Argentarii LLC Has $2.25 Million Stake in Verizon Communications Inc. $VZ

Argentarii LLC grew its position in Verizon Communications Inc. (NYSE:VZFree Report) by 166.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,257 shares of the cell phone carrier’s stock after acquiring an additional 34,535 shares during the period. Verizon Communications comprises about 0.7% of Argentarii LLC’s portfolio, making the stock its 27th largest holding. Argentarii LLC’s holdings in Verizon Communications were worth $2,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Roberts Wealth Advisors LLC grew its holdings in Verizon Communications by 1.8% during the fourth quarter. Roberts Wealth Advisors LLC now owns 66,234 shares of the cell phone carrier’s stock worth $2,698,000 after purchasing an additional 1,154 shares during the period. Signal Advisors Wealth LLC increased its holdings in shares of Verizon Communications by 44.7% during the 4th quarter. Signal Advisors Wealth LLC now owns 33,503 shares of the cell phone carrier’s stock worth $1,365,000 after acquiring an additional 10,348 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in Verizon Communications by 0.4% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 543,477 shares of the cell phone carrier’s stock valued at $22,136,000 after acquiring an additional 2,152 shares during the period. Rempart Asset Management Inc. lifted its holdings in Verizon Communications by 3.8% during the 4th quarter. Rempart Asset Management Inc. now owns 356,060 shares of the cell phone carrier’s stock valued at $14,502,000 after purchasing an additional 12,900 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its holdings in Verizon Communications by 5.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 31,643 shares of the cell phone carrier’s stock valued at $1,270,000 after purchasing an additional 1,688 shares during the last quarter. 62.06% of the stock is owned by institutional investors.

Key Headlines Impacting Verizon Communications

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Verizon Communications from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Oppenheimer lifted their target price on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. William Blair upgraded shares of Verizon Communications to an “outperform” rating in a research note on Monday, February 2nd. Royal Bank Of Canada raised their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Finally, Barclays assumed coverage on Verizon Communications in a research report on Thursday, January 22nd. They issued an “equal weight” rating and a $43.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.32.

Check Out Our Latest Stock Analysis on Verizon Communications

Insider Transactions at Verizon Communications

In other Verizon Communications news, Director Hans Erik Vestberg sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph J. Russo sold 9,579 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $44.88, for a total transaction of $429,905.52. Following the completion of the transaction, the executive vice president directly owned 44,045 shares of the company’s stock, valued at $1,976,739.60. This trade represents a 17.86% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 218,148 shares of company stock valued at $10,780,356. Corporate insiders own 0.10% of the company’s stock.

Verizon Communications Price Performance

Verizon Communications stock opened at $50.70 on Friday. The firm has a market cap of $213.82 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 2.11 and a beta of 0.31. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.87. The stock’s fifty day moving average price is $47.28 and its two-hundred day moving average price is $43.22. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68.

Verizon Communications (NYSE:VZGet Free Report) last issued 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. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. The company had revenue of $36.38 billion during the quarter, compared to the consensus estimate of $36.20 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. As a group, research analysts expect that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.7075 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.6%. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. Verizon Communications’s dividend payout ratio (DPR) is 68.15%.

Verizon Communications Company 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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