Bokf Na Sells 35,761 Shares of Verizon Communications Inc. $VZ

Key Points

• Bokf Na cut its position in Verizon by 13.6% in Q4, selling 35,761 shares and ending the period with 227,946 shares valued at $9.284 million.
• Director Hans Erik Vestberg sold 200,000 shares at an average $49.61 for $9.922 million, reducing his ownership by 57.96% (now 145,069 shares).
• Wall Street has a consensus rating of "Moderate Buy" with an average target of $50.59 after several firms raised targets (Oppenheimer to $56); Verizon beat Q1 EPS ($1.28 vs. $1.21) and set FY 2026 guidance of 4.95–4.99 EPS.

Bokf Na cut its position in Verizon Communications Inc. (NYSE:VZ - Free Report) by 13.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 227,946 shares of the cell phone carrier's stock after selling 35,761 shares during the quarter. Bokf Na's holdings in Verizon Communications were worth $9,284,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Holos Integrated Wealth LLC bought a new position in Verizon Communications in the fourth quarter worth about $28,000. Foster Dykema Cabot & Partners LLC bought a new position in Verizon Communications in the third quarter worth about $29,000. EQ Wealth Advisors LLC bought a new position in Verizon Communications in the fourth quarter worth about $29,000. Daytona Street Capital LLC bought a new position in Verizon Communications in the fourth quarter worth about $33,000. Finally, Accordant Advisory Group Inc raised its holdings in Verizon Communications by 152.9% in the fourth quarter. Accordant Advisory Group Inc now owns 827 shares of the cell phone carrier's stock worth $34,000 after purchasing an additional 500 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on VZ. Weiss Ratings upgraded shares of Verizon Communications from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Oppenheimer upped their price objective on shares of Verizon Communications from $50.00 to $56.00 and gave the company an "outperform" rating in a report on Wednesday, March 11th. Royal Bank Of Canada upped their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the company a "sector perform" rating in a report on Tuesday, February 3rd. Finally, Barclays upped their price objective on shares of Verizon Communications from $43.00 to $47.00 and gave the company an "equal weight" rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.59.

Insider Buying and Selling

In related news, Director Hans Erik Vestberg sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the sale, the director owned 145,069 shares in the company, valued at $7,196,873.09. This represents a 57.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the company's stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the sale, the senior vice president owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is owned by corporate insiders.

Verizon Communications Stock Performance

VZ opened at $47.38 on Thursday. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week 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 $197.85 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.00 and a beta of 0.24. The firm's 50-day moving average price is $48.86 and its 200-day moving average price is $44.15.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.07. The firm had revenue of $34.44 billion for 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%.Verizon Communications's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Verizon Communications Company 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.

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