KLCM Advisors Inc. Has $13.55 Million Stock Position in Verizon Communications Inc. $VZ

KLCM Advisors Inc. decreased its stake in Verizon Communications Inc. (NYSE:VZ) by 3.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 332,755 shares of the cell phone carrier’s stock after selling 11,095 shares during the quarter. Verizon Communications accounts for about 1.2% of KLCM Advisors Inc.’s investment portfolio, making the stock its 25th largest holding. KLCM Advisors Inc.’s holdings in Verizon Communications were worth $13,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strengthening Families & Communities LLC boosted its position in shares of Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 539 shares during the period. Holos Integrated Wealth LLC acquired a new position in shares of Verizon Communications in the 4th quarter valued at $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Verizon Communications in the 3rd quarter valued at $29,000. EQ Wealth Advisors LLC acquired a new position in shares of Verizon Communications in the 4th quarter valued at $29,000. Finally, Daytona Street Capital LLC acquired a new position in shares of Verizon Communications in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Stock Up 0.1%

VZ opened at $47.29 on Tuesday. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The business has a 50-day moving average of $48.73 and a 200-day moving average of $44.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The company has a market capitalization of $197.45 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.99 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share 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 company had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. During the same period last year, the business earned $1.19 EPS. The business’s quarterly revenue 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 forecast that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Insider Transactions at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the completion of the sale, the senior vice president directly owned 43,782 shares of the company’s stock, valued at $2,189,100. This trade represents a 16.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the sale, the director directly owned 145,069 shares of the company’s stock, valued at $7,196,873.09. This trade represents a 57.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VZ has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Wells Fargo & Company boosted their price objective on shares of Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. William Blair upgraded shares of Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. Oppenheimer increased their target price on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Finally, Morgan Stanley increased their target price on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Verizon Communications presently has an average rating of “Moderate Buy” and a consensus price target of $50.59.

Verizon Communications Company Profile

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.