Verizon Communications Inc. $VZ Shares Acquired by Aviva PLC

Aviva PLC lifted its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 5.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,590,298 shares of the cell phone carrier’s stock after acquiring an additional 190,065 shares during the period. Aviva PLC’s holdings in Verizon Communications were worth $146,233,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Blake Schutter Theil Wealth Advisors LLC grew its stake in shares of Verizon Communications by 3.8% during 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 grew its stake in shares of 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 last quarter. Clearstead Trust LLC grew its stake in shares of 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 last quarter. CWS Financial Advisors LLC grew its stake in shares of Verizon Communications by 1.7% during the fourth quarter. CWS Financial Advisors LLC now owns 14,891 shares of the cell phone carrier’s stock worth $607,000 after acquiring an additional 246 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Verizon Communications by 0.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 27,471 shares of the cell phone carrier’s stock worth $1,119,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Stock Up 0.2%

Shares of VZ opened at $47.04 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 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $196.43 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.15 and a beta of 0.24. The stock’s 50-day moving average price is $47.22 and its 200-day moving average price is $45.45.

Verizon Communications (NYSE:VZGet Free Report) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The company’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, sell-side analysts predict that Verizon Communications Inc. will post 4.97 EPS for the current year.

Verizon Communications Dividend Announcement

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

Key Stories Impacting Verizon Communications

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James Financial restated an “outperform” rating and set a $56.00 price target on shares of Verizon Communications in a research note on Thursday, March 12th. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. boosted their price target on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Citigroup increased their price objective on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Oppenheimer increased their price objective on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.59.

Read Our Latest Stock Analysis on VZ

Verizon Communications Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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