Corps Capital Advisors LLC Boosts Holdings in Verizon Communications Inc. $VZ

Corps Capital Advisors LLC lifted its stake in Verizon Communications Inc. (NYSE:VZFree Report) by 79.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,707 shares of the cell phone carrier’s stock after buying an additional 10,940 shares during the period. Verizon Communications makes up 1.0% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Corps Capital Advisors LLC’s holdings in Verizon Communications were worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Vontobel Holding Ltd. boosted its stake in Verizon Communications by 12.8% during the 4th quarter. Vontobel Holding Ltd. now owns 1,829,935 shares of the cell phone carrier’s stock worth $74,533,000 after purchasing an additional 207,198 shares during the period. First National Bank of Omaha boosted its stake in Verizon Communications by 9.9% during the 4th quarter. First National Bank of Omaha now owns 69,500 shares of the cell phone carrier’s stock worth $2,830,000 after purchasing an additional 6,254 shares during the period. Clarkston Capital Partners LLC boosted its stake in Verizon Communications by 52.4% during the 4th quarter. Clarkston Capital Partners LLC now owns 7,315 shares of the cell phone carrier’s stock worth $298,000 after purchasing an additional 2,515 shares during the period. Alchemi Wealth LLC acquired a new stake in Verizon Communications during the 4th quarter worth $646,000. Finally, Van Lanschot Kempen Investment Management N.V. acquired a new stake in Verizon Communications during the 4th quarter worth $8,483,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications News Summary

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

Verizon Communications Stock Performance

Shares of NYSE VZ opened at $48.10 on Friday. The company has a market cap of $200.85 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.15 and a beta of 0.24. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month 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 company has a 50-day simple moving average of $47.20 and a 200-day simple moving average of $45.47.

Verizon Communications (NYSE:VZGet Free Report) last released its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same period last year, the company earned $1.19 earnings per share. The company’s quarterly 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. On average, equities analysts anticipate that Verizon Communications Inc. will post 4.97 earnings per share for the current year.

Verizon Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.7075 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.9%. Verizon Communications’s dividend payout ratio (DPR) is currently 69.02%.

Analyst Upgrades and Downgrades

VZ has been the subject of a number of recent research reports. Dbs Bank cut shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wells Fargo & Company raised their target price on shares of Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. JPMorgan Chase & Co. raised their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley raised their price objective on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.59.

View Our Latest Research Report on VZ

Verizon Communications 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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