Capstone Capital Management Ltd Purchases New Shares in Verizon Communications Inc. $VZ

Capstone Capital Management Ltd purchased a new position in Verizon Communications Inc. (NYSE:VZ) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,904 shares of the cell phone carrier’s stock, valued at approximately $592,000.

A number of other institutional investors have also added to or reduced their stakes in VZ. Range Financial Group LLC increased its position in Verizon Communications by 2.6% during the 3rd quarter. Range Financial Group LLC now owns 104,036 shares of the cell phone carrier’s stock valued at $4,772,000 after buying an additional 2,649 shares in the last quarter. Newman Dignan & Sheerar Inc. grew its stake in shares of Verizon Communications by 1.2% in the third quarter. Newman Dignan & Sheerar Inc. now owns 26,408 shares of the cell phone carrier’s stock worth $1,211,000 after acquiring an additional 310 shares during the period. MBM Wealth Consultants LLC raised its stake in Verizon Communications by 21.5% during the 3rd quarter. MBM Wealth Consultants LLC now owns 14,860 shares of the cell phone carrier’s stock valued at $682,000 after buying an additional 2,628 shares during the last quarter. 55 North Private Wealth LLC lifted its holdings in Verizon Communications by 7.5% in the third quarter. 55 North Private Wealth LLC now owns 8,510 shares of the cell phone carrier’s stock valued at $390,000 after acquiring an additional 596 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Verizon Communications by 5.0% in the third quarter. V Square Quantitative Management LLC now owns 95,610 shares of the cell phone carrier’s stock worth $4,386,000 after buying an additional 4,556 shares during the last quarter. Institutional investors own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Cowen boosted their price target on Verizon Communications from $54.00 to $56.00 and gave the company a “buy” rating in a report on Monday, July 27th. Morgan Stanley raised their price objective 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. Scotiabank lowered their price objective on Verizon Communications from $51.50 to $50.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 9th. Moffett Nathanson lowered their price objective on Verizon Communications from $56.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Finally, Royal Bank Of Canada boosted their price objective on Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.80.

Verizon Communications News Summary

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

• Positive Sentiment: Analysts are highlighting Verizon’s potential for growth ahead of its upcoming earnings release. Wall Street expects earnings improvement, while the company’s full-year EPS guidance of $4.99–$5.04 and relatively low valuation may be supporting the shares. AT&T, Verizon face Q3 earnings test as analysts highlight growth potential
• Positive Sentiment: Verizon’s Straight Talk prepaid business expanded its unlimited plans with more data, faster 5G and additional benefits without increasing base monthly prices. The move could improve customer value and support subscriber retention, although it may also increase competitive pressure on margins. Straight Talk Supercharges Unlimited Plans with More Data, Faster 5G and Expanded Benefits
• Neutral Sentiment: Verizon formally objected to the trading of tokenized versions of its shares on the ICE-OKX platform. The action limits an unauthorized trading channel but is unlikely to have a material effect on Verizon’s core financial results. Verizon Moves To Block Tokenized Trading Of Its Shares
• Negative Sentiment: A new wireless customer-experience study found a widening gap between major legacy carriers and smaller challenger brands, raising concerns about Verizon’s customer loyalty, churn and pricing power. Market Force Information Study Reveals Widening CX Gap
• Negative Sentiment: Analysts and market coverage continue to point to fresh telecom-sector pressure, while a recent review showed Verizon lagging some competitors after second-quarter results. Investors are also concerned that the company may lack the indicators typically associated with a likely earnings beat. Verizon Faces Fresh Telecom Pressure

Insider Activity

In related news, CEO Kyle Malady sold 1,100 shares of the stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $42.93, for a total value of $47,223.00. Following the completion of the transaction, the chief executive officer owned 101,066 shares of the company’s stock, valued at approximately $4,338,763.38. This trade represents a 1.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 8,800 shares of company stock worth $420,145. 0.03% of the stock is currently owned by corporate insiders.

Verizon Communications Trading Up 0.8%

Shares of VZ opened at $44.48 on Wednesday. The company’s fifty day moving average is $47.78 and its 200 day moving average is $46.74. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The stock has a market capitalization of $184.81 billion, a PE ratio of 11.58, a P/E/G ratio of 1.69 and a beta of 0.26. 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 released 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 business had revenue of $34.25 billion during the quarter, compared to analyst estimates of $35.16 billion. During the same quarter last year, the business earned $1.22 earnings per share. Verizon Communications’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. Sell-side analysts expect that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 9th will be given a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Friday, October 9th. Verizon Communications’s dividend payout ratio is currently 73.70%.

Verizon Communications Company Profile

Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and digital connectivity services. Through its consumer business, Verizon offers mobile voice and data plans, smartphones and other connected devices, home internet, fixed wireless access, and fiber-optic broadband services under the Fios brand.

Verizon also serves businesses, government agencies, and other organizations with wireless connectivity, private networks, internet and data services, managed communications, cloud and security solutions, and Internet of Things services.