Capital Advisory Group Advisory Services LLC Sells 30,183 Shares of Verizon Communications Inc. $VZ

Capital Advisory Group Advisory Services LLC cut its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 52.4% in the 4th quarter, Holdings Channel reports. The firm owned 27,404 shares of the cell phone carrier’s stock after selling 30,183 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Verizon Communications were worth $1,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VZ. State Street Corp lifted its stake in Verizon Communications by 3.5% during the third quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock worth $9,470,788,000 after purchasing an additional 7,276,809 shares during the last quarter. Capital World Investors lifted its stake in Verizon Communications by 51.1% during the third quarter. Capital World Investors now owns 14,512,228 shares of the cell phone carrier’s stock worth $637,812,000 after purchasing an additional 4,905,101 shares during the last quarter. Danske Bank A S bought a new position in shares of Verizon Communications in the 3rd quarter valued at $161,346,000. AQR Capital Management LLC lifted its stake in shares of Verizon Communications by 50.4% in the 3rd quarter. AQR Capital Management LLC now owns 8,848,766 shares of the cell phone carrier’s stock valued at $385,983,000 after acquiring an additional 2,965,033 shares during the last quarter. Finally, Credit Agricole S A bought a new position in shares of Verizon Communications in the 3rd quarter valued at $76,631,000. 62.06% of the stock is currently owned by institutional investors.

More Verizon Communications News

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Insider Transactions at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, the senior vice president directly owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This trade represents a 16.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 value of $9,922,000.00. Following the completion of the transaction, the director directly owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. This trade represents a 57.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, 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 Stock Down 1.2%

Shares of VZ opened at $48.57 on Wednesday. The stock has a market capitalization of $204.84 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 2.07 and a beta of 0.29. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68. The stock has a fifty day moving average of $48.93 and a 200-day moving average of $43.54. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.91.

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

Verizon Communications Increases Dividend

The firm 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. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, April 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.8%. Verizon Communications’s dividend payout ratio is 69.88%.

Analysts Set New Price Targets

A number of research analysts have recently commented on VZ shares. Erste Group Bank upgraded Verizon Communications from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Morgan Stanley increased their price target on Verizon Communications from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $50.25 to $54.50 in a research note on Monday, March 9th. KeyCorp reiterated a “sector weight” rating on shares of Verizon Communications in a research note on Monday, January 26th. Finally, Williams Trading set a $54.00 price target on Verizon Communications in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.56.

Get Our Latest Analysis on VZ

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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