Funds bought these dividend stocks on the S&P 500

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: Alcoa, Inc. (AA), Applied Materials Inc. (AMAT), Carnival Corporation (CCL), Cablevision Systems Corporation (CVC), EOG Resources, Inc. (EOG)Martin Marietta Materials Inc. (MLM), Perrigo Co. (PRGO) and Verizon Communications Inc. (VZ).

Source: TheStreet

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