Sax Wealth Advisors LLC Has $1.31 Million Position in Verizon Communications Inc. $VZ

Sax Wealth Advisors LLC lifted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 71.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,043 shares of the cell phone carrier’s stock after acquiring an additional 12,936 shares during the period. Sax Wealth Advisors LLC’s holdings in Verizon Communications were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Robinswood Financial LLC acquired a new stake in shares of Verizon Communications in the 1st quarter valued at $27,000. Lam Group Inc. acquired a new position in shares of Verizon Communications during the 1st quarter worth $28,000. Strengthening Families & Communities LLC raised its holdings in shares of Verizon Communications by 490.0% during 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. EQ Wealth Advisors LLC bought a new stake in shares of Verizon Communications during the 4th quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors lifted its position in shares of Verizon Communications by 173.0% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on VZ. BNP Paribas Exane decreased their target price on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Barclays raised their target price on shares of Verizon Communications from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Morgan Stanley boosted their target price on shares of Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Moffett Nathanson lowered their price target on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, Verizon Communications presently has a consensus rating of “Hold” and a consensus target price of $50.84.

Verizon Communications Stock Performance

NYSE:VZ opened at $47.00 on Monday. The stock’s 50-day moving average is $45.19 and its 200-day moving average is $46.76. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The stock has a market cap of $195.28 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 1.31 and a beta of 0.25.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The business had revenue of $34.25 billion during the quarter, compared to analyst estimates of $35.16 billion. During the same quarter last year, the business earned $1.22 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Equities research analysts anticipate that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.7075 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 6.0%. Verizon Communications’s dividend payout ratio (DPR) is presently 73.70%.

Verizon Communications Company 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.