Trajan Wealth LLC Has $29.14 Million Holdings in Verizon Communications Inc. $VZ

Trajan Wealth LLC lifted its holdings in Verizon Communications Inc. (NYSE:VZ) by 17.8% during the 2nd quarter, Holdings Channel reports. The fund owned 688,280 shares of the cell phone carrier’s stock after acquiring an additional 104,047 shares during the quarter. Verizon Communications makes up approximately 1.1% of Trajan Wealth LLC’s portfolio, making the stock its 25th biggest position. Trajan Wealth LLC’s holdings in Verizon Communications were worth $29,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of VZ. State Street Corp grew its holdings in Verizon Communications by 3.5% during the 4th quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier’s stock worth $9,080,810,000 after acquiring an additional 7,461,335 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Verizon Communications by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier’s stock worth $4,747,930,000 after acquiring an additional 5,851,715 shares during the period. Geode Capital Management LLC lifted its position in Verizon Communications by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier’s stock worth $4,168,080,000 after purchasing an additional 867,694 shares during the period. Bank of America Corp DE grew its position in Verizon Communications by 15.4% in the first quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier’s stock valued at $3,117,471,000 after acquiring an additional 8,289,877 shares during the last quarter. Finally, Norges Bank bought a new position in Verizon Communications in the 4th quarter valued at approximately $2,357,158,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Trading Up 1.4%

Shares of NYSE:VZ opened at $50.11 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. The stock has a market capitalization of $208.20 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.40 and a beta of 0.25. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The stock’s 50-day simple moving average is $45.91 and its two-hundred day simple moving average is $47.42.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, beating the consensus estimate of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. During the same period last year, the firm earned $1.22 EPS. The company’s revenue was down .7% on a year-over-year basis. 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 year.

Verizon Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a $0.7075 dividend. This represents a $2.83 annualized dividend 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 presently 73.70%.

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $50.06, for a total transaction of $55,066.00. Following the sale, the chief executive officer owned 108,766 shares of the company’s stock, valued at approximately $5,444,825.96. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on VZ. Morgan Stanley upped their price target on Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. TD Cowen raised their price objective on shares of Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a report on Wednesday. Barclays increased their price target on shares of Verizon Communications from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada upped their price target on shares of Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Nine research 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 company presently has a consensus rating of “Hold” and a consensus price target of $50.84.

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.