Rayburn West Financial Services LLC acquired a new stake in Verizon Communications Inc. (NYSE:VZ – Free Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 31,248 shares of the cell phone carrier’s stock, valued at approximately $1,273,000.
A number of other institutional investors also recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of Verizon Communications by 3.5% in the third 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 in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Verizon Communications by 1.5% in the fourth 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 in the last quarter. Capital World Investors boosted its holdings in shares of Verizon Communications by 51.1% in the third 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 in the last quarter. Danske Bank A S purchased a new stake in shares of Verizon Communications in the third quarter valued at about $161,346,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Verizon Communications by 50.4% in the third quarter. AQR Capital Management LLC now owns 8,848,766 shares of the cell phone carrier’s stock valued at $385,983,000 after acquiring an additional 2,965,033 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Verizon Communications
In related news, Director Hans Erik Vestberg sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the sale, the director owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, 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 position. The SEC filing for this sale provides additional information. 0.03% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on Verizon Communications
Verizon Communications Stock Down 1.5%
VZ stock opened at $47.19 on Thursday. The company has a market cap of $197.05 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.01 and a beta of 0.24. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68. The company’s 50-day moving average price is $48.64 and its 200 day moving average price is $44.41. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.
Verizon Communications (NYSE:VZ – Get Free Report) last released 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. The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate 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 was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, research analysts expect that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.
Verizon Communications News Roundup
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon’s year-to-date gains have been supported by improving wireless subscriber trends, lower customer churn, and continued fiber expansion, which are helping the company’s growth outlook. Verizon Shares Rise 17.7% YTD: How Should You Play the Stock?
- Neutral Sentiment: Verizon also held a presentation at MoffettNathanson’s Media, Internet & Communications Conference, which may have reinforced investor focus on its strategy and outlook, but there was no clear new catalyst in the transcript headline alone. Verizon Communications Inc. (VZ) Presents at MoffettNathanson’s Media, Internet & Communications Conference Transcript
- Negative Sentiment: One article warned that Verizon’s latest phone plan changes could drive away consumers, adding to worries about customer retention after the company reportedly lost more than 2.25 million customers over the past three years. Verizon’s latest phone plan change may drive away consumers
- Negative Sentiment: Verizon’s debt exchange and tender offers may improve its capital structure over time, but they also highlight the company’s large debt load and ongoing refinancing/integration risk following major acquisition activity. Verizon Debt Moves Reshape Capital Structure And Investor Risk Profile
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.
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