Capital Advisors Inc. OK raised its position in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,035,492 shares of the cell phone carrier’s stock after acquiring an additional 16,492 shares during the period. Verizon Communications makes up 1.3% of Capital Advisors Inc. OK’s portfolio, making the stock its 22nd biggest holding. Capital Advisors Inc. OK’s holdings in Verizon Communications were worth $86,183,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in VZ. Delta Asset Management LLC TN increased its position in Verizon Communications by 0.4% in the 2nd quarter. Delta Asset Management LLC TN now owns 70,344 shares of the cell phone carrier’s stock worth $2,978,000 after buying an additional 257 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Verizon Communications by 14.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,173,226 shares of the cell phone carrier’s stock valued at $1,743,274,000 after purchasing an additional 5,075,794 shares during the period. New Mexico Educational Retirement Board grew its position in Verizon Communications by 8.4% in the 2nd quarter. New Mexico Educational Retirement Board now owns 209,871 shares of the cell phone carrier’s stock worth $8,886,000 after purchasing an additional 16,300 shares during the last quarter. Manchester Financial Inc. lifted its stake in shares of Verizon Communications by 0.6% in the second quarter. Manchester Financial Inc. now owns 34,924 shares of the cell phone carrier’s stock valued at $1,479,000 after buying an additional 218 shares during the period. Finally, Mufg Securities Americas Inc. grew its position in Verizon Communications by 7.8% during the second quarter. Mufg Securities Americas Inc. now owns 125,762 shares of the cell phone carrier’s stock worth $5,325,000 after buying an additional 9,100 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
VZ has been the subject of several recent research reports. Scotiabank upped their price target on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a report on Monday, July 27th. BNP Paribas Exane lowered their price target on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a report on Wednesday, August 26th. Finally, Morgan Stanley upped their target price on shares of Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.97.
Verizon Communications Price Performance
NYSE:VZ opened at $50.26 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. The firm has a market cap of $208.82 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.70 and a beta of 0.26. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The company’s 50-day moving average price is $46.07 and its two-hundred day moving average price is $47.45.
Verizon Communications (NYSE:VZ – Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The company had revenue of $34.25 billion during the quarter, compared to analyst estimates of $35.16 billion. During the same quarter last year, the business posted $1.22 earnings per share. The company’s revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. On average, equities analysts anticipate that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.
Verizon Communications Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.7075 per share. The ex-dividend date was Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 5.6%. Verizon Communications’s dividend payout ratio is 73.70%.
Insiders Place Their Bets
In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $50.06, for a total value of $55,066.00. Following the completion of the transaction, the chief executive officer owned 108,766 shares in the company, valued at approximately $5,444,825.96. The trade was a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by corporate insiders.
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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