Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Verizon Communications Inc (VZ)
Verizon is primarily a wireless business (nearly 80% of revenue and nearly all operating income). It serves about 93 million postpaid and 23 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services.
A quick look at the price chart below shows us that the stock is down 32.67% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 10.50 which means that it remains undervalued.
(Shares)
Cliff Asness – 4,875,829
John Rogers – 3,610,631
Israel Englander – 2,735,063
Ken Griffin – 916,967
Joel Greenblatt – 250,897
Steve Cohen – 236,728
Rich Pzena – 230,539
Jim Simons – 162,023
Ken Fisher – 151,649
Mario Gabelli – 143,187
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