Natixis Advisors LLC Raises Stock Holdings in Verizon Communications Inc. $VZ

Natixis Advisors LLC raised its stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 4.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,590,030 shares of the cell phone carrier’s stock after acquiring an additional 119,538 shares during the period. Natixis Advisors LLC’s holdings in Verizon Communications were worth $113,832,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in VZ. Brighton Jones LLC lifted its position in Verizon Communications by 61.2% during the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after purchasing an additional 16,704 shares during the period. United Bank grew its position in Verizon Communications by 11.5% in the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock worth $339,000 after purchasing an additional 806 shares during the period. Modera Wealth Management LLC grew its position in Verizon Communications by 21.4% in the 2nd quarter. Modera Wealth Management LLC now owns 23,912 shares of the cell phone carrier’s stock worth $1,035,000 after purchasing an additional 4,221 shares during the period. Savant Capital LLC raised its stake in Verizon Communications by 16.0% during the 2nd quarter. Savant Capital LLC now owns 112,083 shares of the cell phone carrier’s stock valued at $4,850,000 after buying an additional 15,468 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of Verizon Communications during the 2nd quarter valued at $489,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Stock Down 0.0%

VZ opened at $51.17 on Monday. The stock has a market cap of $215.82 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 2.14 and a beta of 0.30. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.91. The firm’s fifty day moving average is $44.40 and its 200 day moving average is $42.59. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.41.

Verizon Communications (NYSE:VZGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The business had revenue of $36.38 billion during the quarter, compared to analyst estimates of $36.20 billion. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.Verizon Communications’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 EPS. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. On average, sell-side analysts forecast that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.7075 per share. This is an increase from Verizon Communications’s previous quarterly dividend of $0.69. This represents a $2.83 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, April 10th. Verizon Communications’s dividend payout ratio (DPR) is 68.15%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on VZ shares. Citigroup raised their price target on Verizon Communications from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. William Blair upgraded Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. Barclays began coverage on Verizon Communications in a report on Thursday, January 22nd. They issued an “equal weight” rating and a $43.00 target price on the stock. Royal Bank Of Canada raised their target price on Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Finally, Morgan Stanley upped their price target on shares of Verizon Communications from $47.00 to $49.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $49.02.

Get Our Latest Analysis on VZ

Verizon Communications News Summary

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

Insider Activity at Verizon Communications

In other Verizon Communications news, EVP Joseph J. Russo sold 9,579 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $44.88, for a total value of $429,905.52. Following the completion of the transaction, the executive vice president directly owned 44,045 shares in the company, valued at $1,976,739.60. This represents a 17.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, the senior vice president directly owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 218,148 shares of company stock valued at $10,780,356. 0.10% of the stock is owned by company insiders.

Verizon Communications Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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