Verizon Communications Inc. $VZ Shares Sold by Moneco Advisors LLC

Moneco Advisors LLC lowered its stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 39.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,112 shares of the cell phone carrier’s stock after selling 18,670 shares during the period. Moneco Advisors LLC’s holdings in Verizon Communications were worth $1,145,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blake Schutter Theil Wealth Advisors LLC lifted its position in Verizon Communications by 3.8% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock worth $257,000 after buying an additional 233 shares during the period. Monetary Management Group Inc. lifted its position in Verizon Communications by 0.8% during the second quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier’s stock worth $1,315,000 after buying an additional 250 shares during the period. Hughes Financial Services LLC lifted its position in Verizon Communications by 5.3% during the third quarter. Hughes Financial Services LLC now owns 5,035 shares of the cell phone carrier’s stock worth $221,000 after buying an additional 255 shares during the period. Hager Investment Management Services LLC lifted its position in Verizon Communications by 26.2% during the third quarter. Hager Investment Management Services LLC now owns 1,233 shares of the cell phone carrier’s stock worth $54,000 after buying an additional 256 shares during the period. Finally, Washington Trust Advisors Inc. lifted its position in Verizon Communications by 2.9% during the third quarter. Washington Trust Advisors Inc. now owns 9,025 shares of the cell phone carrier’s stock worth $397,000 after buying an additional 258 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $50.25 to $54.50 in a research report on Monday, March 9th. KeyCorp reiterated a “sector weight” rating on shares of Verizon Communications in a research report on Monday, January 26th. Evercore increased their target price on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Royal Bank Of Canada increased their target price on Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Finally, William Blair upgraded Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Verizon Communications currently has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Check Out Our Latest Analysis on VZ

Verizon Communications Stock Performance

Verizon Communications stock opened at $47.03 on Friday. The stock’s 50-day moving average is $48.56 and its 200-day moving average is $44.47. The company has a market cap of $196.39 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.99 and a beta of 0.24. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The company had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts anticipate that Verizon Communications Inc. will post 4.96 earnings per share for the current year.

Insider Transactions at Verizon Communications

In other news, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $7,196,873.09. This trade represents a 57.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction dated 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. The trade was a 16.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.03% of the company’s stock.

Verizon Communications News Summary

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

Verizon Communications 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.

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

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