Sage Capital Advisors llc Has $9.05 Million Stock Holdings in Verizon Communications Inc. $VZ

Key Points

• Sage Capital Advisors reduced its Verizon stake by 11.3% in the second quarter, selling 27,341 shares and retaining 213,857 shares valued at approximately $9.05 million.
• Verizon reported quarterly EPS of $1.30, beating estimates of $1.27, while revenue fell 0.7% year over year to $34.25 billion. The company issued annualized dividends of $2.83 per share, representing a 6.0% yield.
• Analyst sentiment remains mixed, with Verizon carrying a consensus “Hold” rating and an average price target of $50.84 versus its reported share price of $47.02.

Sage Capital Advisors llc trimmed its stake in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 11.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 213,857 shares of the cell phone carrier's stock after selling 27,341 shares during the quarter. Verizon Communications comprises about 1.9% of Sage Capital Advisors llc's portfolio, making the stock its 13th biggest holding. Sage Capital Advisors llc's holdings in Verizon Communications were worth $9,055,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Alliance Private Wealth LLC increased its position in shares of Verizon Communications by 50.0% in the second quarter. Alliance Private Wealth LLC now owns 40,267 shares of the cell phone carrier's stock worth $1,705,000 after purchasing an additional 13,420 shares during the period. Fulton Bank N.A. raised its stake in Verizon Communications by 2.3% in the second quarter. Fulton Bank N.A. now owns 156,787 shares of the cell phone carrier's stock valued at $6,638,000 after purchasing an additional 3,548 shares in the last quarter. Harrell Investment Partners LLC lifted its position in Verizon Communications by 22.8% during the second quarter. Harrell Investment Partners LLC now owns 100,255 shares of the cell phone carrier's stock worth $4,245,000 after purchasing an additional 18,581 shares during the period. First Bank & Trust grew its stake in Verizon Communications by 10.4% during the second quarter. First Bank & Trust now owns 90,579 shares of the cell phone carrier's stock worth $3,835,000 after buying an additional 8,541 shares in the last quarter. Finally, Shrier Wealth Management LLC grew its stake in Verizon Communications by 0.7% during the second quarter. Shrier Wealth Management LLC now owns 45,084 shares of the cell phone carrier's stock worth $1,909,000 after buying an additional 306 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Price Performance

Shares of VZ opened at $47.02 on Tuesday. The business has a 50-day simple moving average of $45.17 and a two-hundred day simple moving average of $46.81. The stock has a market cap of $195.36 billion, a PE ratio of 12.24, a PEG ratio of 1.31 and a beta of 0.25. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, topping the consensus estimate of $1.27 by $0.03. The business had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm's revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Analysts anticipate that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Friday, July 10th. Verizon Communications's dividend payout ratio is presently 73.70%.

Analyst Upgrades and Downgrades

Several research firms have commented on VZ. Moffett Nathanson decreased their target price on shares of Verizon Communications from $56.00 to $49.00 and set a "neutral" rating on the stock in a report on Monday, July 20th. Weiss Ratings restated a "buy (b)" rating on shares of Verizon Communications in a research report on Friday, May 29th. Scotiabank upped their target price on Verizon Communications from $51.50 to $52.50 and gave the stock a "sector outperform" rating in a research note on Monday, July 27th. JPMorgan Chase & Co. raised their target price on Verizon Communications from $49.00 to $52.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Finally, TD Cowen lifted their price target on Verizon Communications from $54.00 to $56.00 and gave the company a "buy" rating in a research note on Monday, July 27th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, Verizon Communications has a consensus rating of "Hold" and a consensus target price of $50.84.

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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