Verizon Communications Inc. $VZ Shares Sold by LM Advisors LLC

LM Advisors LLC cut its position in Verizon Communications Inc. (NYSE:VZFree Report) by 96.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,019 shares of the cell phone carrier’s stock after selling 24,325 shares during the quarter. LM Advisors LLC’s holdings in Verizon Communications were worth $42,000 at the end of the most recent quarter.

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

Key Headlines Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

Verizon Communications Stock Up 2.5%

VZ opened at $48.10 on Friday. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month 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 stock has a market cap of $200.85 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.17 and a beta of 0.24. The stock’s 50 day moving average price is $47.20 and its 200 day moving average price is $45.47.

Verizon Communications (NYSE:VZGet Free Report) last issued its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, research analysts predict that Verizon Communications Inc. will post 4.97 earnings per share for the current year.

Verizon Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

Analyst Upgrades and Downgrades

VZ has been the topic of several analyst reports. Barclays raised their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Raymond James Financial restated an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Wells Fargo & Company raised their target price on Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Dbs Bank cut Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One equities 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.59.

Read Our Latest Analysis on Verizon Communications

Verizon Communications Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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