Cypress Wealth Services LLC Acquires 10,814 Shares of Verizon Communications Inc. $VZ

Cypress Wealth Services LLC raised its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 54.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 30,813 shares of the cell phone carrier’s stock after purchasing an additional 10,814 shares during the quarter. Cypress Wealth Services LLC’s holdings in Verizon Communications were worth $1,255,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VZ. McLean Asset Management Corp raised its position in Verizon Communications by 2.9% in the 3rd quarter. McLean Asset Management Corp now owns 8,571 shares of the cell phone carrier’s stock valued at $355,000 after buying an additional 243 shares during the last quarter. Red Spruce Capital LLC boosted its position in Verizon Communications by 0.3% during the 3rd quarter. Red Spruce Capital LLC now owns 71,541 shares of the cell phone carrier’s stock worth $3,144,000 after acquiring an additional 246 shares during the last quarter. Monetary Management Group Inc. boosted its position in Verizon Communications by 0.8% during the 2nd quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier’s stock worth $1,315,000 after acquiring an additional 250 shares during the last quarter. Cascade Financial Partners LLC grew its stake in shares of Verizon Communications by 3.5% during the 3rd quarter. Cascade Financial Partners LLC now owns 7,318 shares of the cell phone carrier’s stock worth $322,000 after acquiring an additional 250 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its holdings in shares of Verizon Communications by 4.1% in the third quarter. Centurion Wealth Management LLC now owns 6,490 shares of the cell phone carrier’s stock valued at $285,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Insider Transactions at Verizon Communications

In other news, EVP Joseph J. Russo sold 9,579 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $44.88, for a total transaction of $429,905.52. Following the completion of the sale, the executive vice president owned 44,045 shares in the company, valued at approximately $1,976,739.60. This trade represents a 17.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications 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 sale, the director directly owned 145,069 shares of the company’s stock, valued at $7,196,873.09. The trade was a 57.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 218,148 shares of company stock worth $10,780,356. 0.10% of the stock is owned by insiders.

Verizon Communications Stock Performance

VZ opened at $50.34 on Friday. 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 Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The business has a 50 day moving average of $47.51 and a 200-day moving average of $43.27. The stock has a market cap of $212.31 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.11 and a beta of 0.31.

Verizon Communications (NYSE:VZ) last posted its 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 return on equity of 19.03% and a net margin of 12.43%.The business had revenue of $36.38 billion for the quarter, compared to analyst estimates of $36.20 billion. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. On average, equities research analysts expect that Verizon Communications Inc. will post 4.69 earnings per share for the current year.

Verizon Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a $0.7075 dividend. The ex-dividend date of this dividend is Friday, April 10th. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. This represents a $2.83 annualized dividend and a dividend yield of 5.6%. Verizon Communications’s payout ratio is currently 68.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on VZ shares. Evercore boosted their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Raymond James Financial reiterated an “outperform” rating and issued a $56.00 price target on shares of Verizon Communications in a research note on Thursday, March 12th. Citigroup boosted their price target 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. Oppenheimer increased their price objective on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Finally, William Blair upgraded Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Verizon Communications has a consensus rating of “Moderate Buy” and a consensus target price of $50.32.

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.