Signal Advisors Wealth LLC Raises Position in Verizon Communications Inc. $VZ

Signal Advisors Wealth LLC raised its position in shares of Verizon Communications Inc. (NYSE:VZFree 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 (NYSE:VZGet Free Report) last posted its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.The firm had revenue of $36.38 billion during the quarter, compared to analyst estimates of $36.20 billion. During the same quarter in the previous year, the firm earned $1.10 EPS. Verizon Communications’s quarterly revenue was up 2.0% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. As a group, equities analysts forecast that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

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

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Verizon Communications Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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