National Pension Service Has $420.56 Million Position in Verizon Communications Inc. $VZ

National Pension Service lifted its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,325,584 shares of the cell phone carrier’s stock after purchasing an additional 446,662 shares during the quarter. National Pension Service’s holdings in Verizon Communications were worth $420,561,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Strengthening Families & Communities LLC raised its position in Verizon Communications by 490.0% in the 4th 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 last quarter. Holos Integrated Wealth LLC acquired a new stake in Verizon Communications in the 4th quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Verizon Communications in the 3rd quarter valued at approximately $29,000. EQ Wealth Advisors LLC acquired a new stake in Verizon Communications in the 4th quarter valued at approximately $29,000. Finally, Daytona Street Capital LLC acquired a new stake in Verizon Communications in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Stock Down 0.4%

VZ stock opened at $48.03 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The business has a 50 day moving average price of $47.96 and a two-hundred day moving average price of $45.05. The company has a market cap of $200.56 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.15 and a beta of 0.24. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VZ. JPMorgan Chase & Co. lifted their target price on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Citigroup lifted their target price on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Raymond James Financial reissued an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Finally, Barclays lifted their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Verizon Communications has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

Get Our Latest Stock Analysis on Verizon Communications

Verizon Communications 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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