Entropy Technologies LP Takes Position in Verizon Communications Inc. $VZ

Entropy Technologies LP bought a new position in shares of Verizon Communications Inc. (NYSE:VZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,655 shares of the cell phone carrier’s stock, valued at approximately $2,104,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Life Insurance Co. increased its position in Verizon Communications by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier’s stock worth $1,426,000 after buying an additional 227 shares during the period. Blake Schutter Theil Wealth Advisors LLC grew its stake in shares of Verizon Communications by 3.8% in the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock worth $257,000 after acquiring an additional 233 shares during the last quarter. Triton Wealth Management PLLC increased its position in Verizon Communications by 2.6% during the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock worth $377,000 after acquiring an additional 234 shares during the period. Clearstead Trust LLC increased its position in Verizon Communications by 2.5% during the fourth quarter. Clearstead Trust LLC now owns 9,788 shares of the cell phone carrier’s stock worth $399,000 after acquiring an additional 240 shares during the period. Finally, CWS Financial Advisors LLC raised its stake in Verizon Communications by 1.7% during the 4th quarter. CWS Financial Advisors LLC now owns 14,891 shares of the cell phone carrier’s stock valued at $607,000 after purchasing an additional 246 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VZ has been the topic of several research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $56.00 price target on shares of Verizon Communications in a research report on Thursday, March 12th. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Citigroup increased their target price on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Dbs Bank downgraded Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Morgan Stanley boosted their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.59.

Verizon Communications Price Performance

Verizon Communications stock opened at $47.11 on Tuesday. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $196.73 billion, a P/E ratio of 11.49, a PEG ratio of 1.17 and a beta of 0.24. The business has a 50-day moving average of $47.15 and a 200-day moving average of $45.55.

Verizon Communications (NYSE:VZ) last announced 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. The company had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.19 earnings per share. 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 4.97 EPS for the current year.

Verizon Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

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.