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PFA Pension Forsikringsaktieselskab Buys New Shares in Verizon Communications Inc. $VZ

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Key Points

  • PFA Pension Forsikringsaktieselskab bought 2,903,925 new shares of Verizon in Q4, a stake worth approximately $118.19 million (about 0.07% of the company).
  • Verizon reported a Q1 EPS beat ($1.28 vs. $1.21) and set FY2026 guidance of 4.95–4.99 EPS, while analysts have nudged price targets higher (JPMorgan to $52, Citi to $55) and MarketBeat shows an average rating of "Moderate Buy" with a $50.59 target.
  • Company insiders sold 218,148 shares (~$10.78 million) over the last quarter, leaving insiders with just 0.03% ownership, while institutional investors hold about 62.06% of Verizon.
  • MarketBeat previews the top five stocks to own by June 1st.

PFA Pension Forsikringsaktieselskab bought a new stake in Verizon Communications Inc. (NYSE:VZ - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,903,925 shares of the cell phone carrier's stock, valued at approximately $118,190,000. PFA Pension Forsikringsaktieselskab owned about 0.07% of Verizon Communications at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC increased its stake in Verizon Communications by 95.3% in the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier's stock valued at $27,000 after purchasing an additional 305 shares during the last quarter. Foster Dykema Cabot & Partners LLC acquired a new position in Verizon Communications in the third quarter valued at $29,000. Holos Integrated Wealth LLC acquired a new position in Verizon Communications in the fourth quarter valued at $28,000. EQ Wealth Advisors LLC acquired a new stake in Verizon Communications during the fourth quarter worth about $29,000. Finally, Richardson Capital Management LLC acquired a new stake in Verizon Communications during the third quarter worth about $35,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Sanford C. Bernstein restated a "market perform" rating and set a $48.00 price target on shares of Verizon Communications in a research note on Monday, February 2nd. JPMorgan Chase & Co. upped their price target on Verizon Communications from $49.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday. Citigroup upped their price target on Verizon Communications from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, March 20th. Morgan Stanley upped their price target on Verizon Communications from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Finally, William Blair upgraded Verizon Communications to an "outperform" rating in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $50.59.

View Our Latest Report on VZ

Insider Transactions at Verizon Communications

In other news, EVP Joseph J. Russo sold 9,579 shares of the company's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $44.88, for a total value of $429,905.52. Following the completion of the sale, the executive vice president owned 44,045 shares of the company's stock, valued at $1,976,739.60. This represents a 17.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the company's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the sale, the senior vice president directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 218,148 shares of company stock valued at $10,780,356 over the last quarter. Company insiders own 0.03% of the company's stock.

Verizon Communications Price Performance

Shares of NYSE VZ opened at $48.17 on Friday. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The business has a 50-day moving average of $48.94 and a 200-day moving average of $44.00. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.87. The company has a market capitalization of $201.37 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.01 and a beta of 0.29.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its 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. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The company's revenue 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. On average, equities analysts anticipate that Verizon Communications Inc. will post 4.95 EPS for the current fiscal year.

Verizon Communications News Summary

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

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.

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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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