Verizon Communications Inc. $VZ Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its position in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,502,547 shares of the cell phone carrier’s stock after buying an additional 46,671 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Verizon Communications were worth $61,199,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VZ. Vanguard Group Inc. grew its position in shares of Verizon Communications by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock valued at $15,453,058,000 after purchasing an additional 5,497,598 shares during the period. State Street Corp grew its position in shares of Verizon Communications by 3.5% in the third quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock valued at $9,470,788,000 after purchasing an additional 7,276,809 shares during the period. Northern Trust Corp grew its position in shares of Verizon Communications by 1.2% in the third quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock valued at $1,989,427,000 after purchasing an additional 557,576 shares during the period. Legal & General Group Plc grew its position in shares of Verizon Communications by 4.5% in the third quarter. Legal & General Group Plc now owns 28,188,066 shares of the cell phone carrier’s stock valued at $1,238,866,000 after purchasing an additional 1,203,445 shares during the period. Finally, Invesco Ltd. grew its position in shares of Verizon Communications by 2.9% in the third quarter. Invesco Ltd. now owns 22,592,460 shares of the cell phone carrier’s stock valued at $992,939,000 after purchasing an additional 646,537 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Stock Performance

VZ opened at $46.44 on Friday. The firm has a market capitalization of $193.90 billion, a PE ratio of 11.33, a PEG ratio of 0.97 and a beta of 0.24. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The firm’s 50-day moving average price is $48.46 and its 200 day moving average price is $44.48. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. Verizon Communications’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, sell-side analysts expect that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VZ has been the topic of several research analyst reports. Barclays lifted their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Scotiabank upgraded shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Oppenheimer lifted their target price on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Dbs Bank lowered shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings upgraded shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, Verizon Communications has an average rating of “Moderate Buy” and a consensus price target of $50.59.

Check Out Our Latest Report on Verizon Communications

Verizon Communications News Summary

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

Insider Transactions at Verizon Communications

In related news, 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 transaction of $9,922,000.00. Following the transaction, the director directly owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the business’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 transaction, the senior vice president owned 43,782 shares in the company, valued at $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.03% of the company’s stock.

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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