Vantus Wealth LLC Takes $519,000 Position in Verizon Communications Inc. $VZ

Vantus Wealth LLC bought a new stake in shares of Verizon Communications Inc. (NYSE:VZ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,731 shares of the cell phone carrier’s stock, valued at approximately $519,000.

Several other large investors have also recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its position in Verizon Communications by 4.3% in the 3rd quarter. SBI Securities Co. Ltd. now owns 335,856 shares of the cell phone carrier’s stock valued at $14,761,000 after acquiring an additional 13,787 shares during the last quarter. Avanza Fonder AB grew its position in Verizon Communications by 5.6% in the 4th quarter. Avanza Fonder AB now owns 331,962 shares of the cell phone carrier’s stock valued at $13,521,000 after acquiring an additional 17,495 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Verizon Communications by 14.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 379,174 shares of the cell phone carrier’s stock valued at $16,665,000 after acquiring an additional 46,699 shares during the last quarter. Econ Financial Services Corp grew its position in Verizon Communications by 23.5% in the 4th quarter. Econ Financial Services Corp now owns 78,172 shares of the cell phone carrier’s stock valued at $3,184,000 after acquiring an additional 14,862 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in shares of Verizon Communications by 18.4% in the 3rd quarter. Wedbush Securities Inc. now owns 140,981 shares of the cell phone carrier’s stock worth $6,196,000 after buying an additional 21,915 shares during the period. Institutional investors own 62.06% of the company’s stock.

Verizon Communications Trading Down 0.2%

Shares of NYSE VZ opened at $47.71 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The stock has a market capitalization of $199.20 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 1.14 and a beta of 0.24. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The business has a fifty day moving average price of $47.89 and a 200 day moving average price of $45.16.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts expect that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VZ. Barclays upped their target price on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Oppenheimer upped their target price on Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a report on Friday. Evercore upped their target price on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Citigroup upped their target price on Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

About Verizon Communications

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.