Verizon 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.
Verizon Communications comes with a 7.07% dividend. Raymond James has set its target price at $51, well above the $45.30 consensus target and Tuesday’s close at $36.89.
VFC
This is the proverbial “off-theadar” idea that can be purchased and held forever as it makes name-brand popular clothing. V.F. Corp. (NYSE: VFC) engages in the design, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products for men, women and children in the Americas, Europe and elsewhere.
The company offers outdoor, merino wool and other natural fibers-based, lifestyle and casual apparel; footwear; equipment; accessories; outdoor-inspired, performance-based, youth culture/action sports-inspired, streetwear and protective work footwear; handbags, luggage, backpacks and totes; and work and work-inspired lifestyle apparel and footwear.
VFC provides its products under the North Face, Timberland, Smartwool, Icebreaker, Altra, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Dickies and Timberland PRO brand names. The company sells its products primarily to specialty stores, department stores, national chains and mass merchants, as well as through direct-to-consumer operations, including retail stores, concession retail stores and e-commerce sites and other digital platforms.
Shareholders gladly take the 6.95% dividend. Telsey Advisory has a $34 target price, and the consensus target is $31.07. Tuesday’s final trade was reported at $29.39 a share.
Vornado Realty Trust
Sporting a sizable dividend and offering investors a great inflation-hedging real estate play, this top stock is an incredible buy now. The Vornado Realty Trust (NYSE: VNO) portfolio is concentrated in the nation’s key market New York City, along with additional premier assets in both Chicago and San Francisco. It is the real estate industry leader in sustainability policy, owning and managing over 23 million square feet of LEED-certified buildings.
The company posted very solid quarterly results, as funds from operations and revenues grew 20.3% and 19.7%, respectively, year over year and both beat Wall Street estimates.
Investors receive a 9.63% distribution. Vornado Realty Trust stock has a $28 target price at Truist Financial. The consensus target is $25.45, and shares closed at $22.01 on Tuesday.
Seven top companies that for a variety of reasons are trading incredibly cheaply and offering investors very timely entry points. With that noted, it still may be very prudent to just start with buying partial positions as the market still has plenty of issues to deal with, not the least of which is the ongoing inflation burden.
Originally published at 24/7 Wall St.
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