33,330 Shares in Verizon Communications Inc. $VZ Acquired by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC purchased a new stake in Verizon Communications Inc. (NYSE:VZ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 33,330 shares of the cell phone carrier’s stock, valued at approximately $1,465,000.

Other hedge funds have also recently bought and sold shares of the company. Cadinha & Co. LLC lifted its stake in Verizon Communications by 2,916.8% in the second quarter. Cadinha & Co. LLC now owns 347,716 shares of the cell phone carrier’s stock valued at $15,046,000 after buying an additional 336,190 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Verizon Communications by 11.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 7,297,469 shares of the cell phone carrier’s stock valued at $309,551,000 after acquiring an additional 722,559 shares during the last quarter. CWA Asset Management Group LLC raised its position in shares of Verizon Communications by 378.7% in the 3rd quarter. CWA Asset Management Group LLC now owns 93,732 shares of the cell phone carrier’s stock valued at $4,120,000 after acquiring an additional 74,151 shares during the period. D.A. Davidson & CO. raised its position in shares of Verizon Communications by 8.4% in the 3rd quarter. D.A. Davidson & CO. now owns 555,785 shares of the cell phone carrier’s stock valued at $24,427,000 after acquiring an additional 43,116 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Verizon Communications by 5.8% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 2,762,705 shares of the cell phone carrier’s stock worth $121,421,000 after acquiring an additional 151,100 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications Stock Down 1.0%

Shares of Verizon Communications stock opened at $38.95 on Friday. The stock’s 50-day moving average is $40.52 and its 200 day moving average is $41.76. Verizon Communications Inc. has a one year low of $38.35 and a one year high of $47.35. The firm has a market cap of $164.23 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 3.71 and a beta of 0.34. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.74 and a quick ratio of 0.69.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Wednesday, October 29th. The cell phone carrier reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.02. The firm had revenue of $33.82 billion for the quarter, compared to analyst estimates of $34.19 billion. Verizon Communications had a return on equity of 19.31% and a net margin of 14.43%.The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 earnings per share. Equities research analysts anticipate that Verizon Communications Inc. will post 4.69 EPS for the current year.

Verizon Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 12th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, January 12th. Verizon Communications’s dividend payout ratio (DPR) is presently 58.97%.

Key Headlines Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

• Positive Sentiment: Regulatory approvals complete for Frontier acquisition — Verizon expects the transaction to close Jan. 20, bringing roughly 30 million fiber passings and enabling cross‑selling of fiber and 5G services, which could materially expand growth runway and ARPU over time. GlobeNewswire: Approvals to Complete Transaction
• Neutral Sentiment: AST SpaceMobile wins Pentagon contract — headlines lifted ASTS shares and remind investors Verizon has partnerships with LEO satellite providers, which could support future wholesale or coverage initiatives, but the news is primarily a catalyst for ASTS rather than VZ. MarketBeat: Pentagon Deal Sends AST SpaceMobile Soaring
• Negative Sentiment: Widespread outage and $20 customer credits — a multi‑hour nationwide outage tied to a software issue triggered customer complaints and scrutiny; Verizon is offering a $20 redeemable credit to affected users, which raises short‑term costs and reputational risk and has prompted calls for mandatory refunds. This outage is the principal near‑term negative driving sentiment. Investopedia: Why Verizon Customers Are Getting $20 Payouts
• Negative Sentiment: Analyst price‑target cut — Sanford C. Bernstein trimmed its VZ target from $46 to $44 and moved to Market Perform, signaling more cautious near‑term expectations; the change tempers upside in the short term. TickerReport / Benzinga: Analyst Price Target Cut

Wall Street Analyst Weigh In

Several brokerages have commented on VZ. Sanford C. Bernstein dropped their target price on shares of Verizon Communications from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Friday. Scotiabank boosted their target price on shares of Verizon Communications from $50.50 to $51.00 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. TD Cowen reduced their target price on Verizon Communications from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on Verizon Communications from $49.00 to $47.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Morgan Stanley dropped their price target on shares of Verizon Communications from $48.00 to $47.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.25.

Verizon Communications Profile

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.