Moore Capital Management LP Invests $20.09 Million in Verizon Communications Inc. $VZ

Moore Capital Management LP acquired a new position in Verizon Communications Inc. (NYSE:VZ) in the fourth quarter, Holdings Channel.com reports. The fund acquired 493,124 shares of the cell phone carrier’s stock, valued at approximately $20,085,000.

A number of other institutional investors have also recently made changes to their positions in the business. Sumitomo Life Insurance Co. boosted its position in shares of 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 purchasing an additional 227 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its stake in Verizon Communications by 3.8% in the 4th 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 raised its stake in Verizon Communications by 2.6% in the 4th 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 raised its stake in Verizon Communications by 2.5% in the 4th 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. Finally, CWS Financial Advisors LLC raised its stake in Verizon Communications by 1.7% in the 4th 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. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Stock Performance

NYSE VZ opened at $45.86 on Thursday. The stock has a 50-day simple moving average of $47.03 and a two-hundred day simple moving average of $45.63. The firm has a market capitalization of $191.50 billion, a P/E ratio of 11.19, a PEG ratio of 1.14 and a beta of 0.24. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week 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.

Verizon Communications (NYSE:VZ) last posted its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating 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 analysts’ expectations of $34.82 billion. During the same period last year, the firm earned $1.19 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities analysts forecast that Verizon Communications Inc. will post 4.97 earnings per share for the current year.

Verizon Communications Dividend Announcement

The firm also recently announced 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 is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.2%. Verizon Communications’s dividend payout ratio (DPR) is 69.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VZ. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Morgan Stanley raised their target price on Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. raised their target price 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 raised their target price on Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

More Verizon Communications News

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

• Positive Sentiment: Verizon launched new simpler wireless plans, a loyalty program, and removed activation and upgrade fees, which could help reduce customer churn and improve its competitive position versus AT&T and T-Mobile. Verizon targets wireless customers with new simpler plans, drops some fees
• Positive Sentiment: The company said customers will get 3% back on bills through its loyalty program, with rewards usable on devices and partner brands, which may support retention and lifetime customer value. Verizon Breaks Industry Mold to Put Customers First
• Neutral Sentiment: Verizon announced final results for its exchange offers and tender offers across multiple series of notes, a routine refinancing move that may help manage its debt profile but does not directly change near-term operations. Verizon announces expiration and final results of its tender offers and consent solicitations for 20 series of Verizon and certain of its subsidiaries’ notes
• Neutral Sentiment: The company also completed private exchange offers and consent solicitations for 11 note series, reinforcing a focus on liability management rather than an immediate growth catalyst. Verizon announces expiration and final results of its private exchange offers and consent solicitations for 11 series of notes
• Negative Sentiment: Recent market coverage noted that Verizon’s shares fell more sharply than the broader market, suggesting investors are still cautious despite the value appeal and high dividend yield. Verizon Communications (VZ) Falls More Steeply Than Broader Market: What Investors Need to Know

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.