GC Wealth Management RIA LLC Reduces Stock Position in Verizon Communications Inc. $VZ

GC Wealth Management RIA LLC cut its holdings in Verizon Communications Inc. (NYSE:VZ) by 55.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,956 shares of the cell phone carrier’s stock after selling 36,199 shares during the period. GC Wealth Management RIA LLC’s holdings in Verizon Communications were worth $1,179,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. TruNorth Capital Management LLC lifted its stake in Verizon Communications by 95.3% during the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock worth $27,000 after purchasing an additional 305 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in Verizon Communications in the fourth quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in Verizon Communications in the third quarter valued at approximately $29,000. Daytona Street Capital LLC acquired a new stake in Verizon Communications during the fourth quarter worth approximately $33,000. Finally, Accordant Advisory Group Inc raised its holdings in Verizon Communications by 152.9% during the fourth quarter. Accordant Advisory Group Inc now owns 827 shares of the cell phone carrier’s stock worth $34,000 after purchasing an additional 500 shares in the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the transaction, the senior vice president owned 43,782 shares of the company’s stock, valued at $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Joseph J. Russo sold 9,579 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $44.88, for a total value of $429,905.52. Following the completion of the transaction, the executive vice president owned 44,045 shares in the company, valued at $1,976,739.60. This trade represents a 17.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 218,148 shares of company stock valued at $10,780,356. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Erste Group Bank upgraded shares of Verizon Communications from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Weiss Ratings upgraded shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. William Blair raised shares of Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. Sanford C. Bernstein restated a “market perform” rating and issued a $48.00 price objective on shares of Verizon Communications in a research note on Monday, February 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Verizon Communications from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.41.

Verizon Communications Price Performance

VZ stock opened at $46.57 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.87 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $194.67 billion, a P/E ratio of 11.36, a PEG ratio of 1.20 and a beta of 0.29. The business has a 50 day simple moving average of $48.96 and a 200-day simple moving average of $43.97. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68.

Verizon Communications (NYSE:VZ) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.79 billion. During the same period in the previous year, the company posted $1.19 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities analysts anticipate that Verizon Communications Inc. will post 4.95 EPS for the current year.

Verizon Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders 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 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, April 10th. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

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.