Old Mission Investment Co LLC Makes New $2.06 Million Investment in Verizon Communications Inc. $VZ

Old Mission Investment Co LLC purchased a new stake in shares of Verizon Communications Inc. (NYSE:VZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 48,640 shares of the cell phone carrier’s stock, valued at approximately $2,059,000.

Other hedge funds have also modified their holdings of the company. Robinswood Financial LLC bought a new stake in shares of Verizon Communications during the 1st quarter valued at $27,000. Lam Group Inc. bought a new position in Verizon Communications in the 1st quarter worth $28,000. Gill Capital Partners LLC increased its stake in 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 buying an additional 265 shares in the last quarter. Strengthening Families & Communities LLC increased its stake in Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 539 shares in the last quarter. Finally, Sarver Vrooman Wealth Advisors raised its holdings in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after acquiring an additional 448 shares during the period. 62.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total value of $55,550.00. Following the sale, the chief executive officer owned 107,666 shares of the company’s stock, valued at approximately $5,437,133. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,300 shares of company stock worth $164,164. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

VZ has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Barclays increased their target price on Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Royal Bank Of Canada lifted their target price on Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Wells Fargo & Company boosted their price target on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Finally, Scotiabank upped their price target on Verizon Communications from $51.50 to $52.50 and gave the stock a “sector outperform” rating in a research note on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.97.

Verizon Communications Stock Performance

Shares of NYSE VZ opened at $50.15 on Friday. The company has a market cap of $208.36 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.72 and a beta of 0.26. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. The firm’s fifty day moving average is $46.32 and its two-hundred day moving average is $47.48.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The business had revenue of $34.25 billion during the quarter, compared to analysts’ expectations of $35.16 billion. During the same quarter last year, the business posted $1.22 EPS. The firm’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. As a group, analysts anticipate that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

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.