OneDigital Investment Advisors LLC Sells 12,921 Shares of Verizon Communications Inc. $VZ

OneDigital Investment Advisors LLC cut its stake in Verizon Communications Inc. (NYSE:VZ) by 13.9% during the second quarter, HoldingsChannel reports. The fund owned 80,082 shares of the cell phone carrier’s stock after selling 12,921 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Verizon Communications were worth $3,391,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VZ. Robinswood Financial LLC bought a new stake in Verizon Communications during the first quarter valued at about $27,000. Lam Group Inc. bought a new position in Verizon Communications in the first quarter worth about $28,000. Strengthening Families & Communities LLC raised its holdings in 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 purchasing an additional 539 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Verizon Communications during the fourth quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors lifted its position 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 valued at $29,000 after buying an additional 448 shares during the last quarter. 62.06% of the stock is owned by institutional investors.

Verizon Communications Stock Performance

Shares of Verizon Communications stock opened at $50.12 on Tuesday. The firm has a market capitalization of $208.24 billion, a P/E ratio of 13.05, a PEG ratio of 1.38 and a beta of 0.25. 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 company has a 50 day moving average price of $45.58 and a 200 day moving average price of $47.33. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week 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, topping the consensus estimate of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The company had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. During the same quarter in the previous year, the firm earned $1.22 EPS. Verizon Communications’s 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. Sell-side analysts expect that Verizon Communications Inc. will post 5.03 EPS for the current year.

Verizon Communications Announces Dividend

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 dividend of $0.7075 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.6%. Verizon Communications’s payout ratio is 73.70%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VZ. BNP Paribas Exane cut their price objective on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Royal Bank Of Canada raised their target price on shares of Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Morgan Stanley upped their price target 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. Finally, Wells Fargo & Company increased their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.84.

Insider Buying and Selling at Verizon Communications

In related news, CEO Kyle Malady sold 1,100 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $48.68, for a total value of $53,548.00. Following the transaction, the chief executive officer directly owned 109,866 shares of the company’s stock, valued at $5,348,276.88. This represents a 0.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is owned by company insiders.

Verizon Communications Company 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.