Verizon Communications Inc. $VZ Shares Sold by CORDA Investment Management LLC.

CORDA Investment Management LLC. trimmed its holdings in Verizon Communications Inc. (NYSE:VZ) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 775,461 shares of the cell phone carrier’s stock after selling 17,325 shares during the period. Verizon Communications comprises 2.3% of CORDA Investment Management LLC.’s portfolio, making the stock its 18th biggest holding. CORDA Investment Management LLC.’s holdings in Verizon Communications were worth $31,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of VZ. Holos Integrated Wealth LLC acquired a new stake in Verizon Communications in the 4th quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in Verizon Communications in the 3rd quarter valued at about $29,000. EQ Wealth Advisors LLC acquired a new stake in Verizon Communications in the 4th quarter valued at about $29,000. Daytona Street Capital LLC acquired a new stake in Verizon Communications in the 4th quarter valued at about $33,000. Finally, Accordant Advisory Group Inc lifted its stake in Verizon Communications by 152.9% during the fourth quarter. Accordant Advisory Group Inc now owns 827 shares of the cell phone carrier’s stock valued at $34,000 after buying an additional 500 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Price Performance

NYSE VZ opened at $47.10 on Friday. The company has a 50 day simple moving average of $48.81 and a 200-day simple moving average of $44.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The firm has a market capitalization of $196.66 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.00 and a beta of 0.24. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts predict that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on VZ. JPMorgan Chase & Co. upped their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Dbs Bank lowered shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a research note on Tuesday. Royal Bank Of Canada upped their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 3rd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Verizon Communications in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Insider Buying and Selling

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the 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 completion of the sale, the senior vice president directly owned 43,782 shares of the company’s stock, valued at $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hans Erik Vestberg sold 200,000 shares of the 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 $7,196,873.09. This trade represents a 57.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is owned by corporate insiders.

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.