Eurizon SLJ Capital Ltd Takes $537,000 Position in Verizon Communications Inc. $VZ

Eurizon SLJ Capital Ltd bought a new stake in Verizon Communications Inc. (NYSE:VZ) in the fourth quarter, Holdings Channel.com reports. The firm bought 13,192 shares of the cell phone carrier’s stock, valued at approximately $537,000.

A number of other hedge funds have also modified their holdings of VZ. Strengthening Families & Communities LLC raised its position in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of Verizon Communications in the fourth quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Verizon Communications in the third quarter valued at about $29,000. EQ Wealth Advisors LLC acquired a new stake in shares of Verizon Communications in the fourth quarter valued at about $29,000. Finally, Daytona Street Capital LLC acquired a new stake in shares of Verizon Communications in the fourth quarter valued at about $33,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications Trading Down 0.3%

Shares of VZ opened at $47.84 on Friday. 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 firm has a market capitalization of $199.78 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.15 and a beta of 0.24. The firm has a 50-day moving average price of $47.93 and a 200 day moving average price of $45.07. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68.

Verizon Communications (NYSE:VZ) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. Verizon Communications’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Sell-side analysts forecast that Verizon Communications Inc. will post 4.96 EPS for the current year.

Insiders Place Their Bets

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the completion of the transaction, the senior vice president owned 43,782 shares of the company’s stock, valued at $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VZ shares. Barclays upped their price objective on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Williams Trading set a $54.00 price objective on shares of Verizon Communications in a report on Monday, February 2nd. Royal Bank Of Canada upped their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd. Finally, William Blair raised shares of Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

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.