Tulsa Wealth Advisors INC Takes Position in Verizon Communications Inc. $VZ

Tulsa Wealth Advisors INC bought a new stake in Verizon Communications Inc. (NYSE:VZ) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 94,433 shares of the cell phone carrier’s stock, valued at approximately $3,846,000. Verizon Communications makes up 1.3% of Tulsa Wealth Advisors INC’s portfolio, making the stock its 22nd largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC lifted its position in shares of Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 539 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of Verizon Communications during the fourth quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Verizon Communications during the third quarter valued at approximately $29,000. EQ Wealth Advisors LLC acquired a new position in shares of Verizon Communications in the fourth quarter valued at $29,000. Finally, Sarver Vrooman Wealth Advisors raised its stake in shares of Verizon Communications by 173.0% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after purchasing an additional 448 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on VZ. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Dbs Bank downgraded shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Oppenheimer raised their price objective on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Freedom Capital upgraded shares of Verizon Communications to a “hold” rating in a research report on Friday, June 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.59.

Verizon Communications Price Performance

Shares of VZ stock opened at $45.44 on Friday. The stock’s fifty day simple moving average is $46.92 and its 200 day simple moving average is $45.66. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The firm has a market cap of $189.72 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 1.11 and a beta of 0.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. During the same period in the prior year, the company posted $1.19 earnings per share. The business’s revenue for the quarter 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. On average, analysts expect that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be issued a $0.7075 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 6.2%. Verizon Communications’s dividend payout ratio is presently 69.02%.

Verizon Communications Company 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.