Tulsa Wealth Advisors INC Boosts Stake in Verizon Communications Inc. $VZ

Tulsa Wealth Advisors INC increased its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 19.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,046 shares of the cell phone carrier’s stock after buying an additional 13,833 shares during the quarter. Tulsa Wealth Advisors INC’s holdings in Verizon Communications were worth $3,643,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in VZ. Northstar Financial Companies Inc. lifted its position in Verizon Communications by 11.2% during the 2nd quarter. Northstar Financial Companies Inc. now owns 76,119 shares of the cell phone carrier’s stock worth $3,223,000 after acquiring an additional 7,662 shares during the period. Heritage Trust Co increased its holdings in shares of Verizon Communications by 33.3% in the second quarter. Heritage Trust Co now owns 155,405 shares of the cell phone carrier’s stock valued at $6,580,000 after purchasing an additional 38,852 shares during the period. Flputnam Investment Management Co. raised its stake in shares of Verizon Communications by 0.5% in the second quarter. Flputnam Investment Management Co. now owns 234,096 shares of the cell phone carrier’s stock worth $9,912,000 after purchasing an additional 1,064 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Verizon Communications during the second quarter worth about $8,892,000. Finally, CORDA Investment Management LLC. lifted its holdings in shares of Verizon Communications by 1.6% during the second quarter. CORDA Investment Management LLC. now owns 804,576 shares of the cell phone carrier’s stock worth $34,066,000 after purchasing an additional 12,824 shares during the period. 62.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $48.68, for a total transaction of $53,548.00. Following the sale, the chief executive officer owned 109,866 shares of the company’s stock, valued at approximately $5,348,276.88. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by corporate insiders.

Verizon Communications Price Performance

NYSE:VZ opened at $50.12 on Tuesday. The stock has a 50 day moving average of $45.58 and a two-hundred day moving average of $47.33. 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 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The firm has a market cap of $208.24 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 1.38 and a beta of 0.25.

Verizon Communications (NYSE:VZ) last released its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The business had revenue of $34.25 billion for the quarter, compared to analyst estimates of $35.16 billion. During the same period last year, the company posted $1.22 EPS. The business’s revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. On average, analysts expect that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.7075 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.6%. Verizon Communications’s dividend payout ratio is 73.70%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VZ. Morgan Stanley increased their price target on shares of Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Freedom Capital upgraded shares of Verizon Communications to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. 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 report on Thursday, April 30th. Finally, TD Cowen upped their price target on shares of Verizon Communications from $54.00 to $56.00 and gave the company a “buy” rating in a report on Monday, July 27th. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Verizon Communications presently has an average rating of “Hold” and a consensus target price of $50.84.

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.