Corps Capital Advisors LLC Increases Stake in Verizon Communications Inc. $VZ

Corps Capital Advisors LLC increased its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 79.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,707 shares of the cell phone carrier’s stock after buying an additional 10,940 shares during the period. Verizon Communications comprises 1.0% of Corps Capital Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Corps Capital Advisors LLC’s holdings in Verizon Communications were worth $1,006,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VZ. Strengthening Families & Communities LLC increased its stake in Verizon Communications by 490.0% during the 4th 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 period. Holos Integrated Wealth LLC purchased a new stake in shares of Verizon Communications in the 4th quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Verizon Communications in the 3rd quarter valued at approximately $29,000. EQ Wealth Advisors LLC purchased a new stake in shares of Verizon Communications in the 4th quarter valued at approximately $29,000. Finally, Sarver Vrooman Wealth Advisors increased its position in shares of Verizon Communications by 173.0% in the 4th 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. 62.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications Trading Up 2.5%

NYSE VZ opened at $48.10 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The firm’s fifty day moving average price is $47.20 and its 200 day moving average price is $45.47. The company has a market capitalization of $200.85 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth 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.

Verizon Communications (NYSE:VZGet Free Report) last posted its earnings results 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. The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, sell-side analysts expect that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is 69.02%.

Verizon Communications News Roundup

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

Analysts Set New Price Targets

A number of equities research analysts have commented on VZ shares. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Wells Fargo & Company increased their price objective on shares of Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Morgan Stanley increased their price objective on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Oppenheimer increased their price objective on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Finally, Barclays increased their price objective on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Verizon Communications presently has an average rating of “Moderate Buy” and an average target price of $50.59.

Get Our Latest Stock Analysis 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.

See Also

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

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