CFO Capital Management LLC Takes $526,000 Position in Verizon Communications Inc. $VZ

CFO Capital Management LLC bought a new stake in shares of Verizon Communications Inc. (NYSE:VZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,911 shares of the cell phone carrier’s stock, valued at approximately $526,000.

Other large investors also recently modified their holdings of the company. Strengthening Families & Communities LLC raised its stake in shares of 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 period. Holos Integrated Wealth LLC bought a new position in shares of Verizon Communications during the 4th quarter worth $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Verizon Communications in the 3rd quarter worth about $29,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications in the 4th quarter worth about $29,000. Finally, Sarver Vrooman Wealth Advisors raised its stake in Verizon Communications by 173.0% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after acquiring an additional 448 shares during the period. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on VZ. Dbs Bank downgraded Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. JPMorgan Chase & Co. lifted their price target on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Oppenheimer boosted their price objective on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Finally, Raymond James Financial restated an “outperform” rating and set a $56.00 target price on shares of Verizon Communications in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

Verizon Communications Price Performance

VZ opened at $45.44 on Friday. The firm has a market cap of $189.72 billion, a PE ratio of 11.08, a P/E/G ratio of 1.11 and a beta of 0.24. The stock has a 50-day moving average price of $46.92 and a 200-day moving average price of $45.66. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data 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. The company 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%. Verizon Communications’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. Sell-side analysts predict that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, July 10th. Verizon Communications’s dividend payout ratio is 69.02%.

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.