Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stock Position in Verizon Communications Inc. $VZ

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 980,764 shares of the cell phone carrier’s stock after selling 31,730 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Verizon Communications were worth $39,947,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC boosted its holdings in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after acquiring an additional 539 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Verizon Communications during the 4th quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Verizon Communications during the 3rd quarter valued at about $29,000. EQ Wealth Advisors LLC purchased a new stake in shares of Verizon Communications during the 4th quarter valued at about $29,000. Finally, Daytona Street Capital LLC purchased a new stake in shares of Verizon Communications during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Insider Buying and Selling at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 43,782 shares in the company, valued at $2,189,100. This represents a 16.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on VZ shares. Barclays raised their price target on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Royal Bank Of Canada raised their price target on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd. Oppenheimer raised their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $56.00 price target on shares of Verizon Communications in a report on Thursday, March 12th. Finally, Weiss Ratings upgraded shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $47.84 on Friday. The firm’s 50 day moving average price is $47.93 and its 200-day moving average price is $45.07. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $199.78 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.14 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the prior year, the business earned $1.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts expect that Verizon Communications Inc. will post 4.96 EPS for the current year.

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.