Verizon Communications Inc. $VZ Shares Bought by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. grew its stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 147,000 shares of the cell phone carrier’s stock after acquiring an additional 15,000 shares during the period. Inspire Trust Co. N.A.’s holdings in Verizon Communications were worth $5,987,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of VZ. State Street Corp lifted its position in shares of Verizon Communications by 3.5% during the 3rd quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock valued at $9,470,788,000 after acquiring an additional 7,276,809 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Verizon Communications by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock valued at $15,453,058,000 after acquiring an additional 5,497,598 shares during the last quarter. Capital World Investors lifted its position in shares of Verizon Communications by 51.1% during the 3rd quarter. Capital World Investors now owns 14,512,228 shares of the cell phone carrier’s stock valued at $637,812,000 after acquiring an additional 4,905,101 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Verizon Communications during the 3rd quarter valued at $161,346,000. Finally, AQR Capital Management LLC lifted its position in shares of Verizon Communications by 50.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,848,766 shares of the cell phone carrier’s stock valued at $385,983,000 after acquiring an additional 2,965,033 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Insider Buying and Selling at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the transaction, the senior vice president directly owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Verizon Communications Price Performance

VZ opened at $48.03 on Friday. The stock has a fifty day moving average of $47.96 and a 200-day moving average of $45.05. The firm has a market capitalization of $200.56 billion, a P/E ratio of 11.71, a PEG ratio of 1.15 and a beta of 0.24. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VZ shares. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. William Blair upgraded Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Oppenheimer increased their target price on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings upgraded Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.59.

Read Our Latest Stock Analysis on VZ

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Verizon Communications 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.

See Also

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

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