Silvia Mccoll Wealth Management LLC Has $543,000 Holdings in Verizon Communications Inc. $VZ

Silvia Mccoll Wealth Management LLC increased its holdings in Verizon Communications Inc. (NYSE:VZ) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,553 shares of the cell phone carrier’s stock after buying an additional 550 shares during the period. Silvia Mccoll Wealth Management LLC’s holdings in Verizon Communications were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VZ. Brighton Jones LLC raised its position in shares of Verizon Communications by 61.2% in the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after buying an additional 16,704 shares in the last quarter. Naples Global Advisors LLC raised its position in shares of Verizon Communications by 12.5% in the first 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 in the last quarter. Vest Financial LLC raised its position in shares of Verizon Communications by 61.0% in the first quarter. Vest Financial LLC now owns 112,592 shares of the cell phone carrier’s stock valued at $5,107,000 after buying an additional 42,645 shares in the last quarter. Foster Group Inc. acquired a new stake in shares of Verizon Communications in the first quarter valued at approximately $254,000. Finally, Procyon Advisors LLC raised its position in shares of Verizon Communications by 55.6% in the first 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 in the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications Stock Performance

NYSE VZ opened at $43.68 on Friday. The firm’s fifty day moving average price is $43.65 and its two-hundred day moving average price is $43.35. The stock has a market cap of $184.17 billion, a PE ratio of 10.18, a PEG ratio of 3.37 and a beta of 0.37. Verizon Communications Inc. has a fifty-two week low of $37.58 and a fifty-two week 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 posted its earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The firm had revenue of $34.50 billion for the quarter, compared to analysts’ expectations of $33.47 billion. Verizon Communications had a net margin of 13.28% and a return on equity of 19.61%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. On average, equities analysts expect that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be paid a $0.69 dividend. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.68. This represents a $2.76 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, October 10th. Verizon Communications’s payout ratio is presently 63.17%.

Analyst Upgrades and Downgrades

Several brokerages have commented on VZ. Bank of America boosted their price objective on shares of Verizon Communications from $45.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Verizon Communications from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Royal Bank Of Canada boosted their price objective on shares of Verizon Communications from $45.00 to $46.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group began coverage on shares of Verizon Communications in a research report on Tuesday, September 2nd. They set a “buy” rating and a $49.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of Verizon Communications from $47.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.53.

Verizon Communications Company Profile

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).