14,200 Shares in Verizon Communications Inc. $VZ Bought by SBI Okasan Asset Management Co.Ltd.

SBI Okasan Asset Management Co.Ltd. purchased a new position in Verizon Communications Inc. (NYSE:VZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,200 shares of the cell phone carrier’s stock, valued at approximately $575,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VZ. Strengthening Families & Communities LLC increased its holdings in Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 539 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in Verizon Communications in the 4th quarter worth $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Verizon Communications in the 3rd quarter worth $29,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications in the 4th quarter worth $29,000. Finally, Daytona Street Capital LLC purchased a new stake in Verizon Communications in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Price Performance

Verizon Communications stock opened at $47.84 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a fifty day simple moving average of $47.93 and a 200-day simple moving average of $45.07. The firm has a market capitalization of $199.78 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.15 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Verizon Communications’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. On average, equities analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Insider Activity

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the sale, the senior vice president owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on VZ shares. Oppenheimer boosted their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. upped their target price on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Barclays upped their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. 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 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 stock. According to data from MarketBeat.com, Verizon Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

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.