PFA Pension Forsikringsaktieselskab Purchases New Holdings in Verizon Communications Inc. $VZ

PFA Pension Forsikringsaktieselskab purchased a new stake in Verizon Communications Inc. (NYSE:VZFree Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 2,903,925 shares of the cell phone carrier’s stock, valued at approximately $118,190,000.

Several other large investors have also recently added to or reduced their stakes in VZ. 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 bought a new stake in Verizon Communications during the 4th quarter valued at $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in Verizon Communications during the 3rd quarter valued at $29,000. EQ Wealth Advisors LLC bought a new stake in Verizon Communications during the 4th quarter valued at $29,000. Finally, Daytona Street Capital LLC bought a new stake in Verizon Communications during the 4th quarter valued at $33,000. 62.06% of the stock is currently owned by institutional investors.

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $48.17 on Friday. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The business has a 50-day moving average of $48.94 and a two-hundred day moving average of $44.00. The stock has a market capitalization of $201.37 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.01 and a beta of 0.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.87.

Verizon Communications (NYSE:VZGet Free Report) last announced its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities research analysts predict that Verizon Communications Inc. will post 4.95 EPS for the current fiscal year.

Key Stories Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup lifted their target price on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. lifted their target price on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday. Raymond James Financial restated an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a report on Thursday, March 12th. Erste Group Bank upgraded Verizon Communications from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Finally, William Blair upgraded Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Verizon Communications presently has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Read Our Latest Report on VZ

Insider Transactions at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the transaction, the senior vice president directly owned 43,782 shares in the company, valued at approximately $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph J. Russo sold 9,579 shares of Verizon Communications stock in a transaction dated Monday, February 2nd. The stock was 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. The trade was a 17.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 218,148 shares of company stock worth $10,780,356. Company insiders own 0.03% of the company’s stock.

About Verizon Communications

(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.

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

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