Warren Buffett: 8 Verizon Communications transactions (Berkshire (2024)

FAQs

Does Warren Buffett still own Verizon? ›

Buffett bought into the company in 2020 – Berkshire bought 146.7 million shares of Verizon Communications Inc. (NYSE:VZ), valued at about $8.6 billion at the end of 2020. However, they started shedding the shares in early 2022 and finally exited in Q2 2022.

Average Price Target

Based on 18 Wall Street analysts offering 12 month price targets for Verizon in the last 3 months. The average price target is $44.39 with a high forecast of $50.00 and a low forecast of $34.00. The average price target represents a 5.79% change from the last price of $41.96.

As interest rates began to rise, Verizon's stock price began to fall. VZ data by YCharts. This is likely the primary culprit for Verizon's stock's woes. Buffett saw the rising rates and knew investors would soon have other options for generating income that didn't include dealing with a shrinking stock price.

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Charles Schwab Investment Management Inc, Geode Capital Management, Llc, Morgan Stanley, SCHD - Schwab U.S. Dividend Equity ...

A 70/30 portfolio is an investment portfolio where 70% of investment capital is allocated to stocks and 30% to fixed-income securities, primarily bonds.

Buffett's headline rule is “don't lose money” and his second rule is “don't forget rule one”. This might sound obvious. Of course, it is. But it's important to look at the message within.

Indeed, the Oracle of Omaha has said that he spends “five or six hours a day” reading books and newspapers. And while it may be difficult to set aside nearly a full work day's worth of hours to read, it recently got a little bit easier to consume information like Warren Buffett.

Buffett is seen by some as the best stock-picker in history and his investment philosophies have influenced countless other investors. One of his most famous sayings is "Rule No. 1: Never lose money.

What is Warren Buffett's 90 10 rule? ›

Warren Buffet's 2013 letter explains the 90/10 rule—put 90% of assets in S&P 500 index funds and the other 10% in short-term government bonds.

- Hold. Zacks' proprietary data indicates that Verizon Communications Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the VZ shares relative to the market in the next few months.

The Probability of Bankruptcy of Verizon Communications Inc (VZ) is 18.3% . This number represents the probability that Verizon will face financial distress in the next 24 months given its current fundamentals and market conditions.

This is crucial as it shows that the hefty dividend which Verizon is paying now is very safe. It also has room to raise it, just as it did in its most recent payout (Verizon increased its quarterly dividend per share from $0.6525 to $0.665, a 2% increase).

Verizon

Vodafone Group

Buffett has been a long-term user of a $20 ( ₹1,438 approximately) Samsung SCH-U320 flip phone. Now, he is a proud owner of an iPhone 11. The billionaire investor admitted that he uses his new iPhone "as a phone".

Warren Buffett Verizon Communications Inc

The first Verizon Communications trade was made in Q1 2014. Since then Warren Buffett bought shares three more times and sold shares on four occasions. The investor completely sold their stake between Q1 2022 and Q2 2022.

In September 2020, Verizon announced its plans to acquire TracFone Wireless (a business unit of Mexican telecom business, America Movil) for $6.25 billion. The deal was approved by the FCC on November 22, 2021, and closed the following day.