Hilton Head Capital Partners LLC Invests $975,000 in Verizon Communications Inc. $VZ

Hilton Head Capital Partners LLC purchased a new position in Verizon Communications Inc. (NYSE:VZFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,948 shares of the cell phone carrier’s stock, valued at approximately $975,000.

A number of other institutional investors also recently made changes to their positions in the stock. Blake Schutter Theil Wealth Advisors LLC grew its position in shares of Verizon Communications by 3.8% in the fourth 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. Triton Wealth Management PLLC increased its stake in Verizon Communications by 2.6% in the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock valued at $377,000 after purchasing an additional 234 shares during the last quarter. Clearstead Trust LLC increased its stake in Verizon Communications by 2.5% in the fourth quarter. Clearstead Trust LLC now owns 9,788 shares of the cell phone carrier’s stock valued at $399,000 after purchasing an additional 240 shares during the last quarter. CWS Financial Advisors LLC increased its stake in Verizon Communications by 1.7% in the fourth quarter. CWS Financial Advisors LLC now owns 14,891 shares of the cell phone carrier’s stock valued at $607,000 after purchasing an additional 246 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in Verizon Communications by 0.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 27,471 shares of the cell phone carrier’s stock valued at $1,119,000 after purchasing an additional 248 shares during the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Verizon Communications

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

Verizon Communications Price Performance

VZ stock opened at $45.39 on Monday. The stock has a 50-day moving average price of $47.55 and a two-hundred day moving average price of $45.30. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The company has a market cap of $189.53 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.11 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (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 during the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. The firm’s quarterly revenue 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. As a group, research analysts predict that Verizon Communications Inc. will post 4.97 EPS for the current year.

Verizon Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s payout ratio is 69.02%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. Morgan Stanley upped their target price on Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Verizon Communications currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

View Our Latest Stock Report on Verizon Communications

Verizon Communications Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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