QP Wealth Management LLC Makes New $655,000 Investment in Verizon Communications Inc. $VZ

QP Wealth Management LLC acquired a new stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 16,080 shares of the cell phone carrier’s stock, valued at approximately $655,000.

A number of other institutional investors have also recently made changes to their positions in the business. TruNorth Capital Management LLC increased its position in Verizon Communications by 95.3% during the 3rd quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock valued at $27,000 after buying an additional 305 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in Verizon Communications in the third quarter worth about $29,000. Global Wealth Strategies & Associates boosted its holdings in Verizon Communications by 739.5% in the third quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier’s stock worth $30,000 after acquiring an additional 599 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Verizon Communications during the fourth quarter worth about $28,000. Finally, Silicon Valley Capital Partners grew its stake in shares of Verizon Communications by 52.4% during the second quarter. Silicon Valley Capital Partners now owns 782 shares of the cell phone carrier’s stock worth $34,000 after acquiring an additional 269 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on VZ. Evercore increased their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Weiss Ratings raised shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $48.00 price target on shares of Verizon Communications in a report on Monday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Verizon Communications from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Verizon Communications has an average rating of “Moderate Buy” and an average price target of $50.32.

View Our Latest Analysis on Verizon Communications

Insider Buying and Selling

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph J. Russo sold 9,579 shares of Verizon Communications stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $44.88, for a total value of $429,905.52. Following the transaction, the executive vice president owned 44,045 shares of the company’s stock, valued at $1,976,739.60. The trade was a 17.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 218,148 shares of company stock valued at $10,780,356 over the last 90 days. Insiders own 0.10% of the company’s stock.

Key Stories Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

Verizon Communications Price Performance

Shares of NYSE VZ opened at $50.08 on Friday. The business’s 50 day moving average price is $46.39 and its 200 day moving average price is $43.04. The firm has a market cap of $211.24 billion, a P/E ratio of 12.37, a P/E/G ratio of 2.07 and a beta of 0.31. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.67. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.32.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. The company had revenue of $36.38 billion during the quarter, compared to analyst estimates of $36.20 billion. During the same period last year, the firm posted $1.10 EPS. Verizon Communications’s revenue for the quarter was up 2.0% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. On average, sell-side analysts expect that Verizon Communications Inc. will post 4.69 earnings per share for the current year.

Verizon Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a dividend yield of 5.7%. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, April 10th. Verizon Communications’s dividend payout ratio is 68.15%.

Verizon Communications 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.

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

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