Kelleher Financial Advisors Acquires 11,403 Shares of Verizon Communications Inc. $VZ

Kelleher Financial Advisors grew its stake in Verizon Communications Inc. (NYSE:VZ) by 43.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 37,493 shares of the cell phone carrier’s stock after acquiring an additional 11,403 shares during the quarter. Kelleher Financial Advisors’ holdings in Verizon Communications were worth $1,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robinswood Financial LLC acquired a new stake in shares of Verizon Communications in the 1st quarter valued at $27,000. Lam Group Inc. bought a new position in Verizon Communications during the 1st quarter valued at about $28,000. Strengthening Families & Communities LLC grew its stake in Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 539 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Verizon Communications during the fourth quarter worth approximately $29,000. Finally, Sarver Vrooman Wealth Advisors grew its position in Verizon Communications by 173.0% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after acquiring an additional 448 shares during the last quarter. Institutional investors own 62.06% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on VZ. Freedom Capital upgraded Verizon Communications to a “hold” rating in a report on Friday, June 12th. TD Cowen lifted their price target on shares of Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Morgan Stanley increased their price objective on shares of Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Wells Fargo & Company lifted their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.84.

Insider Activity

In related news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $48.68, for a total value of $53,548.00. Following the sale, the chief executive officer owned 109,866 shares of the company’s stock, valued at approximately $5,348,276.88. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications Stock Performance

Shares of VZ stock opened at $49.34 on Monday. The company’s fifty day simple moving average is $45.52 and its 200-day simple moving average is $47.30. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. The firm has a market cap of $205.00 billion, a PE ratio of 12.85, a P/E/G ratio of 1.38 and a beta of 0.25. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68.

Verizon Communications (NYSE:VZ) last released its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The business had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. During the same quarter last year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Equities research analysts expect that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.7075 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.7%. Verizon Communications’s dividend payout ratio (DPR) is presently 73.70%.

Verizon Communications Profile

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.