OceanIQ Capital LLC Makes New $528,000 Investment in Verizon Communications Inc. $VZ

OceanIQ Capital LLC bought a new stake in shares of Verizon Communications Inc. (NYSE:VZ) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,462 shares of the cell phone carrier’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strengthening Families & Communities LLC boosted its position in Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 539 shares during the period. Gill Capital Partners LLC grew its stake in Verizon Communications by 74.6% during the 2nd quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 265 shares during the last quarter. Robinswood Financial LLC acquired a new stake in Verizon Communications in the first quarter worth $27,000. Lam Group Inc. acquired a new stake in Verizon Communications in the first quarter worth $28,000. Finally, Sarver Vrooman Wealth Advisors lifted its stake in Verizon Communications by 173.0% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after buying an additional 448 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VZ shares. TD Cowen boosted their price target on shares of Verizon Communications from $54.00 to $56.00 and gave the company a “buy” rating in a report on Monday, July 27th. Wells Fargo & Company 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 Monday, July 27th. Morgan Stanley boosted their target price on shares of Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Barclays upped their target price on shares of Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Finally, 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 note on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.97.

Verizon Communications Stock Performance

Shares of NYSE VZ opened at $50.15 on Friday. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The firm has a market cap of $208.36 billion, a P/E ratio of 13.06, a PEG ratio of 1.72 and a beta of 0.26. The stock has a fifty day moving average price of $46.32 and a two-hundred day moving average price of $47.48. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The company 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 company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Research analysts forecast that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total value of $55,550.00. Following the sale, the chief executive officer directly owned 107,666 shares in the company, valued at approximately $5,437,133. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,300 shares of company stock worth $164,164 over the last quarter. 0.03% of the stock is owned by insiders.

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.