Capital Financial Group Inc. Co. ADV Invests $1.51 Million in Verizon Communications Inc. $VZ

Capital Financial Group Inc. Co. ADV acquired a new position in shares of Verizon Communications Inc. (NYSE:VZ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 37,083 shares of the cell phone carrier’s stock, valued at approximately $1,510,000.

Other hedge funds and other institutional investors have also modified their holdings of 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 worth $26,000 after buying an additional 539 shares during the period. Holos Integrated Wealth LLC acquired a new position in shares of Verizon Communications in the 4th quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Verizon Communications in the 3rd quarter valued at approximately $29,000. EQ Wealth Advisors LLC acquired a new position in shares of Verizon Communications in the 4th quarter valued at approximately $29,000. Finally, Sarver Vrooman Wealth Advisors increased its position in Verizon Communications by 173.0% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on VZ. Morgan Stanley upped their price objective on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $50.25 to $54.50 in a research note on Monday, March 9th. JPMorgan Chase & Co. upped their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Citigroup increased their target price 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. Finally, 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 research note on Wednesday, March 11th. 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.59.

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $47.11 on Tuesday. 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 firm has a market capitalization of $196.73 billion, a PE ratio of 11.49, a P/E/G ratio of 1.17 and a beta of 0.24. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The company has a 50-day moving average price of $47.15 and a two-hundred day moving average price of $45.55.

Verizon Communications (NYSE:VZ) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts forecast that Verizon Communications Inc. will post 4.97 EPS for the current year.

Verizon Communications Dividend Announcement

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

Verizon Communications 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.