Verizon Communications Inc. $VZ Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. boosted its position in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 18.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 126,216 shares of the cell phone carrier’s stock after acquiring an additional 20,007 shares during the period. Verizon Communications makes up approximately 0.6% of Twin Capital Management Inc.’s portfolio, making the stock its 27th largest position. Twin Capital Management Inc.’s holdings in Verizon Communications were worth $5,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blake Schutter Theil Wealth Advisors LLC grew its position in Verizon Communications by 3.8% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock valued at $257,000 after buying an additional 233 shares during the period. Triton Wealth Management PLLC grew its position in Verizon Communications by 2.6% during the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock valued at $377,000 after buying an additional 234 shares during the period. CWS Financial Advisors LLC grew its position in Verizon Communications by 1.7% during the fourth quarter. CWS Financial Advisors LLC now owns 14,891 shares of the cell phone carrier’s stock valued at $607,000 after buying an additional 246 shares during the period. Creative Financial Designs Inc. ADV grew its position in Verizon Communications by 0.9% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 27,471 shares of the cell phone carrier’s stock valued at $1,119,000 after buying an additional 248 shares during the period. Finally, Portland Financial Advisors Inc grew its position in Verizon Communications by 3.6% during the fourth quarter. Portland Financial Advisors Inc now owns 7,175 shares of the cell phone carrier’s stock valued at $292,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Stock Up 0.1%

VZ stock opened at $47.80 on Thursday. The stock has a market capitalization of $199.57 billion, a P/E ratio of 11.66, a P/E/G ratio of 1.00 and a beta of 0.24. The firm has a 50-day simple moving average of $48.26 and a 200-day simple moving average of $44.69. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion for 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%. Verizon Communications’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts forecast that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Trending Headlines about Verizon Communications

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

Insider Transactions at Verizon Communications

In related news, Director Hans Erik Vestberg sold 200,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the transaction, the director directly owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s 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 transaction, the senior vice president owned 43,782 shares in the company, valued at $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $48.00 price target on shares of Verizon Communications in a research report on Monday, February 2nd. Oppenheimer boosted their target price on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, Dbs Bank cut shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

Read Our Latest Report on VZ

Verizon Communications Company 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.

Further Reading

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

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