Andra AP fonden Decreases Position in Verizon Communications Inc. $VZ

Andra AP fonden lessened its holdings in Verizon Communications Inc. (NYSE:VZFree Report) by 39.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 766,100 shares of the cell phone carrier’s stock after selling 499,700 shares during the period. Andra AP fonden’s holdings in Verizon Communications were worth $31,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of Verizon Communications by 61.2% in the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after purchasing an additional 16,704 shares in the last quarter. United Bank raised its holdings in shares of Verizon Communications by 11.5% in the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after purchasing an additional 806 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Verizon Communications by 312.0% in the 2nd quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock valued at $1,023,000 after purchasing an additional 17,901 shares in the last quarter. HUB Investment Partners LLC raised its holdings in shares of Verizon Communications by 17.2% in the 2nd quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock valued at $1,779,000 after purchasing an additional 6,034 shares in the last quarter. Finally, Vivaldi Capital Management LP raised its holdings in shares of Verizon Communications by 5.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock valued at $389,000 after purchasing an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Trading Up 0.2%

NYSE VZ opened at $47.04 on Friday. 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 firm’s fifty day moving average price is $47.22 and its 200 day moving average price is $45.45. The company has a market capitalization of $196.43 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.24. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68.

Verizon Communications (NYSE:VZGet Free Report) last posted its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, sell-side analysts expect that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

Analyst Upgrades and Downgrades

VZ has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Citigroup raised their price objective on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 20th. Raymond James Financial restated an “outperform” rating and issued a $56.00 price objective on shares of Verizon Communications in a report on Thursday, March 12th. Oppenheimer raised their price objective 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. One research 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 company has an average rating of “Moderate Buy” and an average price target of $50.59.

Get Our Latest Stock Analysis on VZ

Key Stories Impacting Verizon Communications

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

Verizon Communications Company 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.

Further Reading

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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