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. 

Biggest holder: Artisan Partners Limited Partnership at a 5.53% stake. 

 

 

3. Carnival Corporation ( CCL): Operates as a cruise and vacation company. Market cap at $28.26B, most recent closing price at $36.44.  

Net institutional purchases in the current quarter at 33.1M shares, which represents about 5.59% of the company's float of 591.72M shares. 

Biggest holder: Northern Trust Corporation at a 8.99% stake. 

 

 

4. Cablevision Systems Corporation ( CVC): Operates as a telecommunications, media, and entertainment company. Market cap at $5.19B, most recent closing price at $19.17.  

Net institutional purchases in the current quarter at 21.1M shares, which represents about 10.67% of the company's float of 197.75M shares. 

Biggest holder: ClearBridge Investments, LLC at a 13.8% stake. 

 

 

5. EOG Resources, Inc. ( EOG): Engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad, Tobago, the United Kingdom, and the People's Republic of China. Market cap at $59.04B, most recent closing price at $108.04.  

Net institutional purchases in the current quarter at 48.0M shares, which represents about 8.86% of the company's float of 541.53M shares. 

Biggest holder: FMR, LLC at a 12.78% stake. 

 

 

6. Martin Marietta Materials Inc. ( MLM): Engages in the production and sale of aggregates for the construction industry in the United States, Canada, the Bahamas, and the Caribbean Islands. Market cap at $5.83B, most recent closing price at $125.75.  

Net institutional purchases in the current quarter at 5.1M shares, which represents about 11.83% of the company's float of 43.12M shares. 

Biggest holder: Price (T.Rowe) Associates Inc at a 14.38% stake. 

 

 

7. Perrigo Co. ( PRGO): Develops, manufactures, and distributes over-the-counter (OTC) and generic prescription (Rx) pharmaceuticals, nutritional products, infant formulas, active pharmaceutical ingredients (API), and pharmaceutical and medical diagnostic products worldwide. Market cap at $20.28B, most recent closing price at $151.59.  

Net institutional purchases in the current quarter at 52.1M shares, which represents about 39.23% of the company's float of 132.81M shares. 

Biggest holder: FMR, LLC at a 7.01% stake. 

 

 

8. Verizon Communications Inc. ( VZ): Provides communication services. Market cap at $206.55B, most recent closing price at $49.83.  

Net institutional purchases in the current quarter at 873.7M shares, which represents about 21.1% of the company's float of 4.14B shares. 

Biggest holder: Vanguard Group, Inc. (The) at a 4.99% stake. 

 

(List compiled by James Dennin, dividend yields sourced from Zacks Investment Research. Institutional data sourced from Fidelity, all other data sourced from Finviz.)

Kapitall Wire is a division of New Kapitall Holdings, LLC. Kapitall Generation, LLC is a wholly owned subsidiary of New Kapitall Holdings, LLC. Kapitall Wire offers free investing ideas, intended for educational information purposes only. It should not be construed as an offer to buy or sell securities, or any other product or service provided by New Kapitall Holdings, LLC, and its affiliate companies.

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