Assenagon Asset Management S.A. Has $91.21 Million Stock Holdings in Verizon Communications Inc. $VZ

Key Points

• Assenagon Asset Management increased its Verizon stake by 76.2% in the second quarter, acquiring 931,588 shares for a total holding worth approximately $91.21 million. Institutional investors collectively own 62.06% of Verizon.
• Verizon reported quarterly EPS of $1.30, beating estimates of $1.27, while revenue of $34.25 billion fell short of expectations and declined 0.7% year over year. The company guided to fiscal 2026 EPS of $4.99–$5.04.
• Verizon’s quarterly dividend is $0.7075 per share, representing an annualized payout of $2.83 and a 6.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $50.84.

Assenagon Asset Management S.A. grew its stake in Verizon Communications Inc. (NYSE:VZ - Free Report) by 76.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,154,202 shares of the cell phone carrier's stock after acquiring an additional 931,588 shares during the period. Assenagon Asset Management S.A. owned 0.05% of Verizon Communications worth $91,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Verizon Communications by 61.2% in the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier's stock valued at $1,759,000 after buying an additional 16,704 shares during the last quarter. United Bank raised its position in Verizon Communications by 11.5% during the second quarter. United Bank now owns 7,843 shares of the cell phone carrier's stock worth $339,000 after acquiring an additional 806 shares in the last quarter. Jump Financial LLC lifted its stake in Verizon Communications by 312.0% in the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier's stock valued at $1,023,000 after acquiring an additional 17,901 shares during the last quarter. HUB Investment Partners LLC lifted its stake in Verizon Communications by 17.2% in the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier's stock valued at $1,779,000 after acquiring an additional 6,034 shares during the last quarter. Finally, Vivaldi Capital Management LP grew its position in shares of Verizon Communications by 5.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier's stock valued at $389,000 after acquiring an additional 443 shares during the period. Institutional investors own 62.06% of the company's stock.

Verizon Communications Trading Up 0.0%

Shares of Verizon Communications stock opened at $47.00 on Friday. The firm's 50 day moving average is $45.19 and its 200 day moving average is $46.70. The firm has a market capitalization of $195.28 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.31 and a beta of 0.25. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36.

Verizon Communications (NYSE:VZ - Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.03. The company had revenue of $34.25 billion during the quarter, compared to analysts' expectations of $35.16 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.Verizon Communications's revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Equities research analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were given a dividend of $0.7075 per share. The ex-dividend date was Friday, July 10th. This represents a $2.83 annualized dividend and a yield of 6.0%. Verizon Communications's dividend payout ratio (DPR) is currently 73.70%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VZ. Weiss Ratings restated a "buy (b)" rating on shares of Verizon Communications in a research note on Friday, May 29th. Wells Fargo & Company raised their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their price target on Verizon Communications from $49.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Morgan Stanley upped their price objective on Verizon Communications from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. Finally, Barclays raised their price objective on Verizon Communications from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $50.84.

About Verizon Communications

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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