Verizon Communications Inc. $VZ Shares Purchased by Easterly Investment Partners LLC

Easterly Investment Partners LLC boosted its stake in Verizon Communications Inc. (NYSE:VZ) by 31.8% in the 4th quarter, Holdings Channel reports. The firm owned 424,414 shares of the cell phone carrier’s stock after buying an additional 102,360 shares during the quarter. Verizon Communications accounts for approximately 1.1% of Easterly Investment Partners LLC’s portfolio, making the stock its 15th biggest position. Easterly Investment Partners LLC’s holdings in Verizon Communications were worth $17,286,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VZ. Brighton Jones LLC increased its holdings in Verizon Communications by 61.2% in 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 in the last quarter. United Bank increased its holdings in Verizon Communications by 11.5% in the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after purchasing an additional 806 shares in the last quarter. Jump Financial LLC boosted its position in Verizon Communications by 312.0% in the 2nd quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock valued at $1,023,000 after buying an additional 17,901 shares during the last quarter. HUB Investment Partners LLC boosted its position in Verizon Communications by 17.2% in the 2nd quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock valued at $1,779,000 after buying an additional 6,034 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its position in Verizon Communications by 5.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock valued at $389,000 after buying an additional 443 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications Stock Performance

Shares of VZ stock opened at $47.84 on Monday. 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 Inc. has a one year low of $38.39 and a one year high of $51.68. The company’s 50-day simple moving average is $47.93 and its 200-day simple moving average is $45.11. The stock has a market capitalization of $199.78 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.14 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results 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. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter last year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts anticipate that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VZ shares. Oppenheimer upped their price objective on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Evercore upped their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Royal Bank Of Canada upped their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Raymond James Financial reissued an “outperform” rating and issued a $56.00 price objective on shares of Verizon Communications in a research report on Thursday, March 12th. Finally, Morgan Stanley upped their price objective on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Verizon Communications has an average rating of “Moderate Buy” and a consensus target price of $50.59.

Verizon Communications Profile

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.