Fieldview Capital Management LLC Invests $718,000 in Verizon Communications Inc. $VZ

Fieldview Capital Management LLC purchased a new position in Verizon Communications Inc. (NYSE:VZ) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 17,618 shares of the cell phone carrier’s stock, valued at approximately $718,000.

Other large investors also recently modified their holdings of the company. Strengthening Families & Communities LLC lifted its position in shares of Verizon Communications by 490.0% in the 4th 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 during the last quarter. Holos Integrated Wealth LLC bought a new position in shares of Verizon Communications in the 4th quarter worth about $28,000. Foster Dykema Cabot & Partners LLC bought a new position in shares of Verizon Communications in the 3rd quarter worth about $29,000. EQ Wealth Advisors LLC bought a new position in shares of Verizon Communications in the 4th quarter worth about $29,000. Finally, Sarver Vrooman Wealth Advisors lifted its position in shares of Verizon Communications by 173.0% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after buying an additional 448 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on VZ shares. Oppenheimer raised their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Citigroup raised their price target on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Morgan Stanley raised their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Finally, Barclays lifted their price objective on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. One investment 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Trading Down 2.1%

Shares of NYSE:VZ opened at $47.11 on Tuesday. The company has a market cap of $196.73 billion, a PE ratio of 11.49, a P/E/G ratio of 1.17 and a beta of 0.24. The company’s 50-day moving average price is $47.15 and its 200 day moving average price is $45.55. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. 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 (NYSE:VZ) last issued its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. During the same period last year, the firm posted $1.19 EPS. Verizon Communications’s quarterly revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Sell-side analysts anticipate that Verizon Communications Inc. will post 4.97 earnings per share for the current year.

Verizon Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, July 10th. Verizon Communications’s payout ratio is 69.02%.

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.