LM Advisors LLC Buys 22,700 Shares of Verizon Communications Inc. $VZ

LM Advisors LLC lifted its stake in Verizon Communications Inc. (NYSE:VZ) by 1,871.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,913 shares of the cell phone carrier’s stock after purchasing an additional 22,700 shares during the period. LM Advisors LLC’s holdings in Verizon Communications were worth $1,015,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Robinswood Financial LLC bought a new position in Verizon Communications in the first quarter worth about $27,000. Lam Group Inc. bought a new stake in Verizon Communications during the 1st quarter valued at approximately $28,000. Strengthening Families & Communities LLC boosted its position in Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after acquiring an additional 539 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Verizon Communications during the 4th quarter worth approximately $29,000. Finally, Sarver Vrooman Wealth Advisors grew its holdings in shares of Verizon Communications by 173.0% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after acquiring an additional 448 shares during the period. Institutional investors own 62.06% of the company’s stock.

Insider Activity at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $50.06, for a total transaction of $55,066.00. Following the completion of the transaction, the chief executive officer directly owned 108,766 shares in the company, valued at $5,444,825.96. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on VZ. Scotiabank increased their target price on Verizon Communications from $51.50 to $52.50 and gave the stock a “sector outperform” rating in a research report on Monday, July 27th. BNP Paribas Exane dropped their price target on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Freedom Capital raised Verizon Communications to a “hold” rating in a research note on Friday, June 12th. Morgan Stanley increased their price objective on Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Finally, Royal Bank Of Canada raised their price objective on Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Verizon Communications presently has a consensus rating of “Hold” and a consensus target price of $50.84.

Verizon Communications Price Performance

Shares of NYSE VZ opened at $50.11 on Friday. The company has a 50 day simple moving average of $45.91 and a two-hundred day simple moving average of $47.42. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The company has a market capitalization of $208.20 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 1.38 and a beta of 0.25. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The company had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Analysts expect that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, July 10th. Verizon Communications’s dividend payout ratio is currently 73.70%.

Verizon Communications Company 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.