Fideuram Asset Management Ireland dac bought a new stake in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 96,951 shares of the cell phone carrier’s stock, valued at approximately $4,072,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VZ. SBI Securities Co. Ltd. raised its position in shares of Verizon Communications by 4.3% during the 3rd quarter. SBI Securities Co. Ltd. now owns 335,856 shares of the cell phone carrier’s stock valued at $14,761,000 after buying an additional 13,787 shares in the last quarter. Avanza Fonder AB raised its position in shares of Verizon Communications by 5.6% during the 4th quarter. Avanza Fonder AB now owns 331,962 shares of the cell phone carrier’s stock valued at $13,521,000 after buying an additional 17,495 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Verizon Communications by 14.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 379,174 shares of the cell phone carrier’s stock valued at $16,665,000 after buying an additional 46,699 shares in the last quarter. Econ Financial Services Corp raised its position in shares of Verizon Communications by 23.5% during the 4th quarter. Econ Financial Services Corp now owns 78,172 shares of the cell phone carrier’s stock valued at $3,184,000 after buying an additional 14,862 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of Verizon Communications by 18.4% during the 3rd quarter. Wedbush Securities Inc. now owns 140,981 shares of the cell phone carrier’s stock valued at $6,196,000 after buying an additional 21,915 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.
Verizon Communications Stock Performance
Shares of NYSE:VZ opened at $48.03 on Friday. 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 company has a market capitalization of $200.56 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.15 and a beta of 0.24. The firm’s 50-day moving average is $47.96 and its 200 day moving average is $45.05. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. Scotiabank upgraded shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Weiss Ratings upgraded shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Evercore upped their target price 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. Citigroup upped their target price on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Royal Bank Of Canada upped their target price on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.59.
Check Out Our Latest Stock Analysis on Verizon Communications
Trending Headlines about Verizon Communications
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon shareholders approved the company’s 2026 long-term incentive plan at the annual meeting, a sign of continued support for management’s compensation and retention framework. Verizon Shareholders Approve 2026 Long-Term Incentive Plan
- Positive Sentiment: Investor articles highlighted Verizon as a sub-$50 cash-flow and dividend-style stock that can still look attractive even with elevated Treasury yields, reinforcing the appeal of its steady earnings and income profile. The Sub-$50 Institutional Cash-Flow Machine That Remains Attractive Despite High Risk Free Yields
- Positive Sentiment: Coverage noting Verizon has been trading in the green for multiple sessions and remains a trending stock suggests improving near-term sentiment around the shares. Verizon trades in green for the seventh session
- Positive Sentiment: Analyst-style articles also pointed to Verizon’s role in the growing 5G and AI connectivity theme, which can support the bull case for longer-term revenue opportunities. AI Can’t Reach the Real World Without These 3 Stocks
Insider Buying and Selling
In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the transaction, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. This represents a 16.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by corporate 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.
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