Koenig Investment Advisory LLC Acquires Shares of 27,158 Verizon Communications Inc. $VZ

Key Points

• Koenig Investment Advisory LLC opened a new position in Verizon Communications, buying 27,158 shares valued at about $1.106 million. The stock now represents roughly 0.9% of the firm’s portfolio and its 18th largest holding.
• Verizon reported better-than-expected earnings for the quarter, posting $1.28 EPS versus the $1.21 consensus estimate, though revenue of $34.44 billion came in slightly below forecasts. Revenue still rose 2.7% year over year.
• The company announced a quarterly dividend of $0.7075 per share, payable August 3, which annualizes to $2.83 per share and a yield of 6.2%. Analysts currently rate the stock a consensus Moderate Buy with an average price target of $50.59.

Koenig Investment Advisory LLC acquired a new position in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 27,158 shares of the cell phone carrier's stock, valued at approximately $1,106,000. Verizon Communications comprises approximately 0.9% of Koenig Investment Advisory LLC's investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in VZ. Strategic Investment Solutions Inc. IL boosted its position in shares of Verizon Communications by 8.6% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier's stock valued at $113,000 after purchasing an additional 219 shares during the period. Sumitomo Life Insurance Co. grew its stake in Verizon Communications by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier's stock worth $1,426,000 after buying an additional 227 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC increased its position in Verizon Communications by 3.8% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier's stock worth $257,000 after buying an additional 233 shares during the period. Triton Wealth Management PLLC increased its position in Verizon Communications by 2.6% during the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier's stock worth $377,000 after buying an additional 234 shares during the period. Finally, Clearstead Trust LLC lifted its stake in Verizon Communications by 2.5% in the fourth quarter. Clearstead Trust LLC now owns 9,788 shares of the cell phone carrier's stock valued at $399,000 after buying an additional 240 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company's stock.

Verizon Communications Stock Up 0.1%

Shares of Verizon Communications stock opened at $45.44 on Friday. The company has a market cap of $189.72 billion, a P/E ratio of 11.08, a PEG ratio of 1.11 and a beta of 0.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The firm has a fifty day moving average of $46.92 and a two-hundred day moving average of $45.66.

Verizon Communications (NYSE:VZ - Get Free Report) last released its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion during the quarter, compared to analysts' expectations of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business's revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, analysts forecast that Verizon Communications Inc. will post 4.97 earnings per share for the current year.

Verizon Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.7075 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.2%. Verizon Communications's dividend payout ratio (DPR) is presently 69.02%.

Analyst Ratings Changes

VZ has been the subject of several research analyst reports. Erste Group Bank reissued a "hold" rating on shares of Verizon Communications in a report on Tuesday, May 5th. Wells Fargo & Company lifted their target price on shares of Verizon Communications from $44.00 to $46.00 and gave the company an "equal weight" rating in a report on Tuesday, April 28th. Oppenheimer upped their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. Citigroup raised their price objective on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Verizon Communications in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Verizon Communications currently has a consensus rating of "Moderate Buy" and an average price target of $50.59.

About Verizon Communications

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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