10 Best Low Cost Stocks to Buy According to Hedge Funds

​7. Verizon Communications Inc. (NYSE:VZ)

Forward P/E Ratio: 9.62

Number of Hedge Fund Holders: 75

Verizon Communications Inc. (NYSE:VZ) is one of the Best Low Cost Stocks to Buy According to Hedge Funds. On May 21, Verizon Communications Inc. (NYSE:VZ) announced results from the annual 2026 shareholder meeting, which was held in a virtual format.

​The company reported that during the meeting, shareholders elected all nine director nominees for a tenure of 1 year. Moreover, three management proposals were also approved, including endorsing executive compensation packages, approving the company’s 2026 long-term incentive plan, and ratifying Ernst & Young as Verizon’s independent auditor.

In addition, two shareholder-led proposals were also put to a vote but were rejected. The first proposal called for a report on the board’s oversight of climate-related issues, while the second sought to establish a mandatory policy requiring an independent board chairperson.

Verizon Communications Inc. (NYSE:VZ) raised its full-year profit forecast after a surprisingly strong first quarter. During the quarter, the company added 55,000 monthly bill-paying wireless subscribers. This was remarkable as it marked the first net gain for a March quarter in over a decade, and analysts were expecting a loss of more than 81,000 subscribers, making the result a significant beat.

​According to a Reuters report, the turnaround was driven by aggressive bundled offers and deals that targeted customers of rivals like AT&T and T-Mobile. The company now expects full-year adjusted profit between $4.95 and $4.99 per share, up from its prior range. The company also anticipates postpaid phone net additions to land in the upper half of its 750,000 to one million forecast.

​Verizon Communications Inc. (NYSE:VZ) provides communications, information, and entertainment services and products.

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