Verizon Communications Inc. $VZ Shares Sold by KLCM Advisors Inc.

KLCM Advisors Inc. reduced its position in shares of Verizon Communications Inc. (NYSE:VZ) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 332,755 shares of the cell phone carrier’s stock after selling 11,095 shares during the period. Verizon Communications comprises approximately 1.2% of KLCM Advisors Inc.’s holdings, making the stock its 25th largest holding. KLCM Advisors Inc.’s holdings in Verizon Communications were worth $13,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in VZ. Brighton Jones LLC raised its position in shares of Verizon Communications by 61.2% during the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after acquiring an additional 16,704 shares in the last quarter. United Bank increased its position in Verizon Communications by 11.5% in the second quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock worth $339,000 after buying an additional 806 shares during the period. Jump Financial LLC increased its position in Verizon Communications by 312.0% in the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock worth $1,023,000 after buying an additional 17,901 shares during the period. HUB Investment Partners LLC increased its position in Verizon Communications by 17.2% in the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock worth $1,779,000 after buying an additional 6,034 shares during the period. Finally, Vivaldi Capital Management LP increased its position in Verizon Communications by 5.2% in the second quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock worth $389,000 after buying an additional 443 shares during the period. 62.06% of the stock is owned by institutional investors and hedge funds.

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 completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 145,069 shares of the company’s stock, valued at $7,196,873.09. This represents a 57.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Williams Trading set a $54.00 target price on Verizon Communications in a research report on Monday, February 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Verizon Communications in a research report on Monday, January 26th. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Oppenheimer increased their target price on Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Finally, Barclays increased their target price on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Verizon Communications has an average rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Trading Up 0.1%

Shares of VZ stock opened at $47.29 on Tuesday. The stock has a 50-day simple moving average of $48.73 and a 200 day simple moving average of $44.29. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The stock has a market capitalization of $197.45 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.99 and a beta of 0.24. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38.

Verizon Communications (NYSE:VZ) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The business had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter last year, the business posted $1.19 earnings per share. 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. On average, sell-side analysts expect that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

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.