Compass Financial Management LLC Invests $1.48 Million in Verizon Communications Inc. $VZ

Key Points

• Compass Financial Management initiated a Verizon position worth approximately $1.48 million by purchasing 33,595 shares in the second quarter. Institutional investors collectively own 62.06% of Verizon’s stock.
• Verizon reported quarterly EPS of $1.30, beating estimates of $1.27, although revenue of $34.25 billion fell short of expectations and declined 0.7% year over year.
• Analyst sentiment remains mixed, with Verizon receiving an average “Hold” rating and a consensus price target of $50.97; shares recently opened at $50.15.

Compass Financial Management LLC bought a new position in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 33,595 shares of the cell phone carrier's stock, valued at approximately $1,484,000.

Several other large investors have also recently bought and sold shares of VZ. Strengthening Families & Communities LLC lifted its holdings in 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 buying an additional 539 shares during the last quarter. Gill Capital Partners LLC increased its holdings in shares of Verizon Communications by 74.6% in the 2nd quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier's stock valued at $26,000 after acquiring an additional 265 shares during the last quarter. Robinswood Financial LLC acquired a new stake in shares of Verizon Communications during the 1st quarter worth about $27,000. Lam Group Inc. acquired a new stake in shares of Verizon Communications during the 1st quarter worth about $28,000. Finally, Sarver Vrooman Wealth Advisors lifted its stake in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier's stock worth $29,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company's stock.

Verizon Communications Price Performance

Shares of NYSE VZ opened at $50.15 on Friday. The stock has a fifty day moving average price of $46.32 and a 200 day moving average price of $47.48. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. The company has a market cap of $208.36 billion, a PE ratio of 13.06, a P/E/G ratio of 1.70 and a beta of 0.26.

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

Insider Activity

In other news, CEO Kyle Malady sold 1,100 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total transaction of $55,550.00. Following the transaction, the chief executive officer directly owned 107,666 shares in the company, valued at $5,437,133. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,300 shares of company stock worth $164,164 in the last quarter. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

VZ has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on Verizon Communications from $43.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, July 27th. TD Cowen raised their price objective on shares of Verizon Communications from $54.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, July 27th. BNP Paribas Exane reduced their price objective on shares of Verizon Communications from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. Morgan Stanley upped their target price on shares of Verizon Communications from $50.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, July 27th. Finally, Scotiabank increased their target price on shares of Verizon Communications from $51.50 to $52.50 and gave the company a "sector outperform" rating in a research report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Verizon Communications has an average rating of "Hold" and an average price target of $50.97.

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.

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