Clearwave Capital LLC Makes New Investment in Verizon Communications Inc. $VZ

Clearwave Capital LLC acquired a new position in Verizon Communications Inc. (NYSE:VZ) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 15,515 shares of the cell phone carrier’s stock, valued at approximately $632,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NCM Capital Management LLC lifted its stake in shares of Verizon Communications by 80.7% during the 4th quarter. NCM Capital Management LLC now owns 33,230 shares of the cell phone carrier’s stock valued at $1,353,000 after buying an additional 14,838 shares in the last quarter. Strategic Investment Solutions Inc. IL increased its stake in Verizon Communications by 8.6% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier’s stock worth $113,000 after buying an additional 219 shares in the last quarter. KW Wealth Management LLC raised its holdings in Verizon Communications by 11.8% during the fourth quarter. KW Wealth Management LLC now owns 11,814 shares of the cell phone carrier’s stock valued at $481,000 after acquiring an additional 1,244 shares during the period. MidFirst Bank bought a new stake in Verizon Communications during the fourth quarter valued at about $2,860,000. Finally, DGS Capital Management LLC lifted its position in shares of Verizon Communications by 14.2% in the fourth quarter. DGS Capital Management LLC now owns 28,177 shares of the cell phone carrier’s stock valued at $1,148,000 after acquiring an additional 3,506 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VZ shares. Citigroup upped their price objective on Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Barclays lifted their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $50.25 to $54.50 in a report on Monday, March 9th. Wells Fargo & Company upped their price target on Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Stock Performance

NYSE:VZ opened at $45.44 on Friday. The company has a market cap of $189.72 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.11 and a beta of 0.24. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The stock’s 50 day simple moving average is $46.92 and its two-hundred day simple moving average is $45.66. 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 posted its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. During the same period in the prior year, the company earned $1.19 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities analysts anticipate that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

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 paid a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.2%. Verizon Communications’s dividend payout ratio is presently 69.02%.

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.