SBI Okasan Asset Management Co.Ltd. Invests $575,000 in Verizon Communications Inc. $VZ

SBI Okasan Asset Management Co.Ltd. acquired a new position in Verizon Communications Inc. (NYSE:VZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,200 shares of the cell phone carrier’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strengthening Families & Communities LLC grew its position in shares of Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 539 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in Verizon Communications in the 4th quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Verizon Communications during the 3rd quarter worth approximately $29,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications during the 4th quarter worth approximately $29,000. Finally, Daytona Street Capital LLC purchased a new stake in Verizon Communications during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Stock Performance

VZ opened at $47.84 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The firm has a fifty day moving average price of $47.93 and a 200 day moving average price of $45.07. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The stock has a market cap of $199.78 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.15 and a beta of 0.24.

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

Insider Activity

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. The trade was a 16.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

VZ has been the topic of several research analyst reports. Raymond James Financial reissued an “outperform” rating and set a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. Citigroup boosted their target price on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Royal Bank Of Canada boosted their target price on shares of 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, Evercore boosted their target price on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.59.

About Verizon Communications

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.