Uhlmann Price Securities LLC Makes New $837,000 Investment in Verizon Communications Inc. $VZ

Uhlmann Price Securities LLC bought a new stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) during the first quarter, Holdings Channel reports. The fund bought 16,465 shares of the cell phone carrier’s stock, valued at approximately $837,000.

Several other large investors have also modified their holdings of the business. Strengthening Families & Communities LLC increased its holdings in Verizon Communications by 490.0% during 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 during the period. Holos Integrated Wealth LLC bought a new position in Verizon Communications in the fourth quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Verizon Communications during the third quarter worth $29,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications during the fourth quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors boosted its position in Verizon Communications by 173.0% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after acquiring an additional 448 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.

Verizon Communications Price Performance

Shares of VZ stock opened at $45.44 on Friday. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The firm has a market capitalization of $189.72 billion, a price-to-earnings ratio of 11.08, a PEG 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. The stock’s 50-day simple moving average is $46.92 and its 200-day simple moving average is $45.66.

Verizon Communications (NYSE:VZGet Free Report) last announced its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. Verizon Communications’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities analysts forecast that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently declared 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 is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.2%. Verizon Communications’s dividend payout ratio is presently 69.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Citigroup upped their price objective on Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. Finally, Freedom Capital upgraded shares of Verizon Communications to a “hold” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.59.

View Our Latest Analysis on VZ

Verizon Communications Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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