Kraematon Investment Advisors Inc. Has $532,000 Stock Holdings in Verizon Communications Inc. $VZ

Kraematon Investment Advisors Inc. trimmed its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,289 shares of the cell phone carrier’s stock after selling 987 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Verizon Communications were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of VZ. Brighton Jones LLC boosted its holdings in shares of Verizon Communications by 61.2% during the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock worth $1,759,000 after purchasing an additional 16,704 shares during the period. Naples Global Advisors LLC increased its stake in Verizon Communications by 12.5% in the 1st quarter. Naples Global Advisors LLC now owns 9,206 shares of the cell phone carrier’s stock valued at $418,000 after buying an additional 1,024 shares during the period. Vest Financial LLC lifted its position in Verizon Communications by 61.0% in the 1st quarter. Vest Financial LLC now owns 112,592 shares of the cell phone carrier’s stock worth $5,107,000 after buying an additional 42,645 shares in the last quarter. Foster Group Inc. purchased a new stake in Verizon Communications in the 1st quarter worth approximately $254,000. Finally, Procyon Advisors LLC boosted its stake in shares of Verizon Communications by 55.6% during the 1st quarter. Procyon Advisors LLC now owns 52,564 shares of the cell phone carrier’s stock valued at $2,273,000 after buying an additional 18,779 shares during the period. 62.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on VZ shares. Bank of America increased their price objective on Verizon Communications from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Wall Street Zen downgraded Verizon Communications from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Verizon Communications in a research note on Saturday, September 27th. JPMorgan Chase & Co. increased their price objective on Verizon Communications from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Arete Research upgraded shares of Verizon Communications to a “strong-buy” rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Verizon Communications currently has an average rating of “Moderate Buy” and an average price target of $47.53.

Verizon Communications Price Performance

Shares of Verizon Communications stock opened at $43.68 on Friday. The firm has a market cap of $184.17 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 3.37 and a beta of 0.37. The firm’s 50-day simple moving average is $43.65 and its 200-day simple moving average is $43.35. Verizon Communications Inc. has a twelve month low of $37.58 and a twelve month high of $47.35. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.60 and a current ratio of 0.64.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The company had revenue of $34.50 billion for the quarter, compared to the consensus estimate of $33.47 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. As a group, research analysts expect that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, October 10th. This is a boost from Verizon Communications’s previous quarterly dividend of $0.68. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.3%. Verizon Communications’s dividend payout ratio (DPR) is 63.17%.

About Verizon Communications

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).