Zions Bancorporation National Association UT Has $8.54 Million Holdings in Verizon Communications Inc. $VZ

Zions Bancorporation National Association UT boosted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 14.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 201,665 shares of the cell phone carrier’s stock after purchasing an additional 25,780 shares during the period. Verizon Communications accounts for approximately 0.5% of Zions Bancorporation National Association UT’s portfolio, making the stock its 25th largest holding. Zions Bancorporation National Association UT’s holdings in Verizon Communications were worth $8,538,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Aberdeen Group plc raised its position in shares of Verizon Communications by 6.3% in the 2nd quarter. Aberdeen Group plc now owns 5,388,656 shares of the cell phone carrier’s stock valued at $228,156,000 after buying an additional 317,549 shares in the last quarter. BCS Private Wealth Management Inc. lifted its holdings in shares of Verizon Communications by 2.7% during the 2nd quarter. BCS Private Wealth Management Inc. now owns 81,083 shares of the cell phone carrier’s stock worth $3,433,000 after acquiring an additional 2,115 shares during the period. New Republic Capital LLC boosted its position in shares of Verizon Communications by 50.5% during the 2nd quarter. New Republic Capital LLC now owns 19,501 shares of the cell phone carrier’s stock worth $826,000 after acquiring an additional 6,540 shares in the last quarter. Napier Financial LLC boosted its position in shares of Verizon Communications by 5.3% during the 2nd quarter. Napier Financial LLC now owns 8,967 shares of the cell phone carrier’s stock worth $380,000 after acquiring an additional 455 shares in the last quarter. Finally, Avail Investment Partners LLC increased its stake in Verizon Communications by 15.7% in the second quarter. Avail Investment Partners LLC now owns 10,097 shares of the cell phone carrier’s stock valued at $428,000 after acquiring an additional 1,373 shares during the last quarter. 62.06% of the stock is owned by institutional investors.

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $48.63 on Wednesday. The company has a market cap of $202.05 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.35 and a beta of 0.25. 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 50 day simple moving average of $45.41 and a 200 day simple moving average of $47.17. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68.

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

Verizon Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.7075 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.8%. Verizon Communications’s dividend payout ratio (DPR) is 73.70%.

Analyst Ratings Changes

Several brokerages have commented on VZ. Scotiabank boosted their price objective on shares of Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a research report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. Royal Bank Of Canada boosted 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. JPMorgan Chase & Co. upped their price objective on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company raised their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Nine research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $50.84.

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.