Marble Wealth LLC Takes $1.56 Million Position in Verizon Communications Inc. $VZ

Key Points

• Marble Wealth LLC opened a new position in Verizon Communications during the fourth quarter, buying 38,277 shares valued at about $1.56 million.
• Verizon shares were trading around $47.89, with the stock up slightly and carrying a market cap near $200 billion; institutional investors now own about 62.06% of the company.
• Verizon’s latest quarterly results beat earnings expectations with $1.28 EPS, though revenue came in a bit below forecasts. Analysts currently view the stock as a Moderate Buy with an average price target of $50.59.

Marble Wealth LLC purchased a new stake in Verizon Communications Inc. (NYSE:VZ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,277 shares of the cell phone carrier's stock, valued at approximately $1,559,000.

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

Verizon Communications Trading Up 0.3%

Verizon Communications stock opened at $47.89 on Wednesday. The stock has a market cap of $199.96 billion, a PE ratio of 11.68, a P/E/G ratio of 1.14 and a beta of 0.24. The stock has a 50-day moving average price of $47.89 and a 200 day moving average price of $45.16. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68. 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 (NYSE:VZ - Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating 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 return on equity of 19.25% and a net margin of 12.46%.The firm's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. 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 fiscal year.

Wall Street Analyst Weigh In

VZ has been the subject of a number of recent research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Verizon Communications in a research report on Friday. Morgan Stanley lifted their price objective on Verizon Communications from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. Erste Group Bank reiterated a "hold" rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on Verizon Communications from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. Finally, Scotiabank upgraded Verizon Communications from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $50.25 to $54.50 in a research report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Verizon Communications presently has a consensus rating of "Moderate Buy" and an average price target of $50.59.

More Verizon Communications News

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

• Positive Sentiment: Verizon announced pricing terms for its tender offers and consent solicitations across 20 series of notes, part of an effort to refinance or retire debt and streamline its capital structure. Markets often view these moves as supportive of future cash flow flexibility. Verizon announces pricing terms of its tender offers and consent solicitations for 20 series of Verizon and certain of its subsidiaries’ notes
• Positive Sentiment: Verizon also reported early results and extended the early participation date on its debt exchange/tender programs, suggesting solid holder participation and continued progress on liability management. Verizon announces extension of early participation date and early results of its private exchange offers and consent solicitations for 11 series of notes open to certain investors
• Positive Sentiment: Array Digital Infrastructure completed the sale of select spectrum assets to Verizon for $1.0 billion, reinforcing Verizon’s long-term network investment strategy and spectrum position. Array completes sale of select spectrum assets to Verizon for 1.0 billion
• Neutral Sentiment: A separate article highlighted Verizon as a high-yield dividend stock with attractive valuation and growing cash flow, which supports the investment case but is not a new company-specific catalyst. Verizon’s Growing Cash Flow Continues to Support its Dividend
• Neutral Sentiment: Another piece said Verizon has pulled back recently but remains up over the past year, framing the stock as potentially undervalued after mixed earnings signals rather than indicating a fresh operational problem. Assessing Verizon VZ Valuation After Recent Pullback And Mixed Earnings Signals

Verizon Communications Company Profile

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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