DeDora Capital Inc. Has $387,000 Position in Verizon Communications Inc. $VZ

Key Points

• DeDora Capital Inc. reduced its stake in Verizon Communications Inc. by 43.9%, owning 8,950 shares valued at $387,000 as of the most recent filing.
• Verizon reported $1.22 earnings per share for the last quarter, exceeding estimates, and set its FY 2025 guidance between $4.636 and $4.728 EPS.
• The company announced a quarterly dividend increase to $0.69 per share, resulting in a 6.8% yield and a payout ratio of 64.34%.

DeDora Capital Inc. cut its holdings in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 43.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,950 shares of the cell phone carrier's stock after selling 6,992 shares during the quarter. DeDora Capital Inc.'s holdings in Verizon Communications were worth $387,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Verizon Communications by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 368,171,941 shares of the cell phone carrier's stock valued at $16,700,279,000 after purchasing an additional 4,347,416 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Verizon Communications by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 109,866,405 shares of the cell phone carrier's stock valued at $4,983,225,000 after purchasing an additional 1,172,175 shares during the period. GQG Partners LLC boosted its stake in Verizon Communications by 303.9% in the 1st quarter. GQG Partners LLC now owns 49,859,967 shares of the cell phone carrier's stock valued at $2,261,648,000 after purchasing an additional 37,516,167 shares during the period. Northern Trust Corp boosted its stake in Verizon Communications by 1.0% in the 1st quarter. Northern Trust Corp now owns 45,475,099 shares of the cell phone carrier's stock valued at $2,062,750,000 after purchasing an additional 431,789 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Verizon Communications by 8.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,993,829 shares of the cell phone carrier's stock valued at $1,904,840,000 after purchasing an additional 3,100,342 shares during the period. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Stock Performance

NYSE:VZ opened at $40.56 on Friday. The stock has a fifty day moving average price of $43.23 and a 200-day moving average price of $43.09. The company has a market cap of $170.99 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 3.06 and a beta of 0.37. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.60 and a current ratio of 0.64. Verizon Communications Inc. has a fifty-two week low of $37.58 and a fifty-two week high of $47.35.

Verizon Communications (NYSE:VZ - Get Free Report) last released its earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The firm had revenue of $34.50 billion during the quarter, compared to the consensus estimate of $33.47 billion. During the same period in the prior year, the company posted $1.15 EPS. The company's revenue was up 5.2% compared to the same quarter last year. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. As a group, equities analysts anticipate that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.69 per share. The ex-dividend date is Friday, October 10th. This represents a $2.76 annualized dividend and a dividend yield of 6.8%. This is an increase from Verizon Communications's previous quarterly dividend of $0.68. Verizon Communications's dividend payout ratio is currently 64.34%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VZ shares. Arete Research upgraded Verizon Communications to a "strong-buy" rating in a research note on Tuesday, July 8th. Morgan Stanley boosted their price target on Verizon Communications from $47.00 to $48.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada boosted their price target on Verizon Communications from $45.00 to $46.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 22nd. Wall Street Zen downgraded Verizon Communications from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Finally, Scotiabank boosted their price target on Verizon Communications from $50.00 to $50.50 and gave the company a "sector perform" rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.63.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

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