Koenig Investment Advisory LLC acquired a new position in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,158 shares of the cell phone carrier’s stock, valued at approximately $1,106,000. Verizon Communications accounts for approximately 0.9% of Koenig Investment Advisory LLC’s portfolio, making the stock its 18th largest position.
Several other large investors have also recently bought and sold shares of VZ. Strategic Investment Solutions Inc. IL increased its holdings in shares of Verizon Communications by 8.6% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier’s stock valued at $113,000 after purchasing an additional 219 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Verizon Communications by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier’s stock valued at $1,426,000 after purchasing an additional 227 shares during the period. Blake Schutter Theil Wealth Advisors LLC boosted its holdings in 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 buying an additional 233 shares in the last quarter. Triton Wealth Management PLLC grew its position in 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 buying an additional 234 shares during the period. Finally, Clearstead Trust LLC grew its position in Verizon Communications by 2.5% during the fourth quarter. Clearstead Trust LLC now owns 9,788 shares of the cell phone carrier’s stock worth $399,000 after buying an additional 240 shares during the period. Hedge funds and other institutional investors own 62.06% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on VZ. Oppenheimer lifted their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Wells Fargo & Company raised their price objective on Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. 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. Barclays boosted 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. Finally, JPMorgan Chase & Co. raised their price target on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. One equities 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 company. According to MarketBeat, Verizon Communications currently has an average rating of “Moderate Buy” and a consensus target price of $50.59.
Verizon Communications Price Performance
Shares of NYSE:VZ opened at $45.44 on Friday. The business’s fifty day moving average price is $46.92 and its two-hundred day moving average price is $45.66. The stock has a market cap of $189.72 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.11 and a beta of 0.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68.
Verizon Communications (NYSE:VZ – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter last year, the business posted $1.19 earnings per share. Verizon Communications’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, analysts forecast that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.
Verizon Communications Dividend Announcement
The business also recently disclosed 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. This represents a $2.83 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is currently 69.02%.
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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