Shah Wealth Advisors LLC Invests $1.12 Million in Verizon Communications Inc. $VZ

Shah Wealth Advisors LLC acquired a new stake in Verizon Communications Inc. (NYSE:VZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 26,555 shares of the cell phone carrier’s stock, valued at approximately $1,124,000.

A number of other institutional investors have also recently made changes to their positions in the business. Strengthening Families & Communities LLC boosted its holdings in Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 539 shares during the period. Gill Capital Partners LLC increased its holdings in Verizon Communications by 74.6% during the 2nd quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 265 shares during the period. Robinswood Financial LLC purchased a new stake in Verizon Communications during the 1st quarter worth about $27,000. Lam Group Inc. acquired a new stake in Verizon Communications in the 1st quarter valued at about $28,000. Finally, Sarver Vrooman Wealth Advisors lifted its stake in 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. Institutional investors and hedge funds own 62.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on VZ shares. Moffett Nathanson lowered their target price on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research note on Wednesday, August 26th. Scotiabank increased their price objective on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a report on Monday, July 27th. Morgan Stanley raised their target price on Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Finally, Barclays boosted their target price on Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.97.

Verizon Communications Stock Down 0.9%

VZ opened at $50.15 on Friday. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a market capitalization of $208.36 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.72 and a beta of 0.26. The business’s 50-day simple moving average is $46.32 and its 200-day simple moving average is $47.48.

Verizon Communications (NYSE:VZ) last announced its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, beating 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 return on equity of 19.48% and a net margin of 11.64%.The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Analysts anticipate that Verizon Communications Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $50.50, for a total value of $55,550.00. Following the completion of the sale, the chief executive officer directly owned 107,666 shares of the company’s stock, valued at approximately $5,437,133. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,300 shares of company stock valued at $164,164 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

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.