BNP Paribas Purchases 17,075 Shares of Verizon Communications Inc. $VZ

BNP Paribas grew its position in Verizon Communications Inc. (NYSE:VZ) by 916.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,939 shares of the cell phone carrier’s stock after buying an additional 17,075 shares during the period. BNP Paribas’ holdings in Verizon Communications were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC purchased a new stake in Verizon Communications during the third quarter valued at approximately $29,000. Strengthening Families & Communities LLC raised its stake in Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in Verizon Communications in the fourth quarter worth about $28,000. EQ Wealth Advisors LLC acquired a new stake in Verizon Communications in the fourth quarter worth about $29,000. Finally, Daytona Street Capital LLC purchased a new stake in shares of Verizon Communications during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Analysts Set New Price Targets

VZ has been the topic of several research analyst reports. Dbs Bank downgraded shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Citigroup lifted their price objective on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $50.25 to $54.50 in a report on Monday, March 9th. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. raised their target price on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, Verizon Communications currently has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Key Verizon Communications News

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

• Positive Sentiment: Verizon announced pricing terms for its tender offers and consent solicitations across 20 series of notes, part of an effort to refinance or retire debt and streamline its capital structure. Markets often view these moves as supportive of future cash flow flexibility. Verizon announces pricing terms of its tender offers and consent solicitations for 20 series of Verizon and certain of its subsidiaries’ notes
• Positive Sentiment: Verizon also reported early results and extended the early participation date on its debt exchange/tender programs, suggesting solid holder participation and continued progress on liability management. Verizon announces extension of early participation date and early results of its private exchange offers and consent solicitations for 11 series of notes open to certain investors
• Positive Sentiment: Array Digital Infrastructure completed the sale of select spectrum assets to Verizon for $1.0 billion, reinforcing Verizon’s long-term network investment strategy and spectrum position. Array completes sale of select spectrum assets to Verizon for 1.0 billion
• Neutral Sentiment: A separate article highlighted Verizon as a high-yield dividend stock with attractive valuation and growing cash flow, which supports the investment case but is not a new company-specific catalyst. Verizon’s Growing Cash Flow Continues to Support its Dividend
• Neutral Sentiment: Another piece said Verizon has pulled back recently but remains up over the past year, framing the stock as potentially undervalued after mixed earnings signals rather than indicating a fresh operational problem. Assessing Verizon VZ Valuation After Recent Pullback And Mixed Earnings Signals

Verizon Communications Price Performance

NYSE:VZ opened at $47.89 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The company has a 50 day moving average price of $47.89 and a 200-day moving average price of $45.16. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The firm has a market cap of $199.96 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating 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 company had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. During the same quarter last year, the business earned $1.19 earnings per share. The firm’s 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 forecast 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.