Verizon’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. Verizon’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.
Shareholders receive a 6.61% dividend. Verizon Communications stock has a $46 target price at Oppenheimer. The consensus target is $44.43, and shares ended last week trading at $39.48 apiece.
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.
Investors receive a 5.32% dividend. Deutsche Bank’s $46 target price is well above the consensus figure of $40.51. Walgreens Boots Alliance stock closed most recently at $35.78.
While none of these stocks are likely to turn up on Reddit’s WallStreetBets stock bulletin boards, they are well suited for growth and income investors during what could be an ugly rest of the spring and summer. All these stocks likely will hold their ground much better in an inflationary and recessionary stretch like the one we are firmly ensconced in now, and they should do so for some time to come.
Originally published at 24/7 Wall St.
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