Verizon Communications Inc. $VZ Position Boosted by Americana Partners LLC

Americana Partners LLC lifted its stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 406,432 shares of the cell phone carrier’s stock after purchasing an additional 31,527 shares during the period. Americana Partners LLC’s holdings in Verizon Communications were worth $16,554,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of VZ. Vanguard Group Inc. lifted its holdings in Verizon Communications by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock worth $15,453,058,000 after acquiring an additional 5,497,598 shares during the last quarter. State Street Corp lifted its holdings in Verizon Communications by 3.5% in the third quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock worth $9,470,788,000 after acquiring an additional 7,276,809 shares during the last quarter. Northern Trust Corp lifted its holdings in Verizon Communications by 1.2% in the third quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock worth $1,989,427,000 after acquiring an additional 557,576 shares during the last quarter. Legal & General Group Plc lifted its holdings in Verizon Communications by 4.5% in the third quarter. Legal & General Group Plc now owns 28,188,066 shares of the cell phone carrier’s stock worth $1,238,866,000 after acquiring an additional 1,203,445 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Verizon Communications by 2.9% in the third quarter. Invesco Ltd. now owns 22,592,460 shares of the cell phone carrier’s stock worth $992,939,000 after acquiring an additional 646,537 shares during the last quarter. Institutional investors own 62.06% of the company’s stock.

More Verizon Communications News

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

Verizon Communications Trading Up 0.3%

NYSE:VZ opened at $48.43 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The stock’s 50-day moving average is $48.16 and its two-hundred day moving average is $44.77. The stock has a market cap of $202.23 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.15 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same period in the previous year, the company posted $1.19 EPS. Verizon Communications’s revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities research analysts forecast that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Insider Buying and Selling at Verizon Communications

In other news, Director Hans Erik Vestberg sold 200,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the transaction, the director directly owned 145,069 shares in the company, valued at $7,196,873.09. The trade was a 57.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the transaction, the senior vice president owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. William Blair raised Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. Evercore lifted their price target on Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Dbs Bank cut Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Check Out Our Latest Report on Verizon Communications

Verizon Communications Company Profile

(Free Report)

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.

Featured Articles

Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZFree Report).

Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

Receive News & Ratings for Verizon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications and related companies with MarketBeat.com's FREE daily email newsletter.