Daiichi Life Insurance Co. Ltd. Has $19.21 Million Stock Holdings in Verizon Communications Inc. $VZ

Daiichi Life Insurance Co. Ltd. lifted its holdings in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,618 shares of the cell phone carrier's stock after purchasing an additional 31,327 shares during the period. Daiichi Life Insurance Co. Ltd.'s holdings in Verizon Communications were worth $19,206,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VZ. Robinswood Financial LLC acquired a new position in Verizon Communications in the first quarter valued at approximately $27,000. Lam Group Inc. acquired a new stake in shares of Verizon Communications during the 1st quarter worth approximately $28,000. Strengthening Families & Communities LLC increased its stake 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 valued at $26,000 after acquiring an additional 539 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Verizon Communications during the 4th quarter valued at $29,000. Finally, Sarver Vrooman Wealth Advisors lifted its position in shares of Verizon Communications by 173.0% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier's stock valued at $29,000 after acquiring an additional 448 shares during the period. Institutional investors and hedge funds own 62.06% of the company's stock.

Verizon Communications Price Performance

Shares of VZ opened at $50.11 on Friday. The business's fifty day moving average is $45.91 and its 200 day moving average is $47.42. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. The stock has a market cap of $208.20 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.38 and a beta of 0.25.

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. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The business had revenue of $34.25 billion during the quarter, compared to analyst estimates of $35.16 billion. During the same quarter in the previous year, the business posted $1.22 EPS. Verizon Communications's quarterly revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Sell-side analysts anticipate that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

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 dividend of $0.7075 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.6%. Verizon Communications's payout ratio is presently 73.70%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VZ shares. BNP Paribas Exane cut their target price on shares of Verizon Communications from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Barclays lifted their price target on shares of Verizon Communications from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. Scotiabank upped their price objective on shares of Verizon Communications from $51.50 to $52.50 and gave the company a "sector outperform" rating in a report on Monday, July 27th. Royal Bank Of Canada increased their price objective on shares of Verizon Communications from $46.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Monday, July 27th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Verizon Communications in a research note on Wednesday. Nine research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Verizon Communications has a consensus rating of "Hold" and an average price target of $50.84.

Insider Activity at Verizon Communications

In related news, CEO Kyle Malady sold 1,100 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $50.06, for a total value of $55,066.00. Following the sale, the chief executive officer owned 108,766 shares in the company, valued at $5,444,825.96. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is currently owned by insiders.

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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