Capstone Capital Management Ltd Makes New $592,000 Investment in Verizon Communications Inc. $VZ

Capstone Capital Management Ltd bought a new position in shares of Verizon Communications Inc. (NYSE:VZ) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 12,904 shares of the cell phone carrier’s stock, valued at approximately $592,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Gill Capital Partners LLC raised its position in shares of Verizon Communications by 74.6% in the 2nd quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 265 shares in the last quarter. Robinswood Financial LLC bought a new stake in Verizon Communications during the first quarter valued at about $27,000. Lam Group Inc. bought a new stake in Verizon Communications during the first quarter valued at about $28,000. Bare Financial Services Inc grew its stake in Verizon Communications by 37.4% in the second quarter. Bare Financial Services Inc now owns 841 shares of the cell phone carrier’s stock valued at $36,000 after purchasing an additional 229 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its stake in Verizon Communications by 32.7% in the first quarter. Frazier Financial Advisors LLC now owns 888 shares of the cell phone carrier’s stock valued at $45,000 after purchasing an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on VZ. Scotiabank decreased their price target on shares of Verizon Communications from $51.50 to $50.00 and set a “sector outperform” rating for the company in a research report on Friday, October 9th. Moffett Nathanson lowered their price target on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Morgan Stanley lifted their price objective on shares of Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a research note on Wednesday, August 26th. Finally, BNP Paribas Exane reduced their price objective on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.80.

Insider Transactions at Verizon Communications

In related news, CEO Kyle Malady sold 1,100 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $42.93, for a total transaction of $47,223.00. Following the sale, the chief executive officer owned 101,066 shares in the company, valued at approximately $4,338,763.38. This trade represents a 1.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,800 shares of company stock worth $420,145 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications News Roundup

Here are the key news stories impacting Verizon Communications this week:

• Positive Sentiment: Analysts are highlighting Verizon’s potential for growth ahead of its upcoming earnings release. Wall Street expects earnings improvement, while the company’s full-year EPS guidance of $4.99–$5.04 and relatively low valuation may be supporting the shares. AT&T, Verizon face Q3 earnings test as analysts highlight growth potential
• Positive Sentiment: Verizon’s Straight Talk prepaid business expanded its unlimited plans with more data, faster 5G and additional benefits without increasing base monthly prices. The move could improve customer value and support subscriber retention, although it may also increase competitive pressure on margins. Straight Talk Supercharges Unlimited Plans with More Data, Faster 5G and Expanded Benefits
• Neutral Sentiment: Verizon formally objected to the trading of tokenized versions of its shares on the ICE-OKX platform. The action limits an unauthorized trading channel but is unlikely to have a material effect on Verizon’s core financial results. Verizon Moves To Block Tokenized Trading Of Its Shares
• Negative Sentiment: A new wireless customer-experience study found a widening gap between major legacy carriers and smaller challenger brands, raising concerns about Verizon’s customer loyalty, churn and pricing power. Market Force Information Study Reveals Widening CX Gap
• Negative Sentiment: Analysts and market coverage continue to point to fresh telecom-sector pressure, while a recent review showed Verizon lagging some competitors after second-quarter results. Investors are also concerned that the company may lack the indicators typically associated with a likely earnings beat. Verizon Faces Fresh Telecom Pressure

Verizon Communications Trading Up 0.8%

Verizon Communications stock opened at $44.48 on Wednesday. The stock has a 50-day moving average of $47.78 and a two-hundred day moving average of $46.74. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The stock has a market cap of $184.81 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.69 and a beta of 0.26.

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

Verizon Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 9th will be issued a $0.7075 dividend. This represents a $2.83 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, October 9th. Verizon Communications’s payout ratio is 73.70%.

Verizon Communications Company Profile

Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and digital connectivity services. Through its consumer business, Verizon offers mobile voice and data plans, smartphones and other connected devices, home internet, fixed wireless access, and fiber-optic broadband services under the Fios brand.

Verizon also serves businesses, government agencies, and other organizations with wireless connectivity, private networks, internet and data services, managed communications, cloud and security solutions, and Internet of Things services.