5 Best Communication Services Stocks To Invest In

4. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 56

Verizon Communications Inc. (NYSE:VZ) shares jumped in April after the company said it added 633,000 subscribers in the first quarter of 2023. Verizon Communications Inc. (NYSE:VZ)’s adjusted EPS in the quarter came in at $1.20, beating estimates by $0.01. Revenue in the quarter fell 1.9% year over year to $32.9 billion, missing estimates by $740 million.

Insider Monkey’s database of 943 hedge funds shows that 56 hedge funds had stakes in Verizon Communications Inc. (NYSE:VZ), as compared to 62 funds in the previous quarter. The biggest hedge fund stakeholder of Verizon Communications Inc. (NYSE:VZ) during this period was Diamond Hill Capital of Ric Dillon which owns a $267 million stake in the company.