7 Mega-Cap Stocks Trading Near Highs With Institutional Buying

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Includes: ABEV, CHT, DCM, ENB, GOOG, MA, SPG
by: Kapitall

“Smart Money” investors such as hedge fund managers and mutual fund managers report the companies they buy on a regular basis, and this is helpful information to other investors looking for a starting point for their own analysis.

With that idea in mind, we ran a screen on the 200 largest companies for those with the highest net institutional buying over the current quarter. We also screened for stocks trading within 10% of their 52-week highs.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬


We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks will break through to new highs? Use this list as a starting point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. NTT DOCOMO, Inc. (NYSE:DCM): Provides wireless telecommunications services, packet communications services, and satellite mobile communications services in Japan. Market cap of $76.34B. The stock is currently trading at 9.05% below its 52-week high. Net institutional shares purchased over the current quarter at 1.7M, which is 22.31% of the company's 7.62M share float. The stock has gained 4.79% over the last year.

2. Simon Property Group Inc. (NYSE:SPG): Engages in investment, ownership, and management of properties. Market cap of $35.77B. The stock is currently trading at 6.08% below its 52-week high. Net institutional shares purchased over the current quarter at 9.1M, which is 3.17% of the company's 286.89M share float. The stock has gained 26.63% over the last year.

3. Google Inc. (NASDAQ:GOOG): The world's most popular search engine. Market cap of $202.56B. The stock is currently trading at 1.44% below its 52-week high. Net institutional shares purchased over the current quarter at 6.4M, which is 2.51% of the company's 255.12M share float. The stock has gained 5.17% over the last year.

4. Mastercard Incorporated (NYSE:MA): Provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers' cheque programs. Market cap of $47.13B. The stock is currently trading at 3.35% below its 52-week high. Net institutional shares purchased over the current quarter at 2.8M, which is 2.46% of the company's 113.78M share float. The stock has gained 43.47% over the last year.

5. Enbridge Inc. (NYSE:ENB): Engages in the transportation and distribution of crude oil and natural gas primarily in Canada and the United States. Market cap of $27.82B. The stock is currently trading at 1.90% below its 52-week high. Net institutional shares purchased over the current quarter at 15.1M, which is 2.37% of the company's 636.56M share float. The stock has gained 33.11% over the last year.

6. Chunghwa Telecom Co. Ltd. (NYSE:CHT): Provides integrated telecommunications services primarily in Taiwan. Market cap of $32.28B. The stock is currently trading at 8.18% below its 52-week high. Net institutional shares purchased over the current quarter at 4.2M, which is 2.17% of the company's 193.97M share float. Offers a good dividend, and appears to have good liquidity to back it up--dividend yield at 5.69%, current ratio at 2.22, and quick ratio at 2.11. The stock has gained 46.96% over the last year.

7. Companhia de Bebidas Das Americas (AMBEV) (ABV): Engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt, and other non-alcoholic and non-carbonated products in the Americas. Market cap of $109.72B. The stock is currently trading at 2.44% below its 52-week high. Net institutional shares purchased over the current quarter at 24.5M, which is 2.04% of the company's 1.20B share float. The stock has gained 28.1% over the last year.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.