additionally has a dividend yield of two.66%. In phrases of its preliminary Q3 outcomes, Juniper Networks, Inc. (NYSE:JNPR) earned an adjusted EPS of $0.58 on gross sales of $1.415 billion versus the estimated $0.50 and $1.35 billion.Given Point72 Asset Management’s stake, Juniper Networks, Inc. (NYSE:JNPR) ranks #7 on our checklist of Billionaire Steve Cohen’s Top 10 Dividend Stocks.6. Oracle Corporation (NASDAQ:ORCL)Point72 Asset Management’s Stake Value as of 9/30: $183,651,000Percentage of Point72 Asset Management’s 13F Portfolio as of 9/30: 0.73%Dividend Yield as of 11/18: 1.61percentPoint72 Asset Management greater than doubled its place in Oracle Corporation (NASDAQ:ORCL) within the third quarter to finish September with a stake worth of over $183 million. Although Oracle Corporation (NASDAQ:ORCL) shares are down round 8.6% yr to this point, Brad Zelnick of Deutsche Bank raised his value goal to $120 from $110 and stored a ‘Buy’ ranking citing development prospects from the corporate’s public cloud. Oracle Corporation (NASDAQ:ORCL) has a dividend yield of 1.61%.Like Oracle Corporation (NASDAQ:ORCL), Microsoft Corporation (NASDAQ:MSFT), Fidelity National Information Services, Inc. (NYSE:FIS), and AstraZeneca plc (NASDAQ:AZN) are amongst billionaire Steve Cohen’s Point72 Asset Management’s high dividend shares on the finish of Q3 2022.Click to proceed studying and see Billionaire Steve Cohen’s Top 5 Dividend Stocks.Suggested articles:(*10*): None. Billionaire Steve Cohen’s Top 10 Dividend Stocks is initially revealed on Insider Monkey.
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Billionaire Steve Cohen’s Top 10 Dividend Stocks
