Mosley Wealth Management Makes New $559,000 Investment in Verizon Communications Inc. $VZ

Mosley Wealth Management bought a new position in Verizon Communications Inc. (NYSE:VZFree Report) in the fourth quarter, HoldingsChannel reports. The fund bought 13,538 shares of the cell phone carrier’s stock, valued at approximately $559,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VZ. Brighton Jones LLC lifted its position in Verizon Communications by 61.2% in the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock worth $1,759,000 after buying an additional 16,704 shares in the last quarter. United Bank lifted 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 buying an additional 806 shares in the last quarter. Jump Financial LLC lifted its position in Verizon Communications by 312.0% in the 2nd quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock worth $1,023,000 after buying an additional 17,901 shares in the last quarter. HUB Investment Partners LLC lifted its position in Verizon Communications by 17.2% in the 2nd quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock worth $1,779,000 after buying an additional 6,034 shares in the last quarter. Finally, Vivaldi Capital Management LP lifted its position in Verizon Communications by 5.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock worth $389,000 after buying an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Trending Headlines about Verizon Communications

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Verizon Communications Stock Performance

Shares of VZ opened at $47.04 on Friday. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The company’s fifty day moving average is $47.22 and its 200-day moving average is $45.45. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The firm has a market cap of $196.43 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 1.15 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last posted its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $34.82 billion. During the same period last year, the business posted $1.19 EPS. Verizon Communications’s 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. Equities analysts expect that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a $0.7075 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.0%. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

Analysts Set New Price Targets

Several brokerages have recently commented on VZ. Morgan Stanley increased their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Wells Fargo & Company increased their price target on shares of Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. Scotiabank upgraded shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $50.25 to $54.50 in a research note on Monday, March 9th. Finally, Citigroup increased their price target on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Verizon Communications presently has an average rating of “Moderate Buy” and an average target price of $50.59.

Get Our Latest Stock Analysis on VZ

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.

See Also

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

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