Munich Reinsurance Co Stock Corp in Munich Has $19.05 Million Stock Position in Verizon Communications Inc. $VZ

Munich Reinsurance Co Stock Corp in Munich reduced its stake in Verizon Communications Inc. (NYSE:VZ) by 14.3% during the 1st quarter, HoldingsChannel reports. The firm owned 379,562 shares of the cell phone carrier’s stock after selling 63,150 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Verizon Communications were worth $19,054,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VZ. RKL Wealth Management LLC boosted its stake in Verizon Communications by 4.3% in the 1st quarter. RKL Wealth Management LLC now owns 5,338 shares of the cell phone carrier’s stock valued at $268,000 after buying an additional 218 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its position in Verizon Communications by 8.6% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier’s stock valued at $113,000 after acquiring an additional 219 shares during the period. Sumitomo Life Insurance Co. raised its stake in Verizon Communications by 0.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier’s stock worth $1,426,000 after acquiring an additional 227 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in shares of Verizon Communications by 3.8% during 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 acquiring an additional 233 shares during the period. Finally, Triton Wealth Management PLLC lifted its holdings in shares of Verizon Communications by 2.6% during the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock valued at $377,000 after acquiring an additional 234 shares during the period. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Price Performance

Verizon Communications stock opened at $42.47 on Thursday. The business’s fifty day moving average is $46.29 and its two-hundred day moving average is $45.98. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The firm has a market cap of $177.32 billion, a P/E ratio of 10.36, a P/E/G ratio of 1.04 and a beta of 0.26. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68.

Verizon Communications (NYSE:VZ) last released 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. The business had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts forecast that Verizon Communications Inc. will post 4.98 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.7075 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.7%. Verizon Communications’s payout ratio is currently 69.02%.

Wall Street Analyst Weigh In

VZ has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Citigroup lifted their price target on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 20th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $56.00 price objective on shares of Verizon Communications in a research note on Thursday, March 12th. Finally, Freedom Capital raised shares of Verizon Communications to a “hold” rating in a report on Friday, June 12th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Verizon Communications currently has an average rating of “Hold” and a consensus target price of $50.28.

Verizon Communications News Summary

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

• Positive Sentiment: Wells Fargo assigned Verizon an equal weight rating with a $43 price target, which is slightly above recent trading levels and suggests limited downside from current prices. Benzinga coverage
• Positive Sentiment: Barclays kept an equal weight view and only modestly cut its target to $45, indicating analysts still see some fair value in the stock despite the pullback. Benzinga coverage
• Positive Sentiment: Recent coverage highlighted Verizon’s high-yield dividend appeal and argued the stock may still look attractive to income investors after its decline. 3 High-Yield Dividends That Pay You Soon (But You Must Act Quickly)
• Neutral Sentiment: BT Group and Verizon’s new 50:50 global enterprise joint venture is being watched as a possible boost to cash flow, but investors are still waiting to see the financial impact. BT–Verizon Joint Venture article
• Neutral Sentiment: Verizon continues to be viewed as a value stock after its pullback, with commentary noting broadband gains, AI initiatives, and convergence strategy could support longer-term growth. Verizon Stock Underperforms Industry in a Year: Buy, Sell or Hold?
• Negative Sentiment: Wells Fargo and other analysts flagged Starlink as a new competitive threat, raising concerns about pressure on Verizon’s fixed wireless and postpaid growth. SpaceX’s Starlink Puts Verizon, AT&T, and T-Mobile Under the Microscope
• Negative Sentiment: Several articles noted Verizon has underperformed peers and the broader industry over the past year, reinforcing the market’s cautious view. Zacks coverage

Verizon Communications Company 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.