CORDA Investment Management LLC. boosted its position in Verizon Communications Inc. (NYSE:VZ – Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 791,752 shares of the cell phone carrier’s stock after buying an additional 16,291 shares during the period. Verizon Communications makes up approximately 2.7% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 16th largest holding. CORDA Investment Management LLC.’s holdings in Verizon Communications were worth $39,746,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Strengthening Families & Communities LLC increased its stake in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 539 shares during the period. Holos Integrated Wealth LLC acquired a new position in Verizon Communications during the fourth quarter valued at $28,000. Lam Group Inc. purchased a new stake in Verizon Communications in the first quarter valued at $28,000. EQ Wealth Advisors LLC acquired a new stake in Verizon Communications during the 4th quarter worth about $29,000. Finally, Sarver Vrooman Wealth Advisors grew 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 worth $29,000 after purchasing an additional 448 shares during the period. 62.06% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Verizon Communications
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon is being highlighted as a potentially attractive dividend stock, with Barron’s saying now may be a good time to buy income-oriented names like VZ as yields look more compelling. Why Verizon, Clorox and More Dividend Stocks Are Flashing a Buy Signal
- Positive Sentiment: Verizon won a new automotive connectivity contract through its KDDI partnership, becoming the U.S. connectivity provider for newly manufactured BMW Group vehicles, which could support growth in its enterprise and IoT business. Verizon named U.S. connectivity provider for newly manufactured BMW Group vehicles through KDDI partnership
- Positive Sentiment: Analysts also flagged Verizon as a telecom name worth owning, noting its fiber and wireless expansion strategy and suggesting it may have a good setup for its next earnings report. T or VZ: Which Telecom Stock Deserves a Place in Your Portfolio?
- Positive Sentiment: Another recent report said Verizon has a strong earnings surprise history and could beat estimates again, which tends to support investor confidence ahead of results. Will Verizon (VZ) Beat Estimates Again in Its Next Earnings Report?
- Neutral Sentiment: Goldman Sachs won asset-management mandates tied to Verizon’s retirement assets, but this is mainly a financial-services arrangement rather than an operational development for Verizon. Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed Martin
- Neutral Sentiment: Some broader commentary on enterprise internet reliability and telecom competition, including Starlink-related pressure, may add noise to the sector outlook, but it is not a direct negative catalyst for Verizon itself. Verizon (NYSE:VZ) Dow Exit Deepens Starlink Market Pressure
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Verizon Communications
Verizon Communications Stock Up 0.0%
Shares of VZ opened at $42.14 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The stock’s 50 day moving average is $46.10 and its two-hundred day moving average is $46.01. The firm has a market cap of $175.95 billion, a P/E ratio of 10.28, a PEG ratio of 1.03 and a beta of 0.26.
Verizon Communications (NYSE:VZ – Get Free Report) last announced its 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 business had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. During the same period in the prior year, the company posted $1.19 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Analysts predict that Verizon Communications Inc. will post 4.98 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. Investors of record on Friday, July 10th will be given a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Friday, July 10th. Verizon Communications’s dividend payout ratio is 69.02%.
About Verizon Communications
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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