Verizon Communications Inc. $VZ Position Boosted by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC grew its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 372.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,109 shares of the cell phone carrier’s stock after purchasing an additional 15,849 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Verizon Communications were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. RKL Wealth Management LLC lifted its stake in Verizon Communications by 4.3% during the first quarter. RKL Wealth Management LLC now owns 5,338 shares of the cell phone carrier’s stock valued at $268,000 after purchasing an additional 218 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in Verizon Communications by 8.6% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier’s stock worth $113,000 after buying an additional 219 shares during the last quarter. Frazier Financial Advisors LLC grew its position in Verizon Communications by 32.7% in the first quarter. Frazier Financial Advisors LLC now owns 888 shares of the cell phone carrier’s stock worth $45,000 after buying an additional 219 shares during the last quarter. FAS Wealth Partners Inc. increased its holdings in shares of Verizon Communications by 1.2% in the first quarter. FAS Wealth Partners Inc. now owns 18,421 shares of the cell phone carrier’s stock valued at $925,000 after buying an additional 223 shares in the last quarter. Finally, Sumitomo Life Insurance Co. increased its holdings in shares of Verizon Communications by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier’s stock valued at $1,426,000 after buying an additional 227 shares in the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Insider Activity at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $48.68, for a total transaction of $53,548.00. Following the transaction, the chief executive officer owned 109,866 shares in the company, valued at approximately $5,348,276.88. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on VZ. TD Cowen increased their price objective on Verizon Communications from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Scotiabank lifted their target price on Verizon Communications from $51.50 to $52.50 and gave the stock a “sector outperform” rating in a report on Monday, July 27th. Moffett Nathanson cut their target price on Verizon Communications from $56.00 to $49.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Finally, BNP Paribas Exane decreased their price target on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Verizon Communications presently has an average rating of “Hold” and a consensus target price of $50.84.

Verizon Communications Stock Up 0.3%

Shares of NYSE:VZ opened at $49.34 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. The company has a market cap of $205.00 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.25. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68. The firm has a 50 day simple moving average of $45.52 and a 200 day simple moving average of $47.29.

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. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm had revenue of $34.25 billion during the quarter, compared to analyst estimates of $35.16 billion. During the same quarter last year, the business posted $1.22 EPS. The company’s revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, research analysts expect that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a $0.7075 dividend. This represents a $2.83 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is 73.70%.

Verizon Communications 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.