Verizon Communications Inc. $VZ Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in Verizon Communications Inc. (NYSE:VZ) by 13.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 639,281 shares of the cell phone carrier’s stock after acquiring an additional 73,620 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Verizon Communications were worth $27,067,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Strengthening Families & Communities LLC grew its stake in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares during the period. Gill Capital Partners LLC lifted its stake in shares of Verizon Communications by 74.6% in the second quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 265 shares during the period. Robinswood Financial LLC purchased a new stake in Verizon Communications during the first quarter worth about $27,000. Lam Group Inc. purchased a new stake in Verizon Communications during the first quarter worth about $28,000. Finally, Sarver Vrooman Wealth Advisors grew its position in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after buying an additional 448 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.

Insider Transactions at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $50.50, for a total value of $55,550.00. Following the completion of the sale, the chief executive officer owned 107,666 shares in the company, valued at $5,437,133. The trade was a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 3,300 shares of company stock valued at $164,164. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VZ has been the subject of a number of research analyst reports. Freedom Capital raised shares of Verizon Communications to a “hold” rating in a report on Friday, June 12th. Wells Fargo & Company boosted their price target on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a report on Wednesday, August 26th. TD Cowen raised their price objective on Verizon Communications from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Royal Bank Of Canada boosted their target price on Verizon Communications from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.97.

Verizon Communications Trading Up 0.6%

Shares of Verizon Communications stock opened at $50.52 on Friday. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The business’s fifty day moving average is $46.25 and its two-hundred day moving average is $47.46. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. The firm has a market cap of $209.90 billion, a PE ratio of 13.16, a P/E/G ratio of 1.71 and a beta of 0.26.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. The business had revenue of $34.25 billion during 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%.The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Analysts anticipate that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

About Verizon Communications

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.