Fideuram Asset Management Ireland dac Buys New Holdings in Verizon Communications Inc. $VZ

Fideuram Asset Management Ireland dac bought a new stake in shares of Verizon Communications Inc. (NYSE:VZFree 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.

Verizon Communications (NYSE:VZGet Free Report) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Research analysts predict that Verizon Communications Inc. will post 4.96 EPS for the current year.

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

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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

(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.

Further Reading

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

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