Verizon Communications Inc. $VZ Stock Position Lifted by Capital Advisors Inc. OK

Capital Advisors Inc. OK raised its stake in Verizon Communications Inc. (NYSE:VZ) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,035,492 shares of the cell phone carrier’s stock after buying an additional 16,492 shares during the quarter. Verizon Communications accounts for about 1.3% of Capital Advisors Inc. OK’s holdings, making the stock its 22nd biggest position. Capital Advisors Inc. OK’s holdings in Verizon Communications were worth $86,183,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of VZ. Strengthening Families & Communities LLC increased its stake in shares of 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 acquiring an additional 539 shares during the last quarter. Robinswood Financial LLC purchased a new stake in shares of Verizon Communications during the first quarter worth $27,000. Lam Group Inc. acquired a new stake in Verizon Communications during the first quarter valued at $28,000. Sarver Vrooman Wealth Advisors boosted its position in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after purchasing an additional 448 shares during the last quarter. Finally, Quattro Advisors LLC purchased a new position in Verizon Communications in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Price Performance

NYSE VZ opened at $50.26 on Wednesday. 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 $46.07 and its two-hundred day moving average is $47.45. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a market cap of $208.82 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.70 and a beta of 0.26.

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

Verizon Communications Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.7075 dividend. This represents a $2.83 annualized dividend and a yield of 5.6%. The ex-dividend date was Friday, July 10th. Verizon Communications’s payout ratio is 73.70%.

Wall Street Analysts Forecast Growth

VZ has been the topic of several research reports. Morgan Stanley upped their target price on Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. BNP Paribas Exane lowered their price target on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. TD Cowen increased their price objective on Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Royal Bank Of Canada increased their price objective on Verizon Communications from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.97.

Insider Transactions at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $50.06, for a total transaction of $55,066.00. Following the completion of the sale, the chief executive officer owned 108,766 shares of the company’s stock, valued at $5,444,825.96. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by insiders.

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.