Eurizon SLJ Capital Ltd Makes New Investment in Verizon Communications Inc. $VZ

Eurizon SLJ Capital Ltd bought a new position in shares of Verizon Communications Inc. (NYSE:VZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,192 shares of the cell phone carrier’s stock, valued at approximately $537,000.

Several other large investors have also made changes to their positions in VZ. State Street Corp boosted its holdings in shares of Verizon Communications by 3.5% in the 3rd quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock valued at $9,470,788,000 after acquiring an additional 7,276,809 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Verizon Communications by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock valued at $15,453,058,000 after acquiring an additional 5,497,598 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Verizon Communications in the 4th quarter valued at $217,125,000. Capital World Investors boosted its holdings in shares of Verizon Communications by 51.1% in the 3rd quarter. Capital World Investors now owns 14,512,228 shares of the cell phone carrier’s stock valued at $637,812,000 after acquiring an additional 4,905,101 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Verizon Communications in the 3rd quarter valued at $161,346,000. 62.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on VZ. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Weiss Ratings raised shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Barclays upped their price objective on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $48.00 price objective on shares of Verizon Communications in a report on Monday, February 2nd. Finally, Evercore increased their price target on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

Verizon Communications Stock Performance

NYSE:VZ opened at $47.84 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The company has a fifty day moving average of $47.93 and a two-hundred day moving average of $45.07. The stock has a market capitalization of $199.78 billion, a PE ratio of 11.67, a P/E/G ratio of 1.15 and a beta of 0.24. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data 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 company 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, research analysts forecast that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the completion of the transaction, the senior vice president directly owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.