HOTCHKIS & WILEY has focused exclusively on finding and owning undervalued companies that have a significant potential for appreciation. Following are the stocks that have high dividend yields in that portfolio.
Denbury Resources Inc. (DNR)
The firm acquired a 20,519-share stake in Denbury Resources in the third quarter.
The company has a market cap of $481.1 million and is a domestic oil and natural gas producer in Mississippi and Montana. Its oil and natural gas properties are concentrated in the Gulf Coast and Rocky Mountain regions in the U.S.
The stock offers a dividend payout ratio of 19% and a dividend yield of 14.09%. Its dividend growth rates over the past five years and three years did not change.
Ray Dalio (Trades, Portfolio), David Dreman (Trades, Portfolio) and Jeremy Grantham (Trades, Portfolio) increased their holdings in the third quarter. John Buckingham (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) exited their holdings, and Jim Simons (Trades, Portfolio) acquired a new position.
Murphy Oil Corp. (MUR)
It holds 10,562,504 shares of Murphy Oil – 1.02% of its total assets. Murphy Oil has had a position in the portfolio since 2011; the firm has been increasing and reducing its stake but never closed it. In the third quarter the fund increased its stake by 2.08%.
The company has a market cap of $3.06 billion and is in the process of transitioning from an integrated oil company to an enterprise entirely focused on oil and gas exploration and production activities.
The stock offers a dividend payout ratio of 40% and a dividend yield of 7.66%. Its dividend growth rates over the past five years and three years grew by 5.90% and 6.40%.
Many gurus like Grantham, Dalio, Dreman, Mason Hawkins (Trades, Portfolio) and Richard Pzena (Trades, Portfolio) traded the stock in the third quarter.
GlaxoSmithKline PLCÂ (GSK)
The firm holds 12,400,884 shares of GlaxoSmithKline – 1.91% of its total assets. The position was established in Q1 2014; in the third quarter the fund increased its stake by 6.76%.
The company has a market cap of $97.01 billion and creates, discovers, develops, manufactures and markets pharmaceutical products including vaccines, over-the-counter medicines and health-related consumer products.
The stock offers a dividend payout ratio of 39% and a dividend yield of 6.21%. Its dividend growth rates over the past five years and three years grew by 6.70% and 1.90%.
The stock was traded by Charles Brandes (Trades, Portfolio), Ken Fisher (Trades, Portfolio), John Rogers (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio) and NWQ Managers (Trades, Portfolio).
HP Inc. (HPQ)
It holds 15,066,830 shares of HP – 0.72% of its total assets. HP has had a position in the portfolio since 2011; the fund has been increasing and reducing its stake but never closed its holding. The firm increased its stake by 39.60% in the third quarter.
The company has a market cap of $19.32 billion and is a provider of products, technologies, software, solutions and services to individual consumers and small- and medium-sized businesses including customers in the government, health and education sectors.
The stock offers a dividend payout ratio of 27% and a dividend yield of 5.99%. Its dividend growth rates over the past five years and three years grew by 15.60% and 10.10%.
Pzena, Dodge & Cox, PRIMECAP Management (Trades, Portfolio), Donald Yacktman (Trades, Portfolio) and First Eagle Investment (Trades, Portfolio) are other gurus that traded the stock in the third quarter.
Vodafone Group PLCÂ (VOD)
The firm holds 14,146,281 shares of Vodafone Group – 1.80% of its total assets. Vodafone has had a position in the portfolio since 2011; the fund has been increasing and reducing its stake but never exited its position. In the third quarter the fund reduced its holding by 10.83%.
The company has a market cap of $85.1 billion and is a telecommunications provider. Its services include voice, data and fixed broadband. The geographic regions covered by the company include Europe and Africa, the Middle East and Asia Pacific.
The stock offers a dividend payout ratio of 50% and a dividend yield of 5.42%. It has negative dividend growth rates over the past five years and three years of 1.70% and 12.70%.
James Barrow (Trades, Portfolio), First Pacific Advisors (Trades, Portfolio), David Einhorn (Trades, Portfolio), Steven Romick (Trades, Portfolio), Mario Gabelli (Trades, Portfolio) and Murray Stahl (Trades, Portfolio) traded the stock in this quarter.
Ford Motor Co. (F)
It holds 87,000 shares of Ford. The position was established in Q4 2012; in the third quarter the firm reduced its stake by 45.34%.
The company has a market cap of $49.53 billion and is engaged in the business of manufacturing cars and trucks. Along with its subsidiaries the company engages in other businesses, including financing vehicles.
The stock offers a dividend payout ratio of 48% and a dividend yield of 4.67%. Its dividend growth rates over the past five years and three years did not change.
Many gurus like Fisher, T Rowe Price Equity Income Fund (Trades, Portfolio), Pioneer Investments (Trades, Portfolio) and Ken Heebner (Trades, Portfolio) traded the stock in the third quarter.
General Motors Co. (GM)
The firm holds 15,107,011 shares of General Motors – 1.82% of its total assets. The position was established in Q1 2011. Since then the fund has been increasing and reducing its holding but never closed its position. The fund increased its stake by 14.38% in the third quarter.
The company has a market cap of $48.29 billion; it designs, builds and sells cars, trucks and automobile parts. The company also provides automotive financing services through General Motors Financial Company Inc.
The stock offers a dividend payout ratio of 48% and a dividend yield of 4.55%. Its dividend growth rates over the past five years and three years did not change.
Einhorn, Grantham, Warren Buffett (Trades, Portfolio), David Tepper (Trades, Portfolio), T Rowe Price Equity Income Fund (Trades, Portfolio) and Larry Robbins (Trades, Portfolio) traded the stock in this quarter.
Kohl's Corp. (KSS)
It holds 1,690,639 shares of Kohl's – 0.31% of its total assets. The position was established in Q1 2013 and last four quarters it has been reducing its holding. In the third quarter the firm increased its stake by 115.63%.
The company has a market cap of $9.28 billion and operates department stores that sell moderately priced exclusive and national brand apparel, footwear, accessories, beauty and home products.
The stock offers a dividend payout ratio of 46% and a dividend yield of 3.58%. Its dividend growth rates over the past five years did not face any change while it has a growth of 16.00 over the last three years.
Many gurus like Dalio, Dreman, Robert Olstein (Trades, Portfolio), John Hussman (Trades, Portfolio) and Manning & Napier Advisors Inc. traded the stock in this quarter.
Microsoft Corp. (MSFT)
The firm holds 15,528,993 shares of Microsoft – 2.76% of its total assets. It has had a position in the portfolio since 2011; the firm has been increasing and reducing its stake but never exited its position. The fund increased its stake by 4.27% in the third quarter.
The company has a market cap of $426.47 billion and generates revenue by developing, manufacturing, licensing and supporting software products and services for different types of computing devices.
The stock offers a dividend payout ratio of 83% and a dividend yield of 2.44%. Its dividend growth rates over the past five years and three years grew by 18.90% and 16.80%.
Barrow, Grantham, Yacktman, Dodge & Cox, First Eagle Investment (Trades, Portfolio) and Pioneer Investments (Trades, Portfolio) are other gurus that traded the stock in this quarter.
