Verizon Communications Inc. $VZ Stock Holdings Trimmed by First National Trust Co

First National Trust Co reduced its position in Verizon Communications Inc. (NYSE:VZFree Report) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 205,857 shares of the cell phone carrier’s stock after selling 41,351 shares during the quarter. First National Trust Co’s holdings in Verizon Communications were worth $8,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC bought a new position in shares of Verizon Communications during the third quarter valued at approximately $29,000. Strengthening Families & Communities LLC grew its holdings in shares of Verizon Communications by 490.0% during the fourth 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 last quarter. Holos Integrated Wealth LLC bought a new position in shares of Verizon Communications during the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC bought a new position in shares of Verizon Communications during the fourth quarter valued at approximately $29,000. Finally, Richardson Capital Management LLC bought a new position in shares of Verizon Communications during the third quarter valued at approximately $35,000. 62.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 145,069 shares of the company’s stock, valued at $7,196,873.09. This represents a 57.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VZ shares. Weiss Ratings raised Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. William Blair raised Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. Oppenheimer upped their target price on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $56.00 target price on shares of Verizon Communications in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.59.

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Verizon Communications Stock Performance

Shares of VZ stock opened at $48.43 on Friday. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The firm has a market capitalization of $202.23 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.15 and a beta of 0.24. The business has a 50 day simple moving average of $48.16 and a 200 day simple moving average of $44.77. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61.

Verizon Communications (NYSE:VZGet Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $34.82 billion. During the same period in the prior year, the company posted $1.19 EPS. The business’s revenue for the quarter 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 4.96 EPS for the current year.

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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