Verizon Communications Inc. $VZ Shares Purchased by HF Advisory Group LLC

HF Advisory Group LLC grew its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 54.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,908 shares of the cell phone carrier’s stock after buying an additional 58,725 shares during the quarter. HF Advisory Group LLC’s holdings in Verizon Communications were worth $6,757,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. TruNorth Capital Management LLC lifted its holdings in shares of Verizon Communications by 95.3% during the 3rd quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock valued at $27,000 after acquiring an additional 305 shares in the last quarter. Holos Integrated Wealth LLC acquired a new stake in Verizon Communications in the 4th quarter valued at $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in Verizon Communications in the third quarter valued at about $29,000. Global Wealth Strategies & Associates lifted its stake in shares of Verizon Communications by 739.5% during the third quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier’s stock worth $30,000 after purchasing an additional 599 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its stake in shares of Verizon Communications by 52.4% during the second quarter. Silicon Valley Capital Partners now owns 782 shares of the cell phone carrier’s stock worth $34,000 after purchasing an additional 269 shares in the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Wall Street Analysts Forecast Growth

VZ has been the topic of several recent research reports. Williams Trading set a $54.00 price target on Verizon Communications in a research report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Verizon Communications from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Citigroup boosted their target price on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Raymond James Financial restated an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research note on Thursday, March 12th. Finally, Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $50.25 to $54.50 in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Verizon Communications has an average rating of “Moderate Buy” and a consensus target price of $50.56.

View Our Latest Research Report on Verizon Communications

Insiders Place Their Bets

In other news, EVP Joseph J. Russo sold 9,579 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $44.88, for a total value of $429,905.52. Following the completion of the sale, the executive vice president owned 44,045 shares of the company’s stock, valued at approximately $1,976,739.60. The trade was a 17.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hans Erik Vestberg sold 200,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. This represents a 57.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 218,148 shares of company stock valued at $10,780,356 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Key Verizon Communications News

Here are the key news stories impacting Verizon Communications this week:

Verizon Communications Price Performance

VZ stock opened at $49.39 on Thursday. The stock’s 50 day moving average is $48.16 and its two-hundred day moving average is $43.40. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a market capitalization of $208.32 billion, a PE ratio of 12.20, a P/E/G ratio of 2.10 and a beta of 0.29. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.32.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $36.38 billion during the quarter, compared to the consensus estimate of $36.20 billion. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. Analysts predict that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.83 annualized dividend and a yield of 5.7%. This is an increase from Verizon Communications’s previous quarterly dividend of $0.69. Verizon Communications’s dividend payout ratio (DPR) is 68.15%.

About Verizon Communications

(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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