Nomura Asset Management Co. Ltd. Purchases 41,268 Shares of Verizon Communications Inc. $VZ

Nomura Asset Management Co. Ltd. lifted its position in Verizon Communications Inc. (NYSE:VZ) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,615,310 shares of the cell phone carrier’s stock after acquiring an additional 41,268 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Verizon Communications were worth $65,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC bought a new position in shares of Verizon Communications in the third quarter worth approximately $29,000. Strengthening Families & Communities LLC lifted its stake in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 539 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of Verizon Communications during the fourth quarter valued at approximately $28,000. EQ Wealth Advisors LLC purchased a new position in shares of Verizon Communications during the fourth quarter valued at approximately $29,000. Finally, Daytona Street Capital LLC purchased a new position in shares of Verizon Communications during the fourth quarter valued at approximately $33,000. Institutional investors own 62.06% of the company’s stock.

Verizon Communications Stock Up 0.1%

Shares of VZ stock opened at $47.84 on Monday. The company has a 50 day simple moving average of $47.93 and a two-hundred day simple moving average of $45.11. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The stock has a market cap of $199.78 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.14 and a beta of 0.24. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data 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 firm had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, research analysts expect that Verizon Communications Inc. will post 4.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

VZ has been the subject of several research reports. Raymond James Financial reissued an “outperform” rating and set a $56.00 price objective on shares of Verizon Communications in a report on Thursday, March 12th. Evercore boosted their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings raised shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. 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 research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.59.

Verizon Communications Profile

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.