5 Best Stocks for Beginners with Little Money According to Reddit

2. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 53
Share price as of September 13: $34.3

An American telecommunications company, Verizon Communications Inc. (NYSE:VZ) is next on our list of the best cheap beginner stocks to invest in. The stock is popular among retail investors as the company has a good profit margin, solid cash generation, and a stable payout ratio. In addition to this, the company is a strong dividend payer, having raised its dividends for 16 consecutive years. As of September 13, VZ’s share price is $34.3.

At the end of Q2 2023, 53 hedge funds tracked by Insider Monkey were bullish on Verizon Communications Inc. (NYSE:VZ). The consolidated value of stakes owned by these hedge funds is roughly $829 million.

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