Munich Reinsurance Co Stock Corp in Munich Invests $8.85 Million in Verizon Communications Inc. $VZ

Munich Reinsurance Co Stock Corp in Munich purchased a new position in shares of Verizon Communications Inc. (NYSE:VZFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 201,412 shares of the cell phone carrier’s stock, valued at approximately $8,852,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its stake in Verizon Communications by 4.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 335,856 shares of the cell phone carrier’s stock valued at $14,761,000 after acquiring an additional 13,787 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in shares of Verizon Communications by 14.0% during the third quarter. Stratos Wealth Partners LTD. now owns 379,174 shares of the cell phone carrier’s stock worth $16,665,000 after purchasing an additional 46,699 shares during the last quarter. Wedbush Securities Inc. grew its holdings in Verizon Communications by 18.4% in the 3rd quarter. Wedbush Securities Inc. now owns 140,981 shares of the cell phone carrier’s stock valued at $6,196,000 after buying an additional 21,915 shares during the period. Assetmark Inc. increased its position in Verizon Communications by 2.8% during the third quarter. Assetmark Inc. now owns 3,667,402 shares of the cell phone carrier’s stock worth $161,182,000 after purchasing an additional 99,400 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in shares of Verizon Communications by 378.7% in the 3rd quarter. CWA Asset Management Group LLC now owns 93,732 shares of the cell phone carrier’s stock worth $4,120,000 after buying an additional 74,151 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Stock Performance

Shares of Verizon Communications stock opened at $51.17 on Friday. The stock has a market cap of $215.82 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.14 and a beta of 0.31. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.41. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The business has a fifty day simple moving average of $44.40 and a 200-day simple moving average of $42.60.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $36.38 billion for the quarter, compared to the consensus estimate of $36.20 billion. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. Verizon Communications’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. On average, sell-side analysts anticipate that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, April 10th. This is an increase from Verizon Communications’s previous quarterly dividend of $0.69. Verizon Communications’s dividend payout ratio is currently 68.15%.

Wall Street Analysts Forecast Growth

VZ has been the topic of a number of research reports. Scotiabank raised their target price on shares of Verizon Communications from $48.00 to $50.25 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Morgan Stanley lifted their price target on shares of Verizon Communications from $47.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Williams Trading set a $54.00 price objective on Verizon Communications in a research note on Monday, February 2nd. JPMorgan Chase & Co. raised their price target on shares of Verizon Communications from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on Verizon Communications from $41.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.02.

Read Our Latest Research Report on VZ

More Verizon Communications News

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

Insider Buying and Selling

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, the senior vice president directly owned 43,782 shares in the company, valued at approximately $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joseph J. Russo sold 9,579 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $44.88, for a total transaction of $429,905.52. Following the transaction, the executive vice president directly owned 44,045 shares of the company’s stock, valued at $1,976,739.60. The trade was a 17.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 218,148 shares of company stock valued at $10,780,356 over the last three months. 0.10% of the stock is owned by corporate insiders.

Verizon Communications Company 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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