Penn Davis Mcfarland Inc. Acquires 36,867 Shares of Verizon Communications Inc. $VZ

Penn Davis Mcfarland Inc. increased its stake in Verizon Communications Inc. (NYSE:VZFree Report) by 38.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,579 shares of the cell phone carrier’s stock after acquiring an additional 36,867 shares during the period. Penn Davis Mcfarland Inc.’s holdings in Verizon Communications were worth $5,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC raised its stake in shares of Verizon Communications by 95.3% during the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock valued at $27,000 after acquiring an additional 305 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Verizon Communications in the third quarter worth about $29,000. Global Wealth Strategies & Associates increased its holdings in Verizon Communications by 739.5% during the 3rd quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 599 shares during the period. Holos Integrated Wealth LLC purchased a new position in Verizon Communications during the 4th quarter valued at about $28,000. Finally, Silicon Valley Capital Partners raised its position in Verizon Communications by 52.4% during the 2nd quarter. Silicon Valley Capital Partners now owns 782 shares of the cell phone carrier’s stock valued at $34,000 after purchasing an additional 269 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VZ shares. Royal Bank Of Canada lifted their price objective on Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $50.25 to $54.50 in a research report on Monday, March 9th. JPMorgan Chase & Co. lifted their price target on shares of Verizon Communications from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Williams Trading set a $54.00 price objective on shares of Verizon Communications in a report on Monday, February 2nd. Finally, Wells Fargo & Company raised their target price on shares of Verizon Communications from $41.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Verizon Communications has a consensus rating of “Moderate Buy” and a consensus price target of $50.56.

View Our Latest Report on VZ

Verizon Communications Price Performance

Shares of VZ opened at $49.39 on Thursday. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The firm has a 50 day moving average of $48.16 and a 200 day moving average of $43.40. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $208.32 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 2.10 and a beta of 0.29.

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

Verizon Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a yield of 5.7%. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, April 10th. Verizon Communications’s payout ratio is currently 68.15%.

Insider Buying and Selling

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the sale, the senior vice president owned 43,782 shares in the company, valued at approximately $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the completion of the sale, the director directly owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. This trade represents a 57.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 218,148 shares of company stock worth $10,780,356. 0.10% of the stock is owned by insiders.

More Verizon Communications News

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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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