Black Swift Group LLC Acquires Shares of 127,675 Verizon Communications Inc. $VZ

Black Swift Group LLC acquired 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 & Exchange Commission. The firm acquired 127,675 shares of the cell phone carrier’s stock, valued at approximately $5,200,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VZ. Rothschild Wealth LLC increased its stake in shares of Verizon Communications by 9.2% in the fourth quarter. Rothschild Wealth LLC now owns 11,447 shares of the cell phone carrier’s stock valued at $466,000 after buying an additional 960 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of Verizon Communications by 3.8% in the fourth quarter. Clear Harbor Asset Management LLC now owns 11,125 shares of the cell phone carrier’s stock valued at $453,000 after buying an additional 407 shares in the last quarter. Waterloo Capital L.P. increased its position in Verizon Communications by 9.3% in the fourth quarter. Waterloo Capital L.P. now owns 63,536 shares of the cell phone carrier’s stock worth $2,588,000 after purchasing an additional 5,430 shares during the period. Hazlett Burt & Watson Inc. increased its position in Verizon Communications by 2.4% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 13,676 shares of the cell phone carrier’s stock worth $555,000 after purchasing an additional 325 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its position in Verizon Communications by 2.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,615,310 shares of the cell phone carrier’s stock worth $65,792,000 after purchasing an additional 41,268 shares during the period. 62.06% of the stock is owned by institutional investors.

Verizon Communications Trading Up 0.1%

NYSE:VZ opened at $47.84 on Monday. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week 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. The stock has a market capitalization of $199.78 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.14 and a beta of 0.24. The business’s 50-day simple moving average is $47.93 and its 200-day simple moving average is $45.11.

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. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The business had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the previous year, the business posted $1.19 EPS. Verizon Communications’s revenue for the quarter was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Sell-side analysts expect that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VZ. Williams Trading set a $54.00 price objective on Verizon Communications in a research report on Monday, February 2nd. William Blair upgraded Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $48.00 price objective on shares of Verizon Communications in a research report on Monday, February 2nd. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.59.

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.