SVB Wealth LLC Sells 10,906 Shares of Verizon Communications Inc. $VZ

SVB Wealth LLC lowered its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,832 shares of the cell phone carrier’s stock after selling 10,906 shares during the quarter. SVB Wealth LLC’s holdings in Verizon Communications were worth $1,500,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Blake Schutter Theil Wealth Advisors LLC grew its stake in Verizon Communications by 3.8% in the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock valued at $257,000 after purchasing an additional 233 shares during the period. Monetary Management Group Inc. grew its stake in Verizon Communications by 0.8% in the 2nd quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier’s stock valued at $1,315,000 after purchasing an additional 250 shares during the period. Hughes Financial Services LLC grew its stake in Verizon Communications by 5.3% in the 3rd quarter. Hughes Financial Services LLC now owns 5,035 shares of the cell phone carrier’s stock valued at $221,000 after purchasing an additional 255 shares during the period. Hager Investment Management Services LLC grew its stake in Verizon Communications by 26.2% in the 3rd quarter. Hager Investment Management Services LLC now owns 1,233 shares of the cell phone carrier’s stock valued at $54,000 after purchasing an additional 256 shares during the period. Finally, Washington Trust Advisors Inc. grew its stake in Verizon Communications by 2.9% in the 3rd quarter. Washington Trust Advisors Inc. now owns 9,025 shares of the cell phone carrier’s stock valued at $397,000 after purchasing an additional 258 shares during the period. Institutional investors own 62.06% of the company’s stock.

Insiders Place Their Bets

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, the senior vice president owned 43,782 shares in the company, valued at $2,189,100. This trade represents a 16.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the completion of the transaction, the director owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. This represents a 57.96% decrease in their position. The SEC filing for this sale provides additional information. 0.03% of the stock is owned by corporate insiders.

Verizon Communications Stock Up 0.1%

Shares of NYSE VZ opened at $47.29 on Tuesday. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The business’s fifty day moving average price is $48.73 and its 200-day moving average price is $44.29. The stock has a market capitalization of $197.45 billion, a PE ratio of 11.53, a P/E/G ratio of 0.99 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities research analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current year.

Analyst Upgrades and Downgrades

VZ has been the subject of a number of recent analyst reports. Williams Trading set a $54.00 price objective on Verizon Communications in a research note on Monday, February 2nd. Weiss Ratings upgraded Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Oppenheimer upped their price objective on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $50.25 to $54.50 in a research note on Monday, March 9th. Finally, Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.59.

About Verizon Communications

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.