TMB Capital Partners LLC Acquires New Position in Verizon Communications Inc. $VZ

Key Points

• TMB Capital Partners initiated a new position in Verizon during the fourth quarter, buying 42,018 shares valued at about $1.71 million.
• Verizon reported Q1 earnings of $1.28 per share, beating estimates, while revenue came in at $34.44 billion, slightly below expectations but still up 2.7% year over year.
• The company declared a quarterly dividend of $0.7075 per share, implying an annualized yield of about 6.2%; analysts currently view the stock as a Moderate Buy with an average price target of $50.59.

TMB Capital Partners LLC acquired a new stake in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,018 shares of the cell phone carrier's stock, valued at approximately $1,711,000.

A number of other large investors also recently bought and sold shares of VZ. Strengthening Families & Communities LLC lifted its stake in Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier's stock worth $26,000 after purchasing an additional 539 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in shares of Verizon Communications in the 4th quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Verizon Communications during the 3rd quarter valued at about $29,000. EQ Wealth Advisors LLC acquired a new stake in Verizon Communications during the fourth quarter worth about $29,000. Finally, Sarver Vrooman Wealth Advisors raised its stake in Verizon Communications by 173.0% during 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 own 62.06% of the company's stock.

Verizon Communications Stock Performance

Shares of VZ opened at $45.44 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The firm's 50 day moving average is $46.97 and its 200-day moving average is $45.66. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The stock has a market capitalization of $189.72 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.12 and a beta of 0.24.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.07. The business had revenue of $34.44 billion for 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 company's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts anticipate that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.

Verizon Communications Announces Dividend

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

Key Stories Impacting Verizon Communications

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

• Positive Sentiment: Verizon unveiled a customer offer that removes two major fees, part of a broader loyalty push that also eliminates activation/upgrade charges. That could help improve retention and ease pressure from elevated wireless churn, potentially supporting revenue stability. Verizon adds new offer that removes 2 major fees for customers
• Neutral Sentiment: Verizon completed the expiration and final results of several debt exchange/tender and consent solicitations, a balance-sheet management move that is likely routine rather than a major near-term earnings driver. Verizon announces expiration and final results of its private exchange offers and consent solicitations for 11 series of notes
• Neutral Sentiment: Verizon also announced final results for tender offers and consent solicitations across multiple note series, which may modestly support financial flexibility but does not change the core operating outlook by itself. Verizon announces expiration and final results of its tender offers and consent solicitations for 20 series of Verizon and certain of its subsidiaries' notes
• Neutral Sentiment: Several articles noted that Verizon remains on investor watch lists because of its dividend yield and valuation, but these pieces were mostly commentary rather than new company-specific catalysts. Why Is Verizon Communications NYSE: VZ Drawing Telecom Investor Attention?
• Negative Sentiment: Recent trading showed VZ underperforming the broader market, with investors still concerned about competitive pressure and churn in the wireless business. Verizon Communications (VZ) Falls More Steeply Than Broader Market: What Investors Need to Know

Analysts Set New Price Targets

A number of research analysts recently commented on VZ shares. Freedom Capital upgraded Verizon Communications to a "hold" rating in a research note on Friday, June 12th. Weiss Ratings reissued a "buy (b)" rating on shares of Verizon Communications in a report on Friday, May 29th. Barclays upped their price target on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 31st. Oppenheimer lifted their price objective 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. Finally, Scotiabank raised shares of Verizon Communications from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $50.25 to $54.50 in a research note on Monday, March 9th. One 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 stock. According to data from MarketBeat.com, the stock 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.

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.