5 Best Affordable Stocks Under $40

In this article, we discuss the 5 best affordable stocks under $40. You can skip our detailed analysis of the current stock market investment trends, and go directly to read 13 Best Affordable Stocks Under $40.

5. Verizon Communications Inc. (NYSE:VZ)

Share Price as of May 8: $39.45

Number of Hedge Fund Holders: 63

Headquartered in New York, Verizon Communications Inc. (NYSE:VZ) operates as an integrated telecommunications services provider, offering a wide range of communication, technology, information, and entertainment products and services.

Insider Monkey’s analysis of 933 hedge fund portfolios in the fourth quarter of the previous year revealed that 63 had acquired and retained shares of Verizon Communications Inc. (NYSE:VZ). Among these hedge funds, Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke, and John Campbell, emerged as the largest investor, with a stake valued at $948 million.

Ariel Global Fund stated the following regarding Verizon Communications Inc. (NYSE:VZ) in its fourth quarter 2023 investor letter:

“Global communications and technology leader, Verizon Communications Inc. (NYSE:VZ) also traded higher in the period following solid earnings results, highlighted by postpaid consumer net additions and an upward revision to free cash flow guidance. From a competitive and financial standpoint, we view Verizon to be among one of the best positioned telecoms in the world. The company’s solid long-term fundamentals are underscored by its predictable, recurring revenue streams and ~7% dividend yield. At current levels, Verizon is trading near an all-time low valuation presenting a compelling total return story for patient investors.”