NBH Bank Purchases Shares of 10,214 Verizon Communications Inc. $VZ

NBH Bank acquired a new stake in Verizon Communications Inc. (NYSE:VZ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,214 shares of the cell phone carrier’s stock, valued at approximately $432,000.

Several other large investors also recently modified their holdings of the stock. Strengthening Families & Communities LLC lifted its position 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 acquiring an additional 539 shares during the last quarter. Gill Capital Partners LLC boosted its holdings in shares of Verizon Communications by 74.6% during the second quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 265 shares during the period. Robinswood Financial LLC acquired a new position in shares of Verizon Communications in the first quarter valued at approximately $27,000. Lam Group Inc. acquired a new position in shares of Verizon Communications in the first quarter valued at approximately $28,000. Finally, Sarver Vrooman Wealth Advisors increased its stake in shares of Verizon Communications by 173.0% during 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 owned by institutional investors.

Insider Buying and Selling at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $50.50, for a total transaction of $55,550.00. Following the sale, the chief executive officer directly owned 107,666 shares of the company’s stock, valued at approximately $5,437,133. This represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,300 shares of company stock worth $164,164. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications Trading Down 0.9%

Shares of VZ stock opened at $50.15 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The stock has a market cap of $208.36 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.70 and a beta of 0.26. The stock has a 50 day simple moving average of $46.32 and a 200 day simple moving average of $47.48. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68.

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

Analysts Set New Price Targets

Several research firms recently weighed in on VZ. Royal Bank Of Canada lifted their price target on Verizon Communications from $46.00 to $47.00 and gave the stock a “sector perform” rating in a report on Monday, July 27th. Morgan Stanley increased their price objective 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. Scotiabank lifted their target price on Verizon Communications from $51.50 to $52.50 and gave the stock a “sector outperform” rating in a report on Monday, July 27th. Wells Fargo & Company boosted their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Finally, Freedom Capital upgraded shares of Verizon Communications to a “hold” rating in a research note on Friday, June 12th. Eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Verizon Communications presently has an average rating of “Hold” and a consensus target price of $50.97.

About Verizon Communications

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.