Keybank National Association OH boosted its position in Verizon Communications Inc. (NYSE:VZ – Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 655,184 shares of the cell phone carrier’s stock after purchasing an additional 27,888 shares during the quarter. Keybank National Association OH’s holdings in Verizon Communications were worth $32,890,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of VZ. Norges Bank acquired a new stake in shares of Verizon Communications in the fourth quarter valued at approximately $2,357,158,000. Bank of New York Mellon Corp boosted its position in shares of Verizon Communications by 31.2% during the fourth quarter. Bank of New York Mellon Corp now owns 31,584,162 shares of the cell phone carrier’s stock worth $1,286,423,000 after buying an additional 7,509,055 shares during the period. State Street Corp boosted its position in shares of Verizon Communications by 3.5% during the fourth quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier’s stock worth $9,080,810,000 after buying an additional 7,461,335 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Verizon Communications by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier’s stock worth $4,747,930,000 after buying an additional 5,851,715 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Verizon Communications by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock worth $15,453,058,000 after buying an additional 5,497,598 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Verizon Communications
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Analysts and market commentary continue to frame Verizon as an attractive value stock, with Zacks citing favorable style-score characteristics that may appeal to value-focused investors. Here’s Why Verizon Communications (VZ) is a Strong Value Stock
- Positive Sentiment: Verizon’s dividend profile is still a key support for the shares, with comparisons to AT&T emphasizing Verizon’s long record of dividend increases and its appeal to income investors. Better High-Yield Dividend Stock: Verizon or AT&T?
- Positive Sentiment: Verizon and BT Group announced a $4 billion international enterprise joint venture, which could expand Verizon’s global business services reach and improve growth prospects. Is Verizon Communications Inc. (VZ) Stock Positioned for Growth After $4B International Enterprise Partnership?
- Neutral Sentiment: Verizon is getting more trading attention from retail investors, which may reflect renewed interest but does not by itself change the company’s fundamentals. Verizon Communications Inc. (VZ) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Wall Street expects Verizon’s upcoming quarterly earnings to show modest profit growth, making the next report an important catalyst but not a clear surprise yet. What to Expect From Verizon Communications’ Next Quarterly Earnings Report
- Negative Sentiment: Coverage about Starlink’s push into mobile service raises longer-term competitive pressure on Verizon and other wireless carriers, even though major infrastructure hurdles remain. Starlink Dominates Internet From Space. Can It Disrupt AT&T and Verizon on the Ground?
Wall Street Analyst Weigh In
Verizon Communications Trading Up 0.0%
Verizon Communications stock opened at $42.57 on Friday. 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 stock has a market capitalization of $177.77 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.04 and a beta of 0.26. The firm has a 50 day simple moving average of $46.56 and a 200-day simple moving average of $45.91.
Verizon Communications (NYSE:VZ – Get Free Report) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities research analysts expect that Verizon Communications Inc. will post 4.98 EPS for the current fiscal year.
Verizon Communications Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s payout ratio 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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