Verizon Communications Inc. $VZ Shares Purchased by Equity Investment Corp

Equity Investment Corp boosted its position in Verizon Communications Inc. (NYSE:VZFree Report) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,642,061 shares of the cell phone carrier’s stock after purchasing an additional 65,630 shares during the quarter. Verizon Communications comprises about 3.8% of Equity Investment Corp’s holdings, making the stock its 2nd largest position. Equity Investment Corp’s holdings in Verizon Communications were worth $189,071,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in VZ. Blake Schutter Theil Wealth Advisors LLC raised its position in Verizon Communications by 3.8% in the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock valued at $257,000 after purchasing an additional 233 shares during the last quarter. Triton Wealth Management PLLC raised its position in Verizon Communications by 2.6% in the 4th quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock valued at $377,000 after purchasing an additional 234 shares during the last quarter. Clearstead Trust LLC raised its position in Verizon Communications by 2.5% in the 4th quarter. Clearstead Trust LLC now owns 9,788 shares of the cell phone carrier’s stock valued at $399,000 after purchasing an additional 240 shares during the last quarter. CWS Financial Advisors LLC raised its position in Verizon Communications by 1.7% in the 4th quarter. CWS Financial Advisors LLC now owns 14,891 shares of the cell phone carrier’s stock valued at $607,000 after purchasing an additional 246 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in Verizon Communications by 0.9% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 27,471 shares of the cell phone carrier’s stock valued at $1,119,000 after purchasing an additional 248 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on VZ shares. Barclays boosted their target price on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. Morgan Stanley boosted their target price on Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Oppenheimer boosted their target price on Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Finally, Raymond James Financial restated an “outperform” rating and set a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.59.

Read Our Latest Stock Analysis on VZ

Verizon Communications Price Performance

VZ opened at $47.04 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. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The stock has a fifty day moving average of $47.22 and a 200-day moving average of $45.45. The firm has a market capitalization of $196.43 billion, a P/E ratio of 11.47, a PEG ratio of 1.15 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last issued its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion for 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts forecast that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.7075 dividend. This represents a $2.83 annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, July 10th. Verizon Communications’s payout ratio is 69.02%.

Verizon Communications News Summary

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

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.

Featured Stories

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

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