HF Advisory Group LLC Grows Stock Position in Verizon Communications Inc. $VZ

HF Advisory Group LLC boosted its holdings in Verizon Communications Inc. (NYSE:VZFree Report) by 54.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 165,908 shares of the cell phone carrier’s stock after acquiring an additional 58,725 shares during the period. HF Advisory Group LLC’s holdings in Verizon Communications were worth $6,757,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VZ. TruNorth Capital Management LLC grew its position in shares of Verizon Communications by 95.3% in the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock valued at $27,000 after purchasing an additional 305 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Verizon Communications during the 3rd quarter worth approximately $29,000. Global Wealth Strategies & Associates lifted its stake in Verizon Communications by 739.5% in the 3rd quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier’s stock valued at $30,000 after buying an additional 599 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in Verizon Communications in the 4th quarter valued at approximately $28,000. Finally, Silicon Valley Capital Partners grew its holdings in Verizon Communications by 52.4% during the 2nd quarter. Silicon Valley Capital Partners now owns 782 shares of the cell phone carrier’s stock valued at $34,000 after buying an additional 269 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Stock Performance

NYSE VZ opened at $49.39 on Thursday. The business’s 50-day moving average price is $48.16 and its 200 day moving average price is $43.40. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The company has a market capitalization of $208.32 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 2.10 and a beta of 0.29.

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

Verizon Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be paid a dividend of $0.7075 per share. This is an increase from Verizon Communications’s previous quarterly dividend of $0.69. This represents a $2.83 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, April 10th. Verizon Communications’s payout ratio is 68.15%.

Insiders Place Their Bets

In other news, Director Hans Erik Vestberg sold 200,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the completion of the sale, the director directly owned 145,069 shares in the company, valued at $7,196,873.09. This represents a 57.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Joseph J. Russo sold 9,579 shares of Verizon Communications stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $44.88, for a total value of $429,905.52. Following the completion of the transaction, the executive vice president owned 44,045 shares in the company, valued at $1,976,739.60. The trade was a 17.86% decrease in their position. 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 quarter. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VZ. JPMorgan Chase & Co. raised their price target on Verizon Communications from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Citigroup upped their target price on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 20th. 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 report on Monday, February 2nd. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Finally, Williams Trading set a $54.00 price objective on shares of Verizon Communications in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Verizon Communications currently has an average rating of “Moderate Buy” and an average target price of $50.56.

Check Out Our Latest Analysis on Verizon Communications

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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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