Verizon Communications Inc. $VZ Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its position in Verizon Communications Inc. (NYSE:VZ) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,263,872 shares of the cell phone carrier’s stock after selling 110,274 shares during the period. Corient Private Wealth LLC’s holdings in Verizon Communications were worth $51,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strengthening Families & Communities LLC grew its holdings 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 purchasing an additional 539 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Verizon Communications in the 4th quarter worth about $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Verizon Communications in the 3rd quarter valued at about $29,000. EQ Wealth Advisors LLC purchased a new position in Verizon Communications during the 4th quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors raised its position in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after acquiring an additional 448 shares during the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Price Performance

VZ stock opened at $45.44 on Monday. The stock has a 50-day moving average price of $46.92 and a two-hundred day moving average price of $45.69. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The company has a market cap of $189.72 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.11 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data 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. The business had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, research analysts predict that Verizon Communications Inc. will post 4.97 EPS for the current year.

Verizon Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.7075 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a yield of 6.2%. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

Analysts Set New Price Targets

Several research analysts recently issued reports on VZ shares. Dbs Bank downgraded Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Freedom Capital upgraded shares of Verizon Communications to a “hold” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. lifted their price target on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. Finally, Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $50.25 to $54.50 in a research report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

About Verizon Communications

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.