5 Value Stocks in Warren Buffett’s Latest Portfolio

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1. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63   

PE Ratio: 10.00

Verizon Communications Inc. (NYSE:VZ) provides technology and communications services. At the end of December 2021, Berkshire Hathaway owned over 158 million shares in Verizon Communications Inc. (NYSE:VZ) worth $8.2 billion, representing 2.49% of the portfolio. 

Elite hedge funds hold large stakes in Verizon Communications Inc. (NYSE:VZ). At the end of the fourth quarter of 2021, 63 hedge funds in the database of Insider Monkey held stakes worth $10.8 billion in Verizon Communications Inc. (NYSE:VZ), compared to 57 in the previous quarter worth $10.3 billion.

In its Q1 2021 investor letter, Miller/Howard Investments, an asset management firm, highlighted a few stocks and Verizon Communications Inc. (NYSE:VZ) was one of them. Here is what the fund said:

“We sold Verizon (VZ) based on concerns over how much they might spend in ongoing spectrum auctions. Management may legitimately view spending billions of dollars to expand their spectrum holdings as necessary, but we believe the payoff will be slow and will make it challenging to grow the dividend at a good pace.”

You can also take a peek at 13 Best Hemp Stocks to Buy Now and Billionaire Dan Loeb’s Top 10 Stock Picks.

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