Verizon Communications Inc. $VZ Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in Verizon Communications Inc. (NYSE:VZ) by 421.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,032 shares of the cell phone carrier’s stock after purchasing an additional 123,664 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Verizon Communications were worth $7,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of VZ. Elemental Capital Partners LLC purchased a new position in Verizon Communications in the first quarter valued at approximately $571,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Verizon Communications by 63.1% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,828,588 shares of the cell phone carrier’s stock valued at $91,795,000 after buying an additional 707,275 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in Verizon Communications by 67.5% during the first quarter. Elevation Point Wealth Partners LLC now owns 130,387 shares of the cell phone carrier’s stock worth $6,545,000 after buying an additional 52,526 shares during the period. Sharp Wealth Advisory LLC purchased a new stake in Verizon Communications during the first quarter worth approximately $207,000. Finally, Prasad Wealth Partners LLC acquired a new stake in shares of Verizon Communications in the first quarter worth $201,000. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications News Summary

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

• Positive Sentiment: Analysts and market commentary continue to frame Verizon as an attractive value stock, with Zacks citing favorable style-score characteristics that may appeal to value-focused investors. Here’s Why Verizon Communications (VZ) is a Strong Value Stock
• Positive Sentiment: Verizon’s dividend profile is still a key support for the shares, with comparisons to AT&T emphasizing Verizon’s long record of dividend increases and its appeal to income investors. Better High-Yield Dividend Stock: Verizon or AT&T?
• Positive Sentiment: Verizon and BT Group announced a $4 billion international enterprise joint venture, which could expand Verizon’s global business services reach and improve growth prospects. Is Verizon Communications Inc. (VZ) Stock Positioned for Growth After $4B International Enterprise Partnership?
• Neutral Sentiment: Verizon is getting more trading attention from retail investors, which may reflect renewed interest but does not by itself change the company’s fundamentals. Verizon Communications Inc. (VZ) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Wall Street expects Verizon’s upcoming quarterly earnings to show modest profit growth, making the next report an important catalyst but not a clear surprise yet. What to Expect From Verizon Communications’ Next Quarterly Earnings Report
• Negative Sentiment: Coverage about Starlink’s push into mobile service raises longer-term competitive pressure on Verizon and other wireless carriers, even though major infrastructure hurdles remain. Starlink Dominates Internet From Space. Can It Disrupt AT&T and Verizon on the Ground?

Verizon Communications Price Performance

VZ opened at $42.57 on Friday. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The firm has a market cap of $177.77 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.04 and a beta of 0.26. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $46.56 and a 200 day simple moving average of $45.91.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts expect that Verizon Communications Inc. will post 4.98 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

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

Wall Street Analysts Forecast Growth

VZ has been the topic of a number of research reports. Raymond James Financial reissued an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research note on Thursday, March 12th. Freedom Capital upgraded Verizon Communications to a “hold” rating in a report on Friday, June 12th. Barclays raised their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Wells Fargo & Company boosted their price objective 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, Oppenheimer upped their target price on Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus 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.