Integrity Alliance LLC. Raises Stake in Verizon Communications Inc. $VZ

Integrity Alliance LLC. raised its position in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 44.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,607 shares of the cell phone carrier’s stock after purchasing an additional 16,413 shares during the period. Integrity Alliance LLC.’s holdings in Verizon Communications were worth $2,183,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VZ. Strengthening Families & Communities LLC lifted its holdings in Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 539 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in Verizon Communications during the fourth quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in Verizon Communications during the third quarter valued at approximately $29,000. EQ Wealth Advisors LLC purchased a new position in Verizon Communications during the fourth quarter valued at approximately $29,000. Finally, Daytona Street Capital LLC purchased a new position in Verizon Communications during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

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Insider Activity at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the transaction, the senior vice president owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on VZ. Barclays lifted their price target on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Weiss Ratings raised shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Sanford C. Bernstein reissued a “market perform” rating and issued a $48.00 target price on shares of Verizon Communications in a report on Monday, February 2nd. Finally, Dbs Bank downgraded shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.59.

Check Out Our Latest Stock Analysis on VZ

Verizon Communications Price Performance

VZ stock opened at $48.30 on Thursday. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company’s fifty day moving average price is $48.01 and its 200-day moving average price is $44.99. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The company has a market capitalization of $201.70 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 1.16 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last released its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

About Verizon Communications

(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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