Verizon Communications Inc. $VZ Shares Purchased by Harrell Investment Partners LLC

Harrell Investment Partners LLC grew its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 22.8% during the second quarter, Holdings Channel reports. The institutional investor owned 100,255 shares of the cell phone carrier’s stock after acquiring an additional 18,581 shares during the period. Harrell Investment Partners LLC’s holdings in Verizon Communications were worth $4,245,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Strengthening Families & Communities LLC lifted its position in 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 purchasing an additional 539 shares during the period. Robinswood Financial LLC acquired a new position in shares of Verizon Communications during the 1st quarter valued at $27,000. Lam Group Inc. acquired a new position in shares of Verizon Communications during the 1st quarter valued at $28,000. EQ Wealth Advisors LLC bought a new stake in shares of Verizon Communications in the 4th quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors raised its stake 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 in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Trading Down 0.1%

NYSE:VZ opened at $47.02 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The firm has a market capitalization of $195.36 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.31 and a beta of 0.25. The stock has a fifty day simple moving average of $45.17 and a 200 day simple moving average of $46.81.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. The firm had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Sell-side analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a $0.7075 dividend. This represents a $2.83 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is 73.70%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. Moffett Nathanson dropped their price target on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Scotiabank upped their price target on shares of Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a report on Monday, July 27th. Royal Bank Of Canada raised their price objective on shares of Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Finally, Morgan Stanley lifted their price objective on shares of Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.84.

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.