HB Wealth Management LLC Buys 19,392 Shares of Verizon Communications Inc. $VZ

HB Wealth Management LLC increased its stake in Verizon Communications Inc. (NYSE:VZ) by 10.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,337 shares of the cell phone carrier’s stock after acquiring an additional 19,392 shares during the period. HB Wealth Management LLC’s holdings in Verizon Communications were worth $10,459,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VZ. Strengthening Families & Communities LLC increased its position 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 valued at $26,000 after purchasing an additional 539 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of Verizon Communications during the 4th quarter valued at about $28,000. Lam Group Inc. bought a new stake in Verizon Communications in the 1st quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in Verizon Communications in the 3rd quarter worth approximately $29,000. Finally, EQ Wealth Advisors LLC bought a new stake in Verizon Communications in the 4th quarter worth approximately $29,000. Institutional investors own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup increased their price target on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research 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. Dbs Bank cut shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. Finally, Barclays lifted their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Verizon Communications presently has an average rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Stock Up 0.0%

Shares of NYSE VZ opened at $42.57 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68. The firm’s fifty day moving average is $46.56 and its 200 day moving average is $45.91. The company has a market cap of $177.77 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.04 and a beta of 0.26.

Verizon Communications (NYSE:VZ) last announced its quarterly 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. The business had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities research analysts expect that Verizon Communications Inc. will post 4.98 earnings per share for the current year.

Verizon Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, July 10th. Verizon Communications’s dividend payout ratio is currently 69.02%.

Key Stories Impacting Verizon Communications

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

• Positive Sentiment: Analysts and market commentary continue to frame Verizon as an attractive value stock, with Zacks citing favorable style-score characteristics that may appeal to value-focused investors. Here’s Why Verizon Communications (VZ) is a Strong Value Stock
• Positive Sentiment: Verizon’s dividend profile is still a key support for the shares, with comparisons to AT&T emphasizing Verizon’s long record of dividend increases and its appeal to income investors. Better High-Yield Dividend Stock: Verizon or AT&T?
• Positive Sentiment: Verizon and BT Group announced a $4 billion international enterprise joint venture, which could expand Verizon’s global business services reach and improve growth prospects. Is Verizon Communications Inc. (VZ) Stock Positioned for Growth After $4B International Enterprise Partnership?
• Neutral Sentiment: Verizon is getting more trading attention from retail investors, which may reflect renewed interest but does not by itself change the company’s fundamentals. Verizon Communications Inc. (VZ) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Wall Street expects Verizon’s upcoming quarterly earnings to show modest profit growth, making the next report an important catalyst but not a clear surprise yet. What to Expect From Verizon Communications’ Next Quarterly Earnings Report
• Negative Sentiment: Coverage about Starlink’s push into mobile service raises longer-term competitive pressure on Verizon and other wireless carriers, even though major infrastructure hurdles remain. Starlink Dominates Internet From Space. Can It Disrupt AT&T and Verizon on the Ground?

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.