Vise Technologies Inc. Acquires 64,756 Shares of Verizon Communications Inc. $VZ

Vise Technologies Inc. raised its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 53.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 186,136 shares of the cell phone carrier’s stock after acquiring an additional 64,756 shares during the period. Vise Technologies Inc.’s holdings in Verizon Communications were worth $7,581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avanza Fonder AB boosted its position in shares of Verizon Communications by 5.6% during the 4th quarter. Avanza Fonder AB now owns 331,962 shares of the cell phone carrier’s stock valued at $13,521,000 after purchasing an additional 17,495 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Verizon Communications by 14.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 379,174 shares of the cell phone carrier’s stock worth $16,665,000 after buying an additional 46,699 shares during the period. Econ Financial Services Corp raised its stake in Verizon Communications by 23.5% during the 4th quarter. Econ Financial Services Corp now owns 78,172 shares of the cell phone carrier’s stock worth $3,184,000 after buying an additional 14,862 shares during the period. Wedbush Securities Inc. raised its stake in Verizon Communications by 18.4% during the 3rd quarter. Wedbush Securities Inc. now owns 140,981 shares of the cell phone carrier’s stock worth $6,196,000 after buying an additional 21,915 shares during the period. Finally, Assetmark Inc. raised its stake in Verizon Communications by 2.8% during the 3rd quarter. Assetmark Inc. now owns 3,667,402 shares of the cell phone carrier’s stock worth $161,182,000 after buying an additional 99,400 shares during the period. Institutional investors own 62.06% of the company’s stock.

Verizon Communications Stock Performance

Shares of Verizon Communications stock opened at $45.39 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The company has a market cap of $189.53 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.24. The business has a 50 day moving average price of $47.55 and a 200-day moving average price of $45.27. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68.

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

Verizon Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

Analyst Ratings Changes

A number of research firms recently weighed in on VZ. Raymond James Financial reaffirmed an “outperform” rating and set a $56.00 price target on shares of Verizon Communications in a research note on Thursday, March 12th. Dbs Bank downgraded Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Citigroup upped their price target on Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Read Our Latest Report on VZ

Key Verizon Communications News

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

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.

Further Reading

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

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