Bogart Wealth LLC Acquires 12,936 Shares of Verizon Communications Inc. $VZ

Bogart Wealth LLC lifted its stake in Verizon Communications Inc. (NYSE:VZ) by 4.7% during the 1st quarter, HoldingsChannel reports. The fund owned 288,730 shares of the cell phone carrier’s stock after buying an additional 12,936 shares during the period. Bogart Wealth LLC’s holdings in Verizon Communications were worth $14,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VZ. Strengthening Families & Communities LLC boosted its holdings in Verizon Communications by 490.0% in 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 period. Holos Integrated Wealth LLC acquired a new stake in Verizon Communications in the 4th quarter worth $28,000. Lam Group Inc. bought a new position in shares of Verizon Communications during the 1st quarter worth about $28,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Verizon Communications during the 3rd quarter worth about $29,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Verizon Communications during the fourth quarter valued at about $29,000. Institutional investors own 62.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VZ shares. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Barclays boosted their price target 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. JPMorgan Chase & Co. raised their price objective on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company raised their price objective on Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $50.25 to $54.50 in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Verizon Communications presently has an average rating of “Moderate Buy” and an average target price of $50.59.

Verizon Communications Trading Up 0.0%

VZ stock opened at $42.57 on Monday. The business has a fifty day moving average price of $46.56 and a 200 day moving average price of $45.95. 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 Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The stock has a market capitalization of $177.77 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 1.04 and a beta of 0.26.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping 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 company had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Analysts expect that Verizon Communications Inc. will post 4.98 EPS for the current fiscal year.

Verizon Communications Announces Dividend

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

Verizon Communications News Summary

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 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.