Edgemoor Investment Advisors Inc. Lowers Stock Position in Verizon Communications Inc. $VZ

Edgemoor Investment Advisors Inc. lowered its position in Verizon Communications Inc. (NYSE:VZ) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,119 shares of the cell phone carrier’s stock after selling 19,616 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Verizon Communications were worth $8,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VZ. Brighton Jones LLC raised its holdings in shares of Verizon Communications by 61.2% in 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 last quarter. United Bank raised its holdings in shares of Verizon Communications by 11.5% in the second quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after purchasing an additional 806 shares during the last quarter. Jump Financial LLC raised its holdings in shares of Verizon Communications by 312.0% in the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock valued at $1,023,000 after purchasing an additional 17,901 shares during the last quarter. HUB Investment Partners LLC raised its holdings in shares of Verizon Communications by 17.2% in the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock valued at $1,779,000 after purchasing an additional 6,034 shares during the last quarter. Finally, Vivaldi Capital Management LP raised its holdings in shares of Verizon Communications by 5.2% in the second quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock valued at $389,000 after purchasing an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VZ. Barclays increased their target price 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. Scotiabank upgraded shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $50.25 to $54.50 in a report on Monday, March 9th. Morgan Stanley increased their target price on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Oppenheimer increased their target price on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, Raymond James Financial restated an “outperform” rating and set a $56.00 price target on shares of Verizon Communications in a research report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Insider Activity at Verizon Communications

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications 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 transaction, 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. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Verizon Communications Trading Down 0.3%

Shares of Verizon Communications stock opened at $47.84 on Friday. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The firm has a market cap of $199.78 billion, a PE ratio of 11.67, a PEG ratio of 1.15 and a beta of 0.24. 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 company has a 50 day simple moving average of $47.93 and a two-hundred day simple moving average of $45.07.

Verizon Communications (NYSE:VZ) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. During the same period in the previous year, the business posted $1.19 earnings per share. Verizon Communications’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. Analysts expect that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

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.