Atlas Capital Advisors Inc. Invests $3.30 Million in Verizon Communications Inc. $VZ

Atlas Capital Advisors Inc. purchased a new position in shares of Verizon Communications Inc. (NYSE:VZFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 81,042 shares of the cell phone carrier’s stock, valued at approximately $3,301,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Verizon Communications during the 3rd quarter worth $29,000. Strengthening Families & Communities LLC boosted its stake in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 539 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of Verizon Communications during the 4th quarter worth $28,000. EQ Wealth Advisors LLC purchased a new position in shares of Verizon Communications during the 4th quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors boosted its stake in shares of Verizon Communications by 173.0% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after acquiring an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Key Headlines Impacting Verizon Communications

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

Analyst Upgrades and Downgrades

VZ has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Scotiabank upgraded shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $50.25 to $54.50 in a research note on Monday, March 9th. Finally, Morgan Stanley lifted their target price on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Verizon Communications presently has an average rating of “Moderate Buy” and an average target price of $50.59.

Read Our Latest Analysis on VZ

Verizon Communications Stock Performance

Verizon Communications stock opened at $48.10 on Friday. The company’s 50-day moving average price is $47.20 and its 200-day moving average price is $45.47. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The company has a market cap of $200.85 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.17 and a beta of 0.24.

Verizon Communications (NYSE:VZGet Free Report) last issued its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. The company 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities research analysts forecast that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.7075 dividend. This represents a $2.83 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s payout ratio is 69.02%.

Verizon Communications 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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