LFG Wealth Partners LLC Invests $2.15 Million in Verizon Communications Inc. $VZ

LFG Wealth Partners LLC acquired a new stake in shares of Verizon Communications Inc. (NYSE:VZ) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 52,794 shares of the cell phone carrier’s stock, valued at approximately $2,150,000. Verizon Communications makes up about 1.4% of LFG Wealth Partners LLC’s holdings, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VZ. Strengthening Families & Communities LLC increased its stake in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares in the last quarter. Holos Integrated Wealth LLC bought a new position in Verizon Communications in the 4th quarter worth $28,000. Foster Dykema Cabot & Partners LLC bought a new position in Verizon Communications in the 3rd quarter worth $29,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications in the 4th quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors increased its stake in Verizon Communications by 173.0% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after buying an additional 448 shares in the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VZ has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Freedom Capital raised Verizon Communications to a “hold” rating in a report on Friday. Wells Fargo & Company upped their price target on Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Verizon Communications Stock Down 2.1%

VZ opened at $47.11 on Tuesday. The company has a market capitalization of $196.73 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.17 and a beta of 0.24. The firm has a 50-day simple moving average of $47.15 and a two-hundred day simple moving average of $45.55. 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 Inc. has a 52 week low of $38.39 and a 52 week high of $51.68.

Verizon Communications (NYSE:VZ) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Analysts forecast that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.7075 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.0%. Verizon Communications’s payout ratio is presently 69.02%.

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.