Signal Advisors Wealth LLC raised its position in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 44.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,503 shares of the cell phone carrier’s stock after acquiring an additional 10,348 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Verizon Communications were worth $1,365,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in VZ. Vanguard Group Inc. lifted its stake in shares of Verizon Communications by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 373,904,749 shares of the cell phone carrier’s stock valued at $16,433,114,000 after purchasing an additional 1,117,733 shares during the period. State Street Corp grew its stake in Verizon Communications by 3.5% in the third quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock worth $9,470,788,000 after purchasing an additional 7,276,809 shares during the period. Norges Bank purchased a new stake in Verizon Communications in the second quarter worth $2,504,150,000. Northern Trust Corp raised its holdings in Verizon Communications by 1.2% in the third quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock worth $1,989,427,000 after purchasing an additional 557,576 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Verizon Communications by 4.5% during the third quarter. Legal & General Group Plc now owns 28,188,066 shares of the cell phone carrier’s stock valued at $1,238,866,000 after buying an additional 1,203,445 shares during the period. Hedge funds and other institutional investors own 62.06% of the company’s stock.
Verizon Communications Trading Up 0.6%
NYSE VZ opened at $50.70 on Friday. 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 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The stock’s fifty day moving average price is $47.28 and its 200-day moving average price is $43.22. The stock has a market cap of $213.82 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.11 and a beta of 0.31.
Verizon Communications Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a $0.7075 dividend. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. This represents a $2.83 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Friday, April 10th. Verizon Communications’s payout ratio is currently 68.15%.
Insider Transactions at Verizon Communications
In related news, Director Hans Erik Vestberg sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the transaction, the director directly owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. This represents a 57.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the sale, the senior vice president owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 218,148 shares of company stock worth $10,780,356. Corporate insiders own 0.10% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently commented on VZ. Weiss Ratings upgraded shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Royal Bank Of Canada increased their price target on shares of Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 3rd. Williams Trading set a $54.00 price target on shares of Verizon Communications in a research report on Monday, February 2nd. Barclays assumed coverage on shares of Verizon Communications in a research note on Thursday, January 22nd. They set an “equal weight” rating and a $43.00 price objective on the stock. Finally, Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $50.25 to $54.50 in a research note on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.32.
View Our Latest Stock Report on VZ
More Verizon Communications News
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Fractus patent settlement removes a lingering legal overhang, lowering litigation risk and clarifying cash‑flow expectations for Verizon. Fractus and Verizon settle patent litigation
- Positive Sentiment: Goldman Sachs and other analysts have raised price targets/issued upgrades, signaling institutional confidence and supporting short‑term upside. Verizon Receives a Vote of Confidence as Goldman Sachs Raises Price Target
- Positive Sentiment: Analysts have nudged fair‑value estimates modestly higher (example: an update to about $50.76), reflecting improved visibility on costs and subscriber trends. How The Verizon (VZ) Investment Story Is Shifting On Costs Transparency And Fair Value Estimates
- Positive Sentiment: Recent retail/investor writeups (MSN/Yahoo) highlight a bullish thesis around valuation (low trailing/forward P/E) and steady dividend profile, attracting buy interest. Is Verizon Communications Inc. (VZ) A Good Stock To Buy Now?
- Neutral Sentiment: Press coverage noted a small pullback in recent sessions, reflecting normal volatility as investors digest mixed signals rather than a new fundamental shift. Verizon Communications (VZ) Stock Sinks As Market Gains: Here’s Why
- Neutral Sentiment: Commentary on investor reaction to the Fractus settlement suggests the deal improves the risk profile but doesn’t materially change Verizon’s growth story. How Investors May Respond To Verizon (VZ) Settling Fractus Patent Dispute And Easing Legal Overhang
- Negative Sentiment: AT&T’s rollout of 5G coverage in NYC subway tunnels (with partners) is a competitive threat in dense urban markets that could pressure share gains and subscriber adds if it yields a clear customer advantage. AT&T 5G Powers New York’s Subway Connectivity: Will it Drive Revenues?
- Negative Sentiment: Reports on aggressive pricing and loyalty risks at rival carriers amplify the risk of promotional cycles that could pressure ARPU and churn. AT&T puts loyalty at risk with stern warning to customers
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.
Further Reading
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