Little House Capital LLC Has $1.76 Million Stake in Verizon Communications Inc. $VZ

Little House Capital LLC decreased its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 16.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,639 shares of the cell phone carrier’s stock after selling 8,274 shares during the quarter. Little House Capital LLC’s holdings in Verizon Communications were worth $1,758,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in VZ. Bernard Wealth Management Corp. boosted its holdings in Verizon Communications by 81.0% during the first quarter. Bernard Wealth Management Corp. now owns 543 shares of the cell phone carrier’s stock worth $25,000 after purchasing an additional 243 shares during the last quarter. Cherry Tree Wealth Management LLC grew its position in shares of Verizon Communications by 71.8% in the 1st quarter. Cherry Tree Wealth Management LLC now owns 584 shares of the cell phone carrier’s stock valued at $26,000 after acquiring an additional 244 shares during the period. Garde Capital Inc. bought a new position in shares of Verizon Communications in the 1st quarter valued at about $26,000. 1 North Wealth Services LLC bought a new position in shares of Verizon Communications in the 1st quarter valued at about $29,000. Finally, Accent Capital Management LLC bought a new position in shares of Verizon Communications in the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Stock Performance

NYSE VZ opened at $43.91 on Tuesday. The firm has a 50-day moving average of $43.24 and a 200-day moving average of $43.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.60 and a current ratio of 0.64. The stock has a market cap of $185.14 billion, a PE ratio of 10.24, a P/E/G ratio of 3.39 and a beta of 0.36. Verizon Communications Inc. has a 52-week low of $37.58 and a 52-week high of $47.35.

Verizon Communications (NYSE:VZ) last posted its earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $34.50 billion during the quarter, compared to analysts’ expectations of $33.47 billion. Verizon Communications had a net margin of 13.28% and a return on equity of 19.61%. Verizon Communications’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.15 EPS. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. On average, sell-side analysts anticipate that Verizon Communications Inc. will post 4.69 EPS for the current year.

Verizon Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a $0.69 dividend. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, October 10th. This represents a $2.76 annualized dividend and a yield of 6.3%. Verizon Communications’s dividend payout ratio is presently 63.17%.

Wall Street Analyst Weigh In

VZ has been the subject of a number of analyst reports. Wall Street Zen raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. lifted their price objective on shares of Verizon Communications from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group initiated coverage on shares of Verizon Communications in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $49.00 price objective for the company. Bank of America lifted their price objective on shares of Verizon Communications from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their target price on shares of Verizon Communications from $45.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.65.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).