Sharpepoint LLC grew its position in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 757.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 45,331 shares of the cell phone carrier’s stock after buying an additional 40,042 shares during the period. Sharpepoint LLC’s holdings in Verizon Communications were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC increased its holdings in Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares in the last quarter. Robinswood Financial LLC purchased a new stake in shares of Verizon Communications during the 1st quarter worth about $27,000. Lam Group Inc. acquired a new stake in shares of Verizon Communications during the 1st quarter valued at about $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of Verizon Communications during the 4th quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors increased its stake 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 currently owned by institutional investors and hedge funds.
Verizon Communications Trading Up 0.0%
VZ stock opened at $48.50 on Monday. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The business’s 50-day moving average is $45.30 and its 200 day moving average is $47.05. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The stock has a market cap of $201.51 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.35 and a beta of 0.25.
Verizon Communications Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.7075 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 5.8%. Verizon Communications’s payout ratio is 73.70%.
Key Stories Impacting Verizon Communications
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon is using its fiber network to support AI-related connectivity, including a reported $1 billion-plus agreement with Google and potential additional hyperscaler contracts. These deals could create new enterprise revenue opportunities beyond traditional wireless services. Can AI Infrastructure Drive Verizon’s Next Long-Term Growth?
- Positive Sentiment: Analysts continue to highlight Verizon as a value stock, supported by its relatively modest valuation, income potential and defensive telecommunications business. That profile may appeal to investors seeking stability while broader markets remain elevated. Here’s Why Verizon Communications Is a Strong Value Stock
- Positive Sentiment: Verizon’s preparation for Tropical Storm Lala in Hawaii— including backup generators, satellite assets and pre-positioned equipment— reinforces network reliability and customer support, though the immediate financial impact is likely limited. Verizon Readies for Tropical Storm Lala
- Neutral Sentiment: A comparison with Nokia emphasizes Verizon’s connectivity strengths as both companies position for AI-driven telecom demand. The article does not identify a material change to Verizon’s near-term earnings outlook. Verizon vs. Nokia: Which Telecom Stock is the Better Buy Now?
- Negative Sentiment: Investors remain mindful that Verizon has returned substantial cash to shareholders while its stock has lagged the broader market. This raises questions about whether dividends and buybacks are producing sufficient shareholder value compared with reinvestment in growth. VZ Paid Holders $59 Billion While the Stock Trailed the Market
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Wells Fargo & Company boosted their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. BNP Paribas Exane reduced their target price on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Moffett Nathanson decreased their target price on Verizon Communications from $56.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Finally, Royal Bank Of Canada lifted their price target on shares of Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.84.
View Our Latest Stock Report on Verizon Communications
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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