Rothschild Investment LLC Has $6.88 Million Stock Holdings in Verizon Communications Inc. $VZ

Rothschild Investment LLC trimmed its position in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 168,937 shares of the cell phone carrier’s stock after selling 18,913 shares during the period. Rothschild Investment LLC’s holdings in Verizon Communications were worth $6,881,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Verizon Communications by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock valued at $15,453,058,000 after purchasing an additional 5,497,598 shares in the last quarter. State Street Corp lifted its stake in shares of Verizon Communications by 3.5% in the third quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock worth $9,470,788,000 after acquiring an additional 7,276,809 shares during the period. Geode Capital Management LLC lifted its stake in shares of Verizon Communications by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier’s stock worth $4,168,080,000 after acquiring an additional 867,694 shares during the period. Northern Trust Corp lifted its stake in shares of Verizon Communications by 1.2% in the third quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock worth $1,989,427,000 after acquiring an additional 557,576 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Verizon Communications by 4.5% in the third quarter. Legal & General Group Plc now owns 28,188,066 shares of the cell phone carrier’s stock worth $1,238,866,000 after acquiring an additional 1,203,445 shares during the period. 62.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on VZ. Evercore lifted their price objective on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Williams Trading set a $54.00 price objective on Verizon Communications in a research note on Monday, February 2nd. JPMorgan Chase & Co. lifted their price objective on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating and issued a $56.00 price objective on shares of Verizon Communications in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada lifted their price objective on Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

View Our Latest Stock Analysis on Verizon Communications

Insider Activity at Verizon Communications

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

Verizon Communications Trading Down 0.4%

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

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, topping the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Research analysts forecast that Verizon Communications Inc. will post 4.96 earnings per share for the current year.

Verizon Communications News Roundup

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

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.

Featured Stories

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

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