This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Funds bought these dividend stocks on the S&P 500

By James Dennin for Kapitall.

Last week was a rough one for stocks, with the S&P 500 posting its biggest weekly loss since June 2012. As of Monday however, positive earnings helped push markets back up. 

Even Argentina's looming default and revelations that Portugal's largest bank is under capitalized were not enough to end 2014's bull market, which many worry has lasted too long already. 

The S&P 500 has gone without a major correction of 10% or more since 2011, although the S&P—at about 17.5 times earnings—is still trading about in line with its historical average. And the most telling sign of an ending bull market, when individual investors finally catch on and pile in, still hasn't come. 

With that in mind we decided to screen for dividend stocks, with a screen focused on larger American companies. So we screened the S&P 500 to see which companies were experiencing spikes in institiutional purchasing from groups like hedge funds. 

Since fund managers often have access to the best information, this purchasing can stimulate other buyers to follow suit. We screened the S&P 500 for signs of purchasing and found 8 stocks. 

Do you think managers are right to be bullish one these companies? Use the list below to begin your analysis and let us know what you think over time. 

Click on the interactive chart to view dividends over time. 

 

1. Alcoa, Inc. ( AA): Engages in the production and management of aluminum, fabricated aluminum, and alumina. Market cap at $19.34B, most recent closing price at $16.44.  

Net institutional purchases in the current quarter at 68.4M shares, which represents about 5.85% of the company's float of 1.17B shares. 

Biggest holder: Vanguard Group, Inc. (The) at a 6.31% stake. 

 

 

2. Applied Materials Inc. ( AMAT): Provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. Market cap at $25.67B, most recent closing price at $21.09.  

Net institutional purchases in the current quarter at 64.9M shares, which represents about 5.36% of the company's float of 1.21B shares. 

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,151.19 +120.05 0.70%
S&P 500 2,001.47 +17.34 0.87%
NASDAQ 4,552.4250 +33.5230 0.74%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs