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Fideuram Asset Management Ireland dac Takes Position in Verizon Communications Inc. $VZ

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Key Points

  • Fideuram Asset Management Ireland dac opened a new position in Verizon Communications in the fourth quarter, buying 96,951 shares valued at about $4.07 million.
  • Verizon’s latest quarterly results topped profit expectations, with EPS of $1.28 beating estimates, though revenue of $34.44 billion came in slightly below forecasts. The company also guided FY 2026 EPS to 4.950–4.990.
  • Analysts remain generally cautious but constructive on the stock, with Verizon holding an average rating of “Moderate Buy” and an average target price of $50.59. Institutional ownership is also high, with hedge funds and other investors holding 62.06% of shares.
  • MarketBeat previews the top five stocks to own by June 1st.

Fideuram Asset Management Ireland dac purchased a new stake in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 96,951 shares of the cell phone carrier's stock, valued at approximately $4,072,000.

Other institutional investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC grew its holdings in shares of Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier's stock valued at $26,000 after buying an additional 539 shares during the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Verizon Communications during the fourth quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Verizon Communications during the third quarter valued at approximately $29,000. EQ Wealth Advisors LLC purchased a new stake in shares of Verizon Communications during the fourth quarter valued at approximately $29,000. Finally, Daytona Street Capital LLC purchased a new stake in shares of Verizon Communications during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 62.06% of the company's stock.

Verizon Communications Trading Down 0.4%

Shares of VZ stock opened at $48.03 on Friday. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The firm has a fifty day moving average price of $47.96 and a 200-day moving average price of $45.05. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The company has a market cap of $200.56 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.15 and a beta of 0.24.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities analysts predict that Verizon Communications Inc. will post 4.96 earnings per share for the current year.

Trending Headlines about Verizon Communications

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on VZ. Sanford C. Bernstein reiterated a "market perform" rating and set a $48.00 price target on shares of Verizon Communications in a report on Monday, February 2nd. Erste Group Bank restated a "hold" rating on shares of Verizon Communications in a report on Tuesday, May 5th. Oppenheimer raised their target price on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an "outperform" rating in a report on Wednesday, March 11th. Williams Trading set a $54.00 target price on shares of Verizon Communications in a report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of Verizon Communications from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Verizon Communications currently has an average rating of "Moderate Buy" and an average target price of $50.59.

View Our Latest Stock Analysis on VZ

Insider Activity

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the completion of the sale, the senior vice president owned 43,782 shares of the company's stock, valued at $2,189,100. The trade was a 16.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

Verizon Communications Company 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.

Further Reading

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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