Procyon Advisors LLC Has $2.70 Million Stock Holdings in Verizon Communications Inc. $VZ

Procyon Advisors LLC boosted its stake in Verizon Communications Inc. (NYSE:VZ) by 31.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 53,699 shares of the cell phone carrier’s stock after buying an additional 12,789 shares during the period. Procyon Advisors LLC’s holdings in Verizon Communications were worth $2,696,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VZ. Avanza Fonder AB boosted its stake in shares of Verizon Communications by 5.6% in the fourth quarter. Avanza Fonder AB now owns 331,962 shares of the cell phone carrier’s stock valued at $13,521,000 after buying an additional 17,495 shares during the period. Econ Financial Services Corp increased its stake in Verizon Communications by 23.5% during the 4th quarter. Econ Financial Services Corp now owns 78,172 shares of the cell phone carrier’s stock worth $3,184,000 after acquiring an additional 14,862 shares during the period. USS Investment Management Ltd increased its stake in Verizon Communications by 4.6% during the 1st quarter. USS Investment Management Ltd now owns 713,156 shares of the cell phone carrier’s stock worth $35,790,000 after acquiring an additional 31,354 shares during the period. Teacher Retirement System of Texas raised its holdings in Verizon Communications by 41.0% in the 4th quarter. Teacher Retirement System of Texas now owns 2,197,366 shares of the cell phone carrier’s stock valued at $89,499,000 after acquiring an additional 639,380 shares in the last quarter. Finally, Clarity Financial LLC raised its holdings in Verizon Communications by 697.0% in the 4th quarter. Clarity Financial LLC now owns 471,127 shares of the cell phone carrier’s stock valued at $19,189,000 after acquiring an additional 412,018 shares in the last quarter. 62.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Wells Fargo & Company started coverage on Verizon Communications in a research note on Wednesday, July 8th. They issued an “equal weight” rating and a $43.00 price target for the company. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Barclays reduced their price objective on shares of Verizon Communications from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Finally, Citigroup boosted their target price on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.28.

Verizon Communications Stock Up 1.2%

Shares of NYSE:VZ opened at $42.64 on Tuesday. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a market capitalization of $178.05 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.03 and a beta of 0.26. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The company has a fifty day moving average of $46.00 and a 200-day moving average of $46.03.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data 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. 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%.Verizon Communications’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities analysts predict that Verizon Communications Inc. will post 4.98 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.7075 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a yield of 6.6%. Verizon Communications’s dividend payout ratio is presently 69.02%.

Key Headlines Impacting Verizon Communications

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

• Positive Sentiment: Verizon launched the new Gizmo Watch 4, a kid-friendly smartwatch with safety features like removal detection and real-time location tracking, which could help expand the company’s Verizon Family ecosystem and add wireless subscribers. Meet the Gizmo Watch 4: Verizon’s new kid-friendly smartwatch
• Positive Sentiment: Verizon announced it will power new BMW Group vehicles in the U.S. with 5G Standalone, broadening its automotive connectivity business and potentially creating a new growth avenue in connected-car services. Can Verizon’s KDDI Tie-Up for Latest BMW Vehicles Boost Its Profits?
• Positive Sentiment: Coverage highlighting Verizon as a defensive, high-yield dividend stock and “cash machine” may be supporting demand from income-focused investors seeking stability ahead of market volatility. The Cash Machine The Market Put On Sale: VZ
• Neutral Sentiment: Investors are also watching Verizon’s earnings report next week, which could become the main near-term catalyst for the stock depending on subscriber growth, pricing trends, and guidance. Should You Buy Verizon Communications Stock Before July 24?
• Neutral Sentiment: Verizon also spotlighted its Small Business Super Pitch finalists, a brand and community-relations initiative that is positive for image but likely limited in immediate financial impact. Four small businesses to compete in finals of Verizon’s Small Business Super Pitch

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.