Winthrop Advisory Group LLC Buys 268 Shares of Verizon Communications Inc. $VZ

Winthrop Advisory Group LLC raised its stake in Verizon Communications Inc. (NYSE:VZ) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,296 shares of the cell phone carrier’s stock after acquiring an additional 268 shares during the period. Winthrop Advisory Group LLC’s holdings in Verizon Communications were worth $272,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Bernard Wealth Management Corp. increased its stake in Verizon Communications by 81.0% in the 1st quarter. Bernard Wealth Management Corp. now owns 543 shares of the cell phone carrier’s stock worth $25,000 after acquiring an additional 243 shares during the last quarter. Bulwark Capital Corp bought a new stake in Verizon Communications in the second quarter worth $25,000. Cherry Tree Wealth Management LLC increased its position in Verizon Communications by 71.8% in the first quarter. Cherry Tree Wealth Management LLC now owns 584 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 244 shares during the last quarter. Garde Capital Inc. bought a new stake in Verizon Communications in the first quarter worth $26,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Verizon Communications in the 1st quarter worth about $29,000. 62.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VZ has been the topic of several analyst reports. Arete Research raised Verizon Communications to a “strong-buy” rating in a research note on Tuesday, July 8th. Bank of America boosted their price objective on Verizon Communications from $45.00 to $49.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Verizon Communications in a research report on Saturday, September 27th. Morgan Stanley raised their price target on Verizon Communications from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. Finally, Scotiabank boosted their price objective on shares of Verizon Communications from $50.00 to $50.50 and gave the company a “sector perform” rating in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Verizon Communications has an average rating of “Moderate Buy” and a consensus target price of $47.63.

Verizon Communications Trading Down 0.0%

VZ opened at $41.44 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.60 and a current ratio of 0.64. The stock’s 50 day moving average price is $43.60 and its 200-day moving average price is $43.32. Verizon Communications Inc. has a one year low of $37.58 and a one year high of $47.35. The stock has a market cap of $174.70 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 3.20 and a beta of 0.37.

Verizon Communications (NYSE:VZ) last released 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. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The business had revenue of $34.50 billion for the quarter, compared to analyst estimates of $33.47 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. On average, equities analysts forecast that Verizon Communications Inc. will post 4.69 EPS for the current year.

Verizon Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.69 dividend. The ex-dividend date 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 6.7%. Verizon Communications’s dividend payout ratio (DPR) is currently 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).