Odyssean LLC Has $1.89 Million Position in Verizon Communications Inc. $VZ

Odyssean LLC lifted its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 684.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,576 shares of the cell phone carrier’s stock after buying an additional 38,891 shares during the period. Odyssean LLC’s holdings in Verizon Communications were worth $1,887,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC boosted its position in Verizon Communications by 61.2% during the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after purchasing an additional 16,704 shares during the last quarter. United Bank raised its stake in Verizon Communications by 11.5% in the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after acquiring an additional 806 shares during the period. Jump Financial LLC lifted its position in Verizon Communications by 312.0% during the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock worth $1,023,000 after acquiring an additional 17,901 shares during the last quarter. HUB Investment Partners LLC lifted its holdings in shares of Verizon Communications by 17.2% during the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock worth $1,779,000 after buying an additional 6,034 shares in the last quarter. Finally, Vivaldi Capital Management LP grew its position in Verizon Communications by 5.2% during the second quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock worth $389,000 after buying an additional 443 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.

Verizon Communications Stock Down 0.9%

Shares of NYSE VZ opened at $50.15 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. The firm has a market cap of $208.36 billion, a PE ratio of 13.06, a P/E/G ratio of 1.72 and a beta of 0.26. The company’s fifty day simple moving average is $46.32 and its 200 day simple moving average is $47.48. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. During the same period in the previous year, the firm posted $1.22 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, sell-side analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kyle Malady sold 1,100 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $50.50, for a total value of $55,550.00. Following the completion of the sale, the chief executive officer directly owned 107,666 shares of the company’s stock, valued at $5,437,133. The trade was a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,300 shares of company stock valued at $164,164. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

VZ has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a research note on Wednesday, August 26th. BNP Paribas Exane cut their price target on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Freedom Capital upgraded Verizon Communications to a “hold” rating in a research report on Friday, June 12th. Barclays raised their target price on Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Finally, Scotiabank lifted their target price on Verizon Communications from $51.50 to $52.50 and gave the stock a “sector outperform” rating in a report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.97.

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.