Verizon Communications Inc. $VZ Shares Bought by Trivium Point Advisory LLC

Trivium Point Advisory LLC raised its stake in Verizon Communications Inc. (NYSE:VZ) by 81.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,208 shares of the cell phone carrier’s stock after purchasing an additional 26,154 shares during the quarter. Trivium Point Advisory LLC’s holdings in Verizon Communications were worth $2,465,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. USS Investment Management Ltd boosted its holdings in shares of Verizon Communications by 4.6% in the first quarter. USS Investment Management Ltd now owns 713,156 shares of the cell phone carrier’s stock valued at $35,790,000 after acquiring an additional 31,354 shares in the last quarter. Cornerstone Capital Inc. raised its holdings in Verizon Communications by 8.6% during the second quarter. Cornerstone Capital Inc. now owns 317,284 shares of the cell phone carrier’s stock worth $13,434,000 after purchasing an additional 25,156 shares in the last quarter. Cibc World Market Inc. lifted its position in Verizon Communications by 15.3% in the fourth quarter. Cibc World Market Inc. now owns 2,382,975 shares of the cell phone carrier’s stock valued at $97,059,000 after purchasing an additional 316,854 shares during the period. University of Texas Texas AM Investment Management Co. lifted its position in Verizon Communications by 127.0% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 184,170 shares of the cell phone carrier’s stock valued at $7,798,000 after purchasing an additional 103,046 shares during the period. Finally, Keudell Morrison Wealth Management purchased a new stake in Verizon Communications in the 4th quarter valued at approximately $2,171,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Price Performance

VZ stock opened at $50.12 on Tuesday. The firm has a 50 day moving average of $45.58 and a 200-day moving average of $47.33. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. 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 company has a market cap of $208.24 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.38 and a beta of 0.25.

Verizon Communications (NYSE:VZ) last released its quarterly 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. 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 analysts’ expectations of $35.16 billion. During the same quarter in the prior year, the firm posted $1.22 EPS. The company’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. As a group, equities analysts expect that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

Verizon Communications Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Kyle Malady sold 1,100 shares of the firm’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 completion of the transaction, the chief executive officer owned 109,866 shares in the company, valued at $5,348,276.88. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on VZ. Freedom Capital upgraded Verizon Communications to a “hold” rating in a research report on Friday, June 12th. Scotiabank lifted their price target on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” 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. Wells Fargo & Company raised their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Finally, TD Cowen boosted their target price on shares of Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $50.84.

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.