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Aviva PLC Boosts Stock Position in Verizon Communications Inc. $VZ

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Aviva PLC boosted its holdings in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,590,298 shares of the cell phone carrier's stock after acquiring an additional 190,065 shares during the quarter. Aviva PLC owned 0.09% of Verizon Communications worth $146,233,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VZ. Strengthening Families & Communities LLC lifted its holdings in shares of Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier's stock worth $26,000 after buying an additional 539 shares during the period. Holos Integrated Wealth LLC purchased a new stake in shares of Verizon Communications in the 4th quarter worth $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Verizon Communications in the 3rd quarter worth $29,000. EQ Wealth Advisors LLC purchased a new stake in shares of Verizon Communications in the 4th quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors lifted its holdings in shares of Verizon Communications by 173.0% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier's stock worth $29,000 after buying an additional 448 shares during the period. Hedge funds and other institutional investors own 62.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Raymond James Financial reiterated an "outperform" rating and issued a $56.00 target price on shares of Verizon Communications in a report on Thursday, March 12th. Erste Group Bank reiterated a "hold" rating on shares of Verizon Communications in a report on Tuesday, May 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of Verizon Communications in a report on Friday, May 29th. Wells Fargo & Company upped their target price on Verizon Communications from $44.00 to $46.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 28th. Finally, Scotiabank upgraded Verizon Communications from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $50.25 to $54.50 in a report on Monday, March 9th. One 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's stock. According to MarketBeat.com, Verizon Communications has a consensus rating of "Moderate Buy" and an average target price of $50.59.

Get Our Latest Analysis on VZ

Verizon Communications Trading Up 0.2%

VZ opened at $47.04 on Friday. The firm has a market cap of $196.43 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.15 and a beta of 0.24. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The stock has a fifty day moving average price of $47.22 and a 200-day moving average price of $45.45.

Verizon Communications (NYSE:VZ - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities research analysts anticipate that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a $0.7075 dividend. This represents a $2.83 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications's payout ratio is presently 69.02%.

Trending Headlines about Verizon Communications

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

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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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