LM Advisors LLC Purchases 22,700 Shares of Verizon Communications Inc. $VZ

LM Advisors LLC grew its position in shares of Verizon Communications Inc. (NYSE:VZ) by 1,871.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 23,913 shares of the cell phone carrier’s stock after purchasing an additional 22,700 shares during the period. LM Advisors LLC’s holdings in Verizon Communications were worth $1,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in VZ. First Nebraska Trust Co raised its holdings in Verizon Communications by 4.5% in the 2nd quarter. First Nebraska Trust Co now owns 20,194 shares of the cell phone carrier’s stock worth $855,000 after acquiring an additional 873 shares during the last quarter. Compass Financial Management LLC purchased a new stake in Verizon Communications during the 2nd quarter valued at $1,484,000. Elevation Point Wealth Partners LLC boosted its stake in Verizon Communications by 37.6% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 179,369 shares of the cell phone carrier’s stock valued at $7,594,000 after purchasing an additional 48,982 shares during the last quarter. Daiichi Life Insurance Co. Ltd. increased its holdings in shares of Verizon Communications by 7.4% in the 2nd quarter. Daiichi Life Insurance Co. Ltd. now owns 453,618 shares of the cell phone carrier’s stock worth $19,206,000 after purchasing an additional 31,327 shares in the last quarter. Finally, CFO4Life Group LLC increased its holdings in shares of Verizon Communications by 13.9% in the 2nd quarter. CFO4Life Group LLC now owns 11,059 shares of the cell phone carrier’s stock worth $468,000 after purchasing an additional 1,350 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.

Analysts Set New Price Targets

VZ has been the topic of a number of research analyst reports. TD Cowen upped their price target on Verizon Communications from $54.00 to $56.00 and gave the company a “buy” rating in a report on Monday, July 27th. Royal Bank Of Canada boosted their target price on Verizon Communications from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Wells Fargo & Company increased their price objective on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Finally, BNP Paribas Exane reduced their price target on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Verizon Communications currently has an average rating of “Hold” and an average price target of $50.84.

Insider Activity at Verizon Communications

In related news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $50.06, for a total transaction of $55,066.00. Following the completion of the transaction, the chief executive officer directly owned 108,766 shares of the company’s stock, valued at approximately $5,444,825.96. The trade was a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications Price Performance

Verizon Communications stock opened at $50.11 on Friday. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. The firm’s fifty day moving average is $45.91 and its 200 day moving average is $47.42. The company has a market cap of $208.20 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.38 and a beta of 0.25.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The business had revenue of $34.25 billion during the quarter, compared to analysts’ expectations of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Sell-side analysts forecast that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were paid a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Friday, July 10th. Verizon Communications’s payout ratio is presently 73.70%.

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.