5 Cheap Blue Chip Stocks To Buy

2. Verizon Communications Inc. (NYSE:VZ)

Forward Price To Earnings Ratio: 7.75

Verizon Communications Inc. (NYSE:VZ) is an American telecommunications products and services provider. The firm experienced a significant management shakeup in November 2023 which saw it replace its chief financial officer. The new hire, Tony Skiadas, shared that a key Verizon Communications Inc. (NYSE:VZ) goal will remain paying off its debt.

For their second quarter of 2023 shareholdings, 53 out of the 910 hedge funds part of Insider Monkey’s database had bought the firm’s shares. Verizon Communications Inc. (NYSE:VZ)’s largest hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital as it owns $489 million worth of shares.

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