Verizon Communications Inc. $VZ Holdings Decreased by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC decreased its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 84.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,451 shares of the cell phone carrier’s stock after selling 18,666 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Verizon Communications were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. increased its position in Verizon Communications by 4.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 335,856 shares of the cell phone carrier’s stock worth $14,761,000 after purchasing an additional 13,787 shares during the last quarter. Avanza Fonder AB increased its position in Verizon Communications by 5.6% in the 4th quarter. Avanza Fonder AB now owns 331,962 shares of the cell phone carrier’s stock worth $13,521,000 after purchasing an additional 17,495 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in Verizon Communications by 14.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 379,174 shares of the cell phone carrier’s stock worth $16,665,000 after purchasing an additional 46,699 shares during the last quarter. Econ Financial Services Corp increased its position in Verizon Communications by 23.5% in the 4th quarter. Econ Financial Services Corp now owns 78,172 shares of the cell phone carrier’s stock worth $3,184,000 after purchasing an additional 14,862 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in Verizon Communications by 18.4% in the 3rd quarter. Wedbush Securities Inc. now owns 140,981 shares of the cell phone carrier’s stock worth $6,196,000 after purchasing an additional 21,915 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

More Verizon Communications News

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Insider Activity

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the completion of the sale, the senior vice president owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total value of $9,922,000.00. Following the sale, the director owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

VZ has been the topic of several research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $48.00 target price on shares of Verizon Communications in a research report on Monday, February 2nd. Williams Trading set a $54.00 target price on Verizon Communications in a research report on Monday, February 2nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. Barclays upped their price target on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada upped their price target on Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Read Our Latest Analysis on VZ

Verizon Communications Stock Performance

VZ opened at $48.43 on Friday. The company has a market cap of $202.23 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.15 and a beta of 0.24. The stock has a 50-day moving average of $48.16 and a 200-day moving average of $44.77. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) 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 the consensus estimate 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 was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities research analysts forecast that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Verizon Communications Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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