Bokf Na Reduces Stake in Verizon Communications Inc. $VZ

Bokf Na lessened its stake in Verizon Communications Inc. (NYSE:VZ) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,946 shares of the cell phone carrier’s stock after selling 35,761 shares during the period. Bokf Na’s holdings in Verizon Communications were worth $9,284,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Foster Dykema Cabot & Partners LLC purchased a new stake in Verizon Communications in the 3rd quarter worth approximately $29,000. Holos Integrated Wealth LLC purchased a new stake in Verizon Communications in the 4th quarter worth approximately $28,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications in the 4th quarter worth approximately $29,000. Richardson Capital Management LLC purchased a new stake in Verizon Communications in the 3rd quarter worth approximately $35,000. Finally, Daytona Street Capital LLC purchased a new stake in Verizon Communications in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $50.25 to $54.50 in a research report on Monday, March 9th. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. JPMorgan Chase & Co. upped 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. Weiss Ratings raised Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, Morgan Stanley upped 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. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Verizon Communications presently has an average rating of “Moderate Buy” and an average target price of $50.59.

Verizon Communications Stock Up 0.1%

Shares of VZ opened at $47.38 on Thursday. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a market capitalization of $197.85 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.00 and a beta of 0.24. The stock has a fifty day simple moving average of $48.86 and a two-hundred day simple moving average of $44.15. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38.

Verizon Communications (NYSE:VZ) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (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 business had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. During the same period last year, the company earned $1.19 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities analysts forecast that Verizon Communications Inc. will post 4.96 EPS for the current year.

Insiders Place Their Bets

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the sale, the senior vice president directly owned 43,782 shares of the company’s stock, valued at $2,189,100. This trade represents a 16.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the completion of the sale, the director directly owned 145,069 shares of the company’s stock, valued at $7,196,873.09. This trade represents a 57.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is owned by company insiders.

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.