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Foundations Investment Advisors LLC Has $15.61 Million Stock Holdings in Verizon Communications Inc. $VZ

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Key Points

  • Foundations Investment Advisors LLC increased its Verizon stake by 19.5% in the fourth quarter, adding 62,461 shares to reach 383,281 shares valued at about $15.61 million.
  • Verizon recently reported better-than-expected earnings, with quarterly EPS of $1.28 topping estimates, while revenue rose 2.7% year over year to $34.44 billion.
  • Analyst sentiment remains mixed but constructive, with Verizon holding a Moderate Buy consensus and an average price target of $50.59; meanwhile, insider Mary-Lee Stillwell sold 8,569 shares in March.
  • Five stocks we like better than Verizon Communications.

Foundations Investment Advisors LLC boosted its stake in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 383,281 shares of the cell phone carrier's stock after purchasing an additional 62,461 shares during the period. Foundations Investment Advisors LLC's holdings in Verizon Communications were worth $15,611,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VZ. Brighton Jones LLC boosted its position in Verizon Communications by 61.2% during the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier's stock valued at $1,759,000 after purchasing an additional 16,704 shares during the last quarter. United Bank boosted its position in Verizon Communications by 11.5% during the second quarter. United Bank now owns 7,843 shares of the cell phone carrier's stock valued at $339,000 after purchasing an additional 806 shares during the last quarter. Jump Financial LLC boosted its position in Verizon Communications by 312.0% during the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier's stock valued at $1,023,000 after purchasing an additional 17,901 shares during the last quarter. HUB Investment Partners LLC boosted its position in Verizon Communications by 17.2% during the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier's stock valued at $1,779,000 after purchasing an additional 6,034 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its position in Verizon Communications by 5.2% during the second quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier's stock valued at $389,000 after purchasing an additional 443 shares during the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Key Verizon Communications News

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

Insider Buying and Selling

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

Verizon Communications Price Performance

Shares of NYSE VZ opened at $48.30 on Thursday. The firm has a market cap of $201.70 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.16 and a beta of 0.24. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The business's 50 day moving average is $48.01 and its 200-day moving average is $44.99.

Verizon Communications (NYSE:VZ - Get Free Report) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.07. The company 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%.The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts predict that Verizon Communications Inc. will post 4.96 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on VZ shares. Dbs Bank cut Verizon Communications from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 7th. Citigroup increased their price target on Verizon Communications from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Oppenheimer raised their price objective on Verizon Communications from $50.00 to $56.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. Weiss Ratings raised Verizon Communications from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 5th. Finally, Morgan Stanley raised their price objective on Verizon Communications from $49.00 to $50.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Verizon Communications presently has an average rating of "Moderate Buy" and a consensus target price of $50.59.

Check Out Our Latest Analysis on VZ

Verizon Communications 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.

Read More

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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