Avise Financial Cooperative Inc. Invests $620,000 in Verizon Communications Inc. $VZ

Avise Financial Cooperative Inc. purchased a new position in Verizon Communications Inc. (NYSE:VZFree Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 15,223 shares of the cell phone carrier’s stock, valued at approximately $620,000.

Several other hedge funds have also recently bought and sold shares of the business. Blake Schutter Theil Wealth Advisors LLC increased its position in 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 last quarter. Triton Wealth Management PLLC increased its position in 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 last quarter. Clearstead Trust LLC increased its position in Verizon Communications by 2.5% during the fourth quarter. Clearstead Trust LLC now owns 9,788 shares of the cell phone carrier’s stock worth $399,000 after buying an additional 240 shares during the last quarter. CWS Financial Advisors LLC increased its position in 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 last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in 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 last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Stock Down 3.8%

NYSE VZ opened at $44.87 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The firm has a 50-day simple moving average of $47.64 and a 200 day simple moving average of $45.27. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The stock has a market cap of $187.37 billion, a PE ratio of 10.94, a PEG ratio of 1.11 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last released its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share 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 business had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter last year, the company 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. On average, research analysts forecast that Verizon Communications Inc. will post 4.96 EPS for the current year.

Key Stories Impacting Verizon Communications

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

Wall Street Analyst Weigh In

Several research firms have commented on VZ. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. JPMorgan Chase & Co. increased their target price on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Dbs Bank downgraded Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $50.25 to $54.50 in a research report on Monday, March 9th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.59.

View Our Latest Stock Analysis 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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