Verizon Communications Inc. $VZ Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its position in Verizon Communications Inc. (NYSE:VZFree Report) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 402,587 shares of the cell phone carrier’s stock after selling 60,834 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Verizon Communications were worth $16,397,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VZ. Strengthening Families & Communities LLC lifted its position in Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares during the period. Holos Integrated Wealth LLC acquired a new stake in Verizon Communications in the fourth quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Verizon Communications in the third quarter worth approximately $29,000. EQ Wealth Advisors LLC acquired a new stake in Verizon Communications in the fourth quarter worth approximately $29,000. Finally, Sarver Vrooman Wealth Advisors lifted its position in Verizon Communications by 173.0% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after purchasing an additional 448 shares during the period. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications News Roundup

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

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $48.10 on Monday. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The stock has a fifty day moving average of $47.20 and a 200-day moving average of $45.50. The company has a market capitalization of $200.85 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.17 and a beta of 0.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64.

Verizon Communications (NYSE:VZGet Free Report) last announced its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities analysts anticipate that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s payout ratio is 69.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VZ shares. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. Citigroup increased their price objective on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Barclays increased their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Morgan Stanley increased their price objective on Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company increased their price objective on Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Verizon Communications currently has an average rating of “Moderate Buy” and a consensus target price of $50.59.

View Our Latest Report on VZ

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.

Further Reading

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

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