JNBA Financial Advisors Has $142,000 Holdings in Verizon Communications Inc. $VZ

JNBA Financial Advisors lessened its position in shares of Verizon Communications Inc. (NYSE:VZ) by 9.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 3,284 shares of the cell phone carrier’s stock after selling 343 shares during the quarter. JNBA Financial Advisors’ holdings in Verizon Communications were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VZ. Brighton Jones LLC increased its position in Verizon Communications by 61.2% during the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after purchasing an additional 16,704 shares during the period. GAMMA Investing LLC grew its position in shares of Verizon Communications by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 68,641 shares of the cell phone carrier’s stock worth $3,114,000 after buying an additional 8,800 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Verizon Communications by 12.9% during the 1st quarter. Capital Advisors Ltd. LLC now owns 3,291 shares of the cell phone carrier’s stock worth $149,000 after buying an additional 376 shares during the period. Simon Quick Advisors LLC grew its position in shares of Verizon Communications by 19.6% during the 1st quarter. Simon Quick Advisors LLC now owns 29,098 shares of the cell phone carrier’s stock worth $1,320,000 after buying an additional 4,775 shares during the period. Finally, Net Worth Advisory Group acquired a new stake in shares of Verizon Communications during the 1st quarter worth approximately $231,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Price Performance

Shares of VZ opened at $39.86 on Friday. Verizon Communications Inc. has a 12-month low of $37.58 and a 12-month high of $47.35. The business’s fifty day moving average is $43.48 and its 200 day moving average is $43.26. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 1.19. The stock has a market cap of $168.05 billion, a P/E ratio of 9.29, a P/E/G ratio of 3.08 and a beta of 0.37.

Verizon Communications (NYSE:VZ) last issued its earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The company had revenue of $34.50 billion for the quarter, compared to analysts’ expectations of $33.47 billion. During the same period last year, the business earned $1.15 EPS. Verizon Communications’s quarterly revenue was up 5.2% compared to the same quarter last year. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. Sell-side analysts anticipate that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.69 per share. This is a boost from Verizon Communications’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, October 10th. This represents a $2.76 annualized dividend and a yield of 6.9%. Verizon Communications’s dividend payout ratio (DPR) is 63.17%.

Analysts Set New Price Targets

Several analysts have recently commented on VZ shares. The Goldman Sachs Group started coverage on shares of Verizon Communications in a research report on Tuesday, September 2nd. They set a “buy” rating and a $49.00 price objective for the company. Arete Research raised shares of Verizon Communications to a “strong-buy” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada raised their price objective on shares of Verizon Communications from $45.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 22nd. Morgan Stanley raised their price objective on shares of Verizon Communications from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Verizon Communications in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Verizon Communications has an average rating of “Moderate Buy” and a consensus price target of $47.63.

About Verizon Communications

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).