Resources Management Corp CT ADV reduced its holdings in Verizon Communications Inc. (NYSE:VZ – Free Report) by 70.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 58,229 shares of the cell phone carrier’s stock after selling 136,982 shares during the period. Resources Management Corp CT ADV’s holdings in Verizon Communications were worth $2,372,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC boosted its stake in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares during the period. Holos Integrated Wealth LLC purchased a new stake in Verizon Communications in the 4th quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Verizon Communications in the 3rd quarter valued at about $29,000. EQ Wealth Advisors LLC bought a new stake in shares of Verizon Communications in the 4th quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors raised its holdings in shares of Verizon Communications by 173.0% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after purchasing an additional 448 shares in the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.
Verizon Communications Stock Performance
NYSE:VZ opened at $48.10 on Monday. The company’s 50-day moving average price is $47.20 and its 200-day moving average price is $45.50. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The company has a market cap of $200.85 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.17 and a beta of 0.24. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68.
Verizon Communications Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders 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 5.9%. Verizon Communications’s payout ratio is 69.02%.
Trending Headlines about Verizon Communications
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Analysts and market commentary remain constructive on Verizon’s valuation, with several notes calling it inexpensive relative to its cash flow, earnings power, and dividend profile. Verizon: Steady, Cheap, And Still Standing
- Positive Sentiment: Verizon highlighted new AI-powered disaster-response tools, including “Digital Twin” network modeling, satellite connectivity, and mobile 5G assets, which could support network resilience and reinforce its infrastructure advantage. Verizon’s AI Disaster Tools Highlight Network Resilience And Valuation Gap
- Positive Sentiment: Investor sentiment has also been helped by upbeat pieces describing Verizon as a defensive stock with income potential, including mentions of its raised guidance, postpaid subscriber momentum, and fiber expansion after the Frontier deal. Verizon: A Unique Opportunity In An Expensive Market
- Neutral Sentiment: An insider sold about 80% of her shares in a roughly $3 million transaction, which can draw attention but does not necessarily signal a change in Verizon’s business outlook. 1 Verizon Insider Sells 80% of Her Stock in $3 Million Deal. For Everyone Else, VZ Is a Good Buy Now.
- Neutral Sentiment: Erste Group slightly trimmed its FY2027 earnings estimate for Verizon, but the change was minimal and the firm kept a Hold rating. Verizon Communications Inc. research note
- Neutral Sentiment: Some recent market updates noted Verizon outperforming a weaker broader market session, reinforcing the stock’s defensive character rather than pointing to a major company-specific catalyst. Verizon Communications (VZ) Rises As Market Takes a Dip: Key Facts
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Dbs Bank downgraded shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Raymond James Financial reissued an “outperform” rating and set a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $50.25 to $54.50 in a report on Monday, March 9th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.59.
Check Out Our Latest Research Report on VZ
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.
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