Vaughan David Investments LLC IL Grows Position in Verizon Communications Inc. $VZ

Vaughan David Investments LLC IL grew its position in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 2.0% in the fourth quarter, Holdings Channel reports. The fund owned 1,017,046 shares of the cell phone carrier’s stock after buying an additional 19,625 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Verizon Communications were worth $41,424,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC bought a new position in shares of Verizon Communications during the 3rd quarter valued at approximately $29,000. Strengthening Families & Communities LLC raised its holdings in Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares during the period. Holos Integrated Wealth LLC purchased a new stake in Verizon Communications during the 4th quarter valued at $28,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications during the 4th quarter valued at $29,000. Finally, Sarver Vrooman Wealth Advisors raised its holdings in Verizon Communications by 173.0% during the 4th 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 period. 62.06% of the stock is currently owned by institutional investors.

Key Headlines Impacting Verizon Communications

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VZ. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Raymond James Financial restated an “outperform” rating and set a $56.00 price target on shares of Verizon Communications in a report on Thursday, March 12th. Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Finally, Oppenheimer upped their price objective on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Verizon Communications presently has an average rating of “Moderate Buy” and an average target price of $50.59.

Check Out Our Latest Research Report on VZ

Verizon Communications Price Performance

VZ opened at $47.04 on Friday. 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 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $45.45. The company has a market capitalization of $196.43 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.15 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The business had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the prior year, the company earned $1.19 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities research analysts anticipate that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.0%. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

About Verizon Communications

(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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