International Assets Investment Management LLC Purchases 29,503 Shares of Verizon Communications Inc. $VZ

International Assets Investment Management LLC increased its position in shares of Verizon Communications Inc. (NYSE:VZ) by 28.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 131,647 shares of the cell phone carrier’s stock after acquiring an additional 29,503 shares during the period. International Assets Investment Management LLC’s holdings in Verizon Communications were worth $5,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of VZ. Holos Integrated Wealth LLC bought a new stake in Verizon Communications during the 4th quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in Verizon Communications during the 3rd quarter worth approximately $29,000. EQ Wealth Advisors LLC bought a new stake in Verizon Communications during the 4th quarter worth approximately $29,000. Daytona Street Capital LLC bought a new stake in Verizon Communications during the 4th quarter worth approximately $33,000. Finally, Accordant Advisory Group Inc increased its holdings in Verizon Communications by 152.9% during the 4th quarter. Accordant Advisory Group Inc now owns 827 shares of the cell phone carrier’s stock worth $34,000 after acquiring an additional 500 shares during the period. Institutional investors own 62.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director Hans Erik Vestberg sold 200,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total value of $9,922,000.00. Following the completion of the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the completion of the sale, the senior vice president directly owned 43,782 shares of the company’s stock, valued at $2,189,100. This trade represents a 16.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is currently owned by corporate insiders.

Verizon Communications Price Performance

Shares of Verizon Communications stock opened at $47.10 on Friday. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The stock has a market capitalization of $196.66 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.00 and a beta of 0.24. The company has a fifty day moving average of $48.81 and a 200-day moving average of $44.20. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (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 company had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the prior year, the company earned $1.19 EPS. The firm’s 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. Equities research analysts expect that Verizon Communications Inc. will post 4.96 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on VZ. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $48.00 target price on shares of Verizon Communications in a report on Monday, February 2nd. Dbs Bank cut shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Royal Bank Of Canada boosted 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. Morgan Stanley boosted their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Evercore boosted their price target on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Verizon Communications presently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

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.