Turtle Creek Wealth Advisors LLC Boosts Stock Holdings in Verizon Communications Inc. $VZ

Turtle Creek Wealth Advisors LLC grew its holdings in Verizon Communications Inc. (NYSE:VZ) by 82.2% in the 1st quarter, HoldingsChannel reports. The firm owned 26,327 shares of the cell phone carrier’s stock after buying an additional 11,875 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Verizon Communications were worth $1,322,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in Verizon Communications by 61.2% in the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock worth $1,759,000 after buying an additional 16,704 shares in the last quarter. United Bank boosted its position 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 acquiring an additional 806 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Verizon Communications by 312.0% in the 2nd quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock valued at $1,023,000 after acquiring an additional 17,901 shares during the period. HUB Investment Partners LLC increased its holdings in shares of Verizon Communications by 17.2% in 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 acquiring an additional 6,034 shares during the period. Finally, Vivaldi Capital Management LP raised its position in shares of Verizon Communications by 5.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock worth $389,000 after acquiring an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VZ shares. Wells Fargo & Company upped their price objective on Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $50.25 to $54.50 in a research note on Monday, March 9th. Raymond James Financial reissued an “outperform” rating and set a $56.00 price target on shares of Verizon Communications in a research report on Thursday, March 12th. Freedom Capital upgraded shares of Verizon Communications to a “hold” rating in a report on Friday, June 12th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Stock Performance

Shares of VZ opened at $42.57 on Friday. 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 firm has a market cap of $177.77 billion, a PE ratio of 10.38, a P/E/G ratio of 1.02 and a beta of 0.26. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The stock has a fifty day moving average price of $46.63 and a 200-day moving average price of $45.93.

Verizon Communications (NYSE:VZ) last announced its 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. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. During the same period in the previous year, the business earned $1.19 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts predict that Verizon Communications Inc. will post 4.98 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a $0.7075 dividend. This represents a $2.83 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is currently 69.02%.

Verizon Communications News Roundup

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

• Positive Sentiment: Verizon announced a new $4 billion joint venture with BT to expand global connectivity services for enterprise customers, giving it exposure to cloud, AI, and compliance-related demand across more than 180 countries. Verizon Forms $4 Billion BT Venture For Global Enterprise Customers
• Positive Sentiment: Analysts expect Verizon’s upcoming second-quarter earnings report to show a single-digit increase in profit, which supports the case that the company’s core business remains stable and profitable. What to Expect From Verizon Communications’ Next Quarterly Earnings Report
• Positive Sentiment: Verizon continues to appeal to income investors because of its long dividend-growth record, with 19 straight years of dividend increases reinforcing its defensive, high-yield profile. Better High-Yield Dividend Stock: Verizon or AT&T?
• Neutral Sentiment: Verizon was recently dropped from the Dow Jones Industrial Average and replaced by Alphabet, a headline that may affect sentiment but does not directly change the company’s underlying operations. Better High-Yield Dividend Stock: Verizon or AT&T?
• Neutral Sentiment: Industry coverage on Starlink and SpaceX is keeping investors focused on longer-term wireless competition, but those threats still face major capacity and infrastructure hurdles before they materially challenge Verizon’s core network business. Starlink Dominates Internet From Space. Can It Disrupt AT&T and Verizon on the Ground?
• Negative Sentiment: Verizon warned that ongoing transformation efforts will create Q2 charges, including $350 million to $450 million in severance costs and $200 million to $300 million in asset-rationalization charges, which could pressure reported results. Verizon Sees Severance Charge from Headcount Reductions
• Negative Sentiment: Some recent commentary says Verizon looks inexpensive but still faces weak execution and competitive pressure, suggesting investors are not fully convinced the recent weakness is a buying opportunity yet. Verizon Stock Looks Cheap On Earnings But Weak On Execution

About Verizon Communications

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.