Total Clarity Wealth Management Inc. Purchases 17,575 Shares of Verizon Communications Inc. $VZ

Total Clarity Wealth Management Inc. boosted its position in Verizon Communications Inc. (NYSE:VZFree Report) by 35.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,541 shares of the cell phone carrier’s stock after buying an additional 17,575 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Verizon Communications were worth $2,751,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in VZ. Brighton Jones LLC boosted its stake in Verizon Communications by 61.2% during the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after purchasing an additional 16,704 shares during the last quarter. United Bank boosted its stake in Verizon Communications by 11.5% during the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after purchasing an additional 806 shares during the last quarter. Jump Financial LLC boosted its stake in Verizon Communications by 312.0% during the 2nd quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock valued at $1,023,000 after purchasing an additional 17,901 shares during the last quarter. HUB Investment Partners LLC boosted its stake in Verizon Communications by 17.2% during the 2nd quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock valued at $1,779,000 after purchasing an additional 6,034 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its stake in Verizon Communications by 5.2% during the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock valued at $389,000 after purchasing an additional 443 shares during the last quarter. 62.06% of the stock is owned by institutional investors.

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Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the completion of the sale, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Joseph J. Russo sold 9,579 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $44.88, for a total transaction of $429,905.52. Following the sale, the executive vice president owned 44,045 shares of the company’s stock, valued at approximately $1,976,739.60. The trade was a 17.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 218,148 shares of company stock worth $10,780,356 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VZ shares. William Blair upgraded Verizon Communications to an “outperform” rating in a research note on Monday, February 2nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $48.00 price target on shares of Verizon Communications in a research note on Monday, February 2nd. Erste Group Bank upgraded Verizon Communications from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $50.25 to $54.50 in a research note on Monday, March 9th. Finally, Raymond James Financial restated an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

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Verizon Communications Trading Up 3.0%

Verizon Communications stock opened at $48.01 on Friday. The stock has a market cap of $200.69 billion, a P/E ratio of 11.71, a PEG ratio of 0.98 and a beta of 0.29. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The firm’s fifty day moving average price is $48.94 and its 200-day moving average price is $44.00. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.87 and a current ratio of 0.64.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts forecast that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

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.

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

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