Warren Buffett’s Latest Portfolio: 5 Dividend Stock Picks

2. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 63

Berkshire Hathaway’s Stake Value: $8,252,525,000

Dividend Yield as of February 21: 4.76%

This January, Deutsche Bank raised its price target on Verizon Communications Inc. (NYSE:VZ), an American telecommunications company, to $59, and expected about 8% upside in the stock in 2022.

In 2021, Verizon Communications Inc. (NYSE:VZ) raised its quarterly dividend by 2% at $0.64 per share. The stock’s dividend yield stands at 4.76%. Verizon Communications Inc. (NYSE:VZ) maintains a 14-year track record of consistent dividend growth.

In Q4 2021, Berkshire Hathaway did not change its position in the company, holding shares worth over $8.2 billion. Verizon Communications Inc. (NYSE:VZ) represented 2.49% of Warren Buffett’s portfolio. As per Insider Monkey’s Q4 data, 63 hedge funds held stakes in Verizon Communications Inc. (NYSE:VZ), up from 57 in the previous quarter. These stakes are valued at $10.8 billion.

Weitz Investment Management mentioned Verizon Communications Inc. (NYSE:VZ) in its Q4 2021 investor letter. Here is what the firm had to say:

“After several quarters of pandemic-induced outsized growth, new broadband connection growth has slowed for U.S. cable operators. This slower growth has coincided with a renewed push by competitors like Verizon and AT&T to offer high-speed data (either via wireless connects or by building new fiber-optic networks).”