Verizon Communications Inc. $VZ Stock Holdings Increased by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC increased its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 372.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,109 shares of the cell phone carrier’s stock after purchasing an additional 15,849 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Verizon Communications were worth $851,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VZ. Robinswood Financial LLC purchased a new stake in Verizon Communications in the 1st quarter worth approximately $27,000. Lam Group Inc. acquired a new stake in shares of Verizon Communications during the 1st quarter valued at $28,000. Strengthening Families & Communities LLC grew its holdings in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after acquiring an additional 539 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Verizon Communications during the 4th quarter valued at $29,000. Finally, Sarver Vrooman Wealth Advisors increased 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 worth $29,000 after acquiring an additional 448 shares during the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications Stock Up 0.3%

Verizon Communications stock opened at $49.34 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The firm’s fifty day simple moving average is $45.52 and its 200-day simple moving average is $47.29. The company has a market capitalization of $205.00 billion, a P/E ratio of 12.85, a P/E/G ratio of 1.38 and a beta of 0.25.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The firm had revenue of $34.25 billion during the quarter, compared to analysts’ expectations of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. Verizon Communications’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Sell-side analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a $0.7075 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.7%. Verizon Communications’s payout ratio is currently 73.70%.

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $48.68, for a total value of $53,548.00. Following the completion of the sale, the chief executive officer owned 109,866 shares of the company’s stock, valued at $5,348,276.88. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on VZ shares. Moffett Nathanson cut their price objective on Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Barclays upped their target price on Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. BNP Paribas Exane cut their price target on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Finally, Scotiabank lifted their price target on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a report on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $50.84.

About Verizon Communications

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.