5 Worst Performing Blue Chip Stocks in 2023

2. Verizon Communications Inc. (NYSE:VZ)

Year to Date Share Price Returns: -16.85%

Verizon Communications Inc. (NYSE:VZ) is a telecommunications carrier with operations all over the world. It beat Q2 2023 analyst EPS estimates and the shares also have a sizeable 8% dividend yield.

Insider Monkey scoured through 943 hedge funds for their first quarter of 2023 investments and found out that 59 had invested in the company. Verizon Communications Inc. (NYSE:VZ)’s largest hedge fund investor is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital with a stake worth $358 million.

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