Verizon Communications Inc. $VZ Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. reduced its stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 327,153 shares of the cell phone carrier’s stock after selling 11,567 shares during the period. Connors Investor Services Inc.’s holdings in Verizon Communications were worth $13,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blake Schutter Theil Wealth Advisors LLC lifted its stake in shares of Verizon Communications by 3.8% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock worth $257,000 after buying an additional 233 shares during the period. Triton Wealth Management PLLC lifted its stake in shares of Verizon Communications by 2.6% during the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock worth $377,000 after buying an additional 234 shares during the period. CWS Financial Advisors LLC lifted its stake in shares of Verizon Communications by 1.7% during the fourth quarter. CWS Financial Advisors LLC now owns 14,891 shares of the cell phone carrier’s stock worth $607,000 after buying an additional 246 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Verizon Communications by 0.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 27,471 shares of the cell phone carrier’s stock worth $1,119,000 after buying an additional 248 shares during the period. Finally, Portland Financial Advisors Inc lifted its stake in shares of Verizon Communications by 3.6% during the fourth quarter. Portland Financial Advisors Inc now owns 7,175 shares of the cell phone carrier’s stock worth $292,000 after buying an additional 250 shares during the period. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications stock in a transaction on Monday, March 2nd. The shares were 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 owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction on 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 completion of the transaction, 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. 0.03% of the stock is currently owned by insiders.

Verizon Communications Stock Performance

NYSE VZ opened at $48.43 on Friday. The stock has a 50-day simple moving average of $48.16 and a two-hundred day simple moving average of $44.77. The firm has a market capitalization of $202.23 billion, a P/E ratio of 11.81, a PEG ratio of 1.15 and a beta of 0.24. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the previous year, the company earned $1.19 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities analysts forecast that Verizon Communications Inc. will post 4.96 earnings per share for the current year.

Verizon Communications News Summary

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

Analyst Ratings Changes

Several research analysts recently issued reports on VZ shares. KeyCorp reissued a “sector weight” rating on shares of Verizon Communications in a report on Monday, January 26th. Williams Trading set a $54.00 price target on Verizon Communications in a research report on Monday, February 2nd. Evercore lifted their price objective on Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Finally, Oppenheimer lifted their price objective on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Verizon Communications has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Check Out Our Latest Stock Report 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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