Polymer Capital Management HK LTD Invests $762,000 in Verizon Communications Inc. $VZ

Polymer Capital Management HK LTD acquired a new stake in shares of Verizon Communications Inc. (NYSE:VZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,000 shares of the cell phone carrier’s stock, valued at approximately $762,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Robinswood Financial LLC purchased a new stake in shares of Verizon Communications in the 1st quarter valued at about $27,000. Lam Group Inc. purchased a new position in shares of Verizon Communications during the first quarter worth about $28,000. Strengthening Families & Communities LLC grew its holdings in shares of Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares in the last quarter. EQ Wealth Advisors LLC bought a new position in shares of Verizon Communications in the fourth quarter worth approximately $29,000. Finally, Sarver Vrooman Wealth Advisors increased its position in shares of Verizon Communications by 173.0% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after purchasing an additional 448 shares during the last quarter. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VZ has been the subject of several research analyst reports. Barclays lifted their target price on shares of Verizon Communications from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. 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. BNP Paribas Exane dropped their price objective on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Moffett Nathanson cut their target price on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Finally, Wells Fargo & Company increased their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Verizon Communications currently has an average rating of “Hold” and an average target price of $50.84.

Insider Transactions at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $50.06, for a total transaction of $55,066.00. Following the transaction, the chief executive officer directly owned 108,766 shares of the company’s stock, valued at approximately $5,444,825.96. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is currently owned by insiders.

Verizon Communications Stock Up 1.4%

Shares of NYSE VZ opened at $50.11 on Friday. The stock has a market capitalization of $208.20 billion, a P/E ratio of 13.05, a PEG ratio of 1.38 and a beta of 0.25. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The firm’s 50 day simple moving average is $45.91 and its two-hundred day simple moving average is $47.42. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data 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 firm had revenue of $34.25 billion during the quarter, compared to analyst estimates of $35.16 billion. During the same period in the previous year, the business posted $1.22 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, analysts expect that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

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

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.