ClearBridge Investments, an investment decision administration agency, revealed its “Dividend Strategy” fourth quarter 2021 trader letter – a copy of which can be downloaded here. The ClearBridge Dividend Technique outperformed its S&P 500 Index benchmark throughout the fourth quarter. On an absolute foundation, the Strategy had gains in 10 of 11 sectors in which it was invested for the quarter. The main contributors to Strategy efficiency were the IT, wellness treatment, and materials sectors. The interaction companies sector, meanwhile, was the sole detractor. Spare some time to verify the fund’s best 5 holdings to have a clue about their major bets for 2022.
ClearBridge Investments Dividend Approach, in its Q4 2021 trader letter, stated Verizon Communications Inc. (NYSE:VZ) and talked about its stance on the company. Founded in 1983, Verizon Communications Inc. (NYSE:VZ) is a New York, New York-dependent telecommunications firm with a $221.2 billion industry capitalization, and is currently spearheaded by its CEO, Hans Vestberg. Verizon Communications Inc. (NYSE:VZ) sent a 1.37% return since the commencing of the 12 months, though its 12-thirty day period returns are down by -8.56%. The stock closed at $52.67 for every share on April 07, 2022.
Below is what ClearBridge Investments Dividend Tactic has to say about Verizon Communications Inc. (NYSE:VZ) in its Q4 2021 investor letter:
“Around the previous 12 months, we have repositioned our portfolio to navigate the class we see ahead. We added to much more defensive spots of the portfolio like telecom (Verizon). Although the upcoming thirty day period or two will most likely prove choppy on account of the Omicron variant, we feel that Omicron, like Delta, represents a pace bump on the way to restoration somewhat than a correct transform in class. We see robust financial momentum continuing in 2022 and we count on desire rates to rise. After a ten years of remarkably very low premiums, we would not be astonished if this change in direction is accompanied by some matches and commences in the marketplaces. With our emphasis on pricing ability, purposeful sector exposure, valuation self-discipline, and a robust dividend profile, we consider we are very well-positioned for the yr ahead.”
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Our calculations exhibit that Verizon Communications Inc. (NYSE:VZ) failed to get hold of a mark on our checklist of the 30 Most Common Stocks Amongst Hedge Money. Verizon Communications Inc. (NYSE:VZ) was in 63 hedge fund portfolios at the finish of the fourth quarter of 2021, in contrast to 57 money in the former quarter. Verizon Communications Inc. (NYSE:VZ) shipped a -2.03% return in the earlier 3 months.
In February 2022, we also shared a different hedge fund’s views on Verizon Communications Inc. (NYSE:VZ) in yet another report. You can locate other letters from hedge funds and outstanding buyers on our hedge fund trader letters 2021 Q4 website page.
Disclosure: None. This write-up is at first printed at Insider Monkey.