Mawer Investment Management Ltd. Sells 1,075,348 Shares of Verizon Communications Inc. $VZ

Mawer Investment Management Ltd. lowered its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 26.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,984,875 shares of the cell phone carrier’s stock after selling 1,075,348 shares during the period. Mawer Investment Management Ltd. owned 0.07% of Verizon Communications worth $121,574,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blake Schutter Theil Wealth Advisors LLC boosted its holdings in shares of 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 worth $257,000 after acquiring an additional 233 shares during the period. Triton Wealth Management PLLC boosted its holdings in shares of 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 worth $377,000 after acquiring an additional 234 shares during the period. Clearstead Trust LLC boosted its holdings in shares of Verizon Communications by 2.5% during the fourth quarter. Clearstead Trust LLC now owns 9,788 shares of the cell phone carrier’s stock worth $399,000 after acquiring an additional 240 shares during the period. CWS Financial Advisors LLC boosted its holdings in shares of 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 worth $607,000 after acquiring an additional 246 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in shares of 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 worth $1,119,000 after acquiring an additional 248 shares during the period. Institutional investors own 62.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. William Blair upgraded Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. Raymond James Financial restated an “outperform” rating and set a $56.00 price objective on shares of Verizon Communications in a report on Thursday, March 12th. Evercore lifted their price target 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. Morgan Stanley boosted their price target on Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Barclays increased their price target on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Price Performance

Verizon Communications stock opened at $47.71 on Tuesday. The stock’s fifty day moving average price is $47.89 and its two-hundred day moving average price is $45.16. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. 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 cap of $199.20 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.14 and a beta of 0.24.

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

Verizon Communications Company 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.