Verizon Communications Inc. $VZ Shares Acquired by Inlight Wealth Management LLC

Inlight Wealth Management LLC boosted its stake in Verizon Communications Inc. (NYSE:VZ) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,301 shares of the cell phone carrier’s stock after acquiring an additional 417 shares during the period. Verizon Communications accounts for about 1.1% of Inlight Wealth Management LLC’s holdings, making the stock its 21st biggest position. Inlight Wealth Management LLC’s holdings in Verizon Communications were worth $4,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VZ. Belpointe Asset Management LLC lifted its position in Verizon Communications by 1.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 92,285 shares of the cell phone carrier’s stock worth $3,993,000 after acquiring an additional 1,714 shares during the period. MAS Advisors LLC raised its stake in shares of Verizon Communications by 4.4% during the second quarter. MAS Advisors LLC now owns 9,423 shares of the cell phone carrier’s stock worth $408,000 after purchasing an additional 395 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Verizon Communications by 1.7% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 22,399 shares of the cell phone carrier’s stock worth $969,000 after purchasing an additional 378 shares during the last quarter. Valley National Advisers Inc. lifted its holdings in shares of Verizon Communications by 16.0% during the second quarter. Valley National Advisers Inc. now owns 23,964 shares of the cell phone carrier’s stock worth $1,036,000 after purchasing an additional 3,305 shares during the period. Finally, Valeo Financial Advisors LLC grew its position in Verizon Communications by 1,025.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,246,329 shares of the cell phone carrier’s stock valued at $53,929,000 after buying an additional 1,135,562 shares during the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications Stock Up 0.6%

VZ stock opened at $43.68 on Monday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.64 and a quick ratio of 0.60. The company’s 50 day simple moving average is $43.65 and its 200-day simple moving average is $43.35. Verizon Communications Inc. has a 12 month low of $37.58 and a 12 month high of $47.35. The firm has a market capitalization of $184.17 billion, a PE ratio of 10.18, a P/E/G ratio of 3.37 and a beta of 0.37.

Verizon Communications (NYSE:VZ) last posted 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 net margin of 13.28% and a return on equity of 19.61%. The business had revenue of $34.50 billion during the quarter, compared to analyst estimates of $33.47 billion. During the same quarter in the previous year, the business posted $1.15 earnings per share. The company’s 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. Equities analysts expect that Verizon Communications Inc. will post 4.69 earnings per share 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 paid a dividend of $0.69 per share. 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%. The ex-dividend date is Friday, October 10th. Verizon Communications’s payout ratio is presently 63.17%.

Analyst Ratings Changes

A number of equities analysts have commented on VZ shares. Royal Bank Of Canada upped their price objective on shares of Verizon Communications from $45.00 to $46.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 22nd. Arete Research raised shares of Verizon Communications to a “strong-buy” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price objective on Verizon Communications from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Wells Fargo & Company increased their target price on Verizon Communications from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Finally, Morgan Stanley raised their price target on Verizon Communications from $47.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, July 22nd. Three research 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 stock. According to MarketBeat, Verizon Communications has a consensus rating of “Moderate Buy” and a consensus target price 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).