Verizon Communications Inc. $VZ Shares Purchased by Easterly Investment Partners LLC

Easterly Investment Partners LLC increased its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 424,414 shares of the cell phone carrier’s stock after purchasing an additional 102,360 shares during the period. Verizon Communications accounts for about 1.1% of Easterly Investment Partners LLC’s holdings, making the stock its 15th biggest position. Easterly Investment Partners LLC’s holdings in Verizon Communications were worth $17,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. SCS Capital Management LLC raised its position in shares of Verizon Communications by 10.4% during the 4th quarter. SCS Capital Management LLC now owns 8,744 shares of the cell phone carrier’s stock worth $356,000 after purchasing an additional 825 shares during the last quarter. Black Swift Group LLC acquired a new position in shares of Verizon Communications during the 4th quarter worth approximately $5,200,000. Rothschild Wealth LLC raised its position in shares of Verizon Communications by 9.2% during the 4th quarter. Rothschild Wealth LLC now owns 11,447 shares of the cell phone carrier’s stock worth $466,000 after purchasing an additional 960 shares during the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Verizon Communications by 3.8% during the 4th quarter. Clear Harbor Asset Management LLC now owns 11,125 shares of the cell phone carrier’s stock worth $453,000 after purchasing an additional 407 shares during the last quarter. Finally, Waterloo Capital L.P. raised its holdings in Verizon Communications by 9.3% in the 4th quarter. Waterloo Capital L.P. now owns 63,536 shares of the cell phone carrier’s stock valued at $2,588,000 after acquiring an additional 5,430 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications Trading Up 0.1%

VZ stock opened at $47.84 on Monday. The company has a market cap of $199.78 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.14 and a beta of 0.24. 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 business has a fifty day simple moving average of $47.93 and a 200-day simple moving average of $45.11. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on VZ. Barclays boosted their price target on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Weiss Ratings upgraded Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Dbs Bank downgraded Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup boosted their price target on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, JPMorgan Chase & Co. boosted their price target on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

About Verizon Communications

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.