OneDigital Investment Advisors LLC Sells 12,921 Shares of Verizon Communications Inc. $VZ

OneDigital Investment Advisors LLC lowered its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,082 shares of the cell phone carrier’s stock after selling 12,921 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Verizon Communications were worth $3,391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VZ. Strengthening Families & Communities LLC boosted its stake 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 worth $26,000 after buying an additional 539 shares during the period. Robinswood Financial LLC purchased a new stake in shares of Verizon Communications in the first quarter valued at $27,000. Lam Group Inc. bought a new stake in shares of Verizon Communications in the 1st quarter worth about $28,000. EQ Wealth Advisors LLC bought a new stake in shares of Verizon Communications in the 4th quarter worth about $29,000. Finally, Sarver Vrooman Wealth Advisors boosted its stake 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 purchasing an additional 448 shares during the period. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Insider Activity at Verizon Communications

In related news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $48.68, for a total value of $53,548.00. Following the completion of the sale, the chief executive officer directly owned 109,866 shares in the company, valued at $5,348,276.88. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications Stock Performance

Verizon Communications stock opened at $50.12 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. The company has a market capitalization of $208.24 billion, a PE ratio of 13.05, a P/E/G ratio of 1.38 and a beta of 0.25. The company has a 50 day moving average price of $45.58 and a 200-day moving average price of $47.33. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68.

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

Verizon Communications Dividend Announcement

The company 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 was Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.6%. Verizon Communications’s dividend payout ratio (DPR) is currently 73.70%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VZ shares. Wells Fargo & Company upped 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 Monday, July 27th. Moffett Nathanson decreased their price objective on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Morgan Stanley boosted their target price on Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Scotiabank upped their target price on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a research note on Monday, July 27th. Finally, Freedom Capital upgraded Verizon Communications to a “hold” rating in a report on Friday, June 12th. Nine investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Verizon Communications presently has a consensus rating of “Hold” and an average price target of $50.84.

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.