Verizon Communications Inc. $VZ Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 256.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,212,673 shares of the cell phone carrier’s stock after purchasing an additional 872,068 shares during the quarter. Verizon Communications comprises about 1.0% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 26th biggest position. Commerzbank Aktiengesellschaft FI’s holdings in Verizon Communications were worth $49,392,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Blake Schutter Theil Wealth Advisors LLC boosted its holdings in shares of Verizon Communications by 3.8% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock worth $257,000 after purchasing an additional 233 shares during the last quarter. Triton Wealth Management PLLC boosted its holdings in shares of Verizon Communications by 2.6% during the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock worth $377,000 after purchasing an additional 234 shares during the last quarter. Monetary Management Group Inc. boosted its holdings in shares of Verizon Communications by 0.8% during the second quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier’s stock worth $1,315,000 after purchasing an additional 250 shares during the last quarter. Hughes Financial Services LLC boosted its holdings in shares of Verizon Communications by 5.3% during the third quarter. Hughes Financial Services LLC now owns 5,035 shares of the cell phone carrier’s stock worth $221,000 after purchasing an additional 255 shares during the last quarter. Finally, Hager Investment Management Services LLC boosted its holdings in shares of Verizon Communications by 26.2% during the third quarter. Hager Investment Management Services LLC now owns 1,233 shares of the cell phone carrier’s stock worth $54,000 after purchasing an additional 256 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Key Stories Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

Verizon Communications Trading Down 1.3%

Shares of VZ opened at $46.44 on Friday. The stock’s fifty day simple moving average is $48.46 and its 200 day simple moving average is $44.48. 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 Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The firm has a market capitalization of $193.90 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 0.99 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS 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 company had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. During the same period last year, the company posted $1.19 earnings per share. The firm’s 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. On average, equities research analysts forecast that Verizon Communications Inc. will post 4.96 earnings per share for the current year.

Insider Activity

In other Verizon Communications news, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the transaction, the director directly owned 145,069 shares of the company’s stock, valued at $7,196,873.09. This trade represents a 57.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citigroup increased their target price on Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Royal Bank Of Canada increased their target price on Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Wells Fargo & Company increased their target price 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, Barclays increased their target price on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Verizon Communications presently has an average rating of “Moderate Buy” and an average price target of $50.59.

Get Our Latest Analysis on VZ

Verizon Communications Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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