Verizon’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. The company’s wireline business has undergone a period of secular decline due to wireless substitution and cable competition.
The company also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.
The dividend yield here is 8.38%. Morgan Stanley has set its price objective at $44, well above the $37.60 consensus target. Verizon Communications stock closed on Monday at $31.76.
Walgreens
This huge drugstore chain operator is a safe retail play for investors looking to add health care now, and it trades at a cheap 7.5 times 2023 earnings expectations. Walgreens Boots Alliance Inc. (NASDAQ: WBA) operates as a pharmacy-led health and beauty retail company. It operates through three segments.
The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores. It also provides specialty pharmacy services and mail services; this segment operates nearly 10,000 retail stores under the Walgreens and Duane Reade brands in the United States; and six specialty pharmacies.
The Retail Pharmacy International segment sells prescription drugs and health and wellness, beauty, personal care and other consumer products through its pharmacy-led health and beauty stores and optical practices, as well as online and an integrated mobile application. This segment operated 4,428 retail stores under the Boots, Benavides and Ahumada in the United Kingdom, Thailand, Norway, the Netherlands, Mexico and elsewhere, and 550 optical practices, including 165 on a franchise basis.
The Pharmaceutical Wholesale segment engages in the wholesale and distribution of specialty and generic pharmaceuticals, health and beauty products, and home health care supplies and equipment, as well as provides related services to pharmacies and other health care providers.
Shareholders receive a 9.19% dividend. Walgreens Boots Alliance stock has a $41 target price at Cowen. The $28.41 consensus target is closer to Monday’s closing print of $22.42.
These five top Dow stocks have lagged this year and are offering investors some of the best entry points in years, in some cases. While all are working through some daunting issues, it is a strong bet that all will not only survive but thrive in the years to come. For growth stock investors with a long-term timeline, these companies make a ton of sense.
Originally published at 24/7 Wall St.
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