M Holdings Securities Inc. 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 13F filing with the SEC. The institutional investor purchased 67,447 shares of the cell phone carrier's stock, valued at approximately $2,747,000.
Other hedge funds have also bought and sold shares of the company. Strengthening Families & Communities LLC increased its stake in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier's stock worth $26,000 after acquiring an additional 539 shares during the period. Holos Integrated Wealth LLC acquired a new stake in shares of Verizon Communications in the fourth quarter worth $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Verizon Communications in the third quarter worth $29,000. EQ Wealth Advisors LLC acquired a new stake in shares of Verizon Communications in the fourth quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors increased its stake in shares of Verizon Communications by 173.0% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier's stock worth $29,000 after acquiring an additional 448 shares during the period. Institutional investors and hedge funds own 62.06% of the company's stock.
Key Verizon Communications News
Here are the key news stories impacting Verizon Communications this week:
Verizon Communications Stock Performance
VZ opened at $46.95 on Thursday. The firm's fifty day simple moving average is $47.29 and its two-hundred day simple moving average is $45.41. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The company has a market cap of $196.06 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.12 and a beta of 0.24. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68.
Verizon Communications (NYSE:VZ - Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts anticipate that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.
Verizon Communications Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.7075 dividend. This represents a $2.83 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications's dividend payout ratio (DPR) is currently 69.02%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on VZ. Raymond James Financial reiterated an "outperform" rating and issued a $56.00 price objective on shares of Verizon Communications in a research note on Thursday, March 12th. JPMorgan Chase & Co. increased their price target on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Dbs Bank downgraded shares of Verizon Communications from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 7th. Citigroup increased their price target on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Friday, March 20th. Finally, Erste Group Bank reissued a "hold" rating on shares of Verizon Communications in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.59.
Check Out Our Latest Research Report on Verizon Communications
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.
See Also
Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ - Free Report).

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