Coppell Advisory Solutions LLC Makes New Investment in Verizon Communications Inc. $VZ

Coppell Advisory Solutions LLC acquired a new stake in Verizon Communications Inc. (NYSE:VZ) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 50,796 shares of the cell phone carrier’s stock, valued at approximately $2,151,000.

Several other hedge funds and other institutional investors have also modified their holdings of VZ. Brighton Jones LLC grew 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 buying an additional 16,704 shares in the last quarter. United Bank lifted its holdings in shares of Verizon Communications by 11.5% during the second quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock worth $339,000 after buying an additional 806 shares in the last quarter. Jump Financial LLC lifted its holdings in shares of Verizon Communications by 312.0% during the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock worth $1,023,000 after buying an additional 17,901 shares in the last quarter. HUB Investment Partners LLC lifted its holdings in shares of Verizon Communications by 17.2% during the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock worth $1,779,000 after buying an additional 6,034 shares in the last quarter. Finally, Vivaldi Capital Management LP boosted its position in shares of Verizon Communications by 5.2% in the second quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock valued at $389,000 after acquiring an additional 443 shares during the period. Institutional investors own 62.06% of the company’s stock.

Insiders Place Their Bets

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total transaction of $55,550.00. Following the sale, the chief executive officer owned 107,666 shares of the company’s stock, valued at approximately $5,437,133. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,300 shares of company stock valued at $164,164 in the last quarter. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on VZ shares. Morgan Stanley lifted their price objective on shares of Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Barclays increased their target price on shares of 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 lowered their target price on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a research report on Wednesday, August 26th. Finally, Scotiabank boosted their price target on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a research note on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.97.

Verizon Communications Stock Down 0.2%

VZ stock opened at $50.21 on Thursday. The firm has a 50-day moving average price of $46.16 and a 200-day moving average price of $47.45. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $208.60 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26.

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

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.