O Domhnaill Enterprises Inc. Sells 46,989 Shares of Verizon Communications Inc. $VZ

O Domhnaill Enterprises Inc. lowered its stake in Verizon Communications Inc. (NYSE:VZ) by 91.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,280 shares of the cell phone carrier’s stock after selling 46,989 shares during the period. O Domhnaill Enterprises Inc.’s holdings in Verizon Communications were worth $215,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Verizon Communications by 61.2% in the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after purchasing an additional 16,704 shares during the period. United Bank grew its stake in Verizon Communications by 11.5% in the second quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock worth $339,000 after purchasing an additional 806 shares during the period. Jump Financial LLC raised its holdings in Verizon Communications by 312.0% in the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock worth $1,023,000 after purchasing an additional 17,901 shares in the last quarter. HUB Investment Partners LLC lifted its position in Verizon Communications by 17.2% during the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock valued at $1,779,000 after buying an additional 6,034 shares during the period. Finally, Vivaldi Capital Management LP boosted its holdings in shares of Verizon Communications by 5.2% during the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock valued at $389,000 after buying an additional 443 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VZ. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $50.25 to $54.50 in a research report on Monday, March 9th. JPMorgan Chase & Co. lifted their target price on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Dbs Bank cut Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wells Fargo & Company raised their price objective on Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Freedom Capital raised Verizon Communications to a “hold” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Verizon Communications presently has an average rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Stock Performance

Shares of NYSE VZ traded up $1.01 during midday trading on Tuesday, hitting $43.08. 12,512,242 shares of the company’s stock traded hands, compared to its average volume of 29,359,867. The firm has a fifty day moving average of $46.56 and a 200 day moving average of $45.95. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The stock has a market capitalization of $179.90 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 1.04 and a beta of 0.26.

Verizon Communications (NYSE:VZ) last posted 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 net margin of 12.46% and a return on equity of 19.25%. The company had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter last year, the firm posted $1.19 earnings per share. The firm’s revenue 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, analysts forecast that Verizon Communications Inc. will post 4.98 earnings per share for the current year.

Verizon Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.6%. Verizon Communications’s payout ratio is presently 69.02%.

Verizon Communications 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.