Trivium Point Advisory LLC Boosts Stock Position in Verizon Communications Inc. $VZ

Key Points

• Trivium Point Advisory LLC increased its stake in Verizon Communications Inc. by 31.9%, holding 50,762 shares valued at approximately $2.2 million as of the latest SEC filing.
• Several major investors, including Vanguard Group and Charles Schwab, have also grown their positions in Verizon, indicating strong institutional interest with over 62% of shares owned by institutional investors.
• Verizon recently announced a dividend increase to $0.69 per share, reflecting a 6.4% yield and signaling a positive trend in shareholder returns.

Trivium Point Advisory LLC grew its holdings in Verizon Communications Inc. (NYSE:VZ - Free Report) by 31.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,762 shares of the cell phone carrier's stock after buying an additional 12,285 shares during the quarter. Trivium Point Advisory LLC's holdings in Verizon Communications were worth $2,196,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Verizon Communications by 1.2% during the first quarter. Vanguard Group Inc. now owns 368,171,941 shares of the cell phone carrier's stock worth $16,700,279,000 after purchasing an additional 4,347,416 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Verizon Communications by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 109,866,405 shares of the cell phone carrier's stock worth $4,983,225,000 after purchasing an additional 1,172,175 shares in the last quarter. GQG Partners LLC increased its position in shares of Verizon Communications by 303.9% during the first quarter. GQG Partners LLC now owns 49,859,967 shares of the cell phone carrier's stock worth $2,261,648,000 after purchasing an additional 37,516,167 shares in the last quarter. Northern Trust Corp increased its position in shares of Verizon Communications by 1.0% during the first quarter. Northern Trust Corp now owns 45,475,099 shares of the cell phone carrier's stock worth $2,062,750,000 after purchasing an additional 431,789 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Verizon Communications by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,993,829 shares of the cell phone carrier's stock worth $1,904,840,000 after purchasing an additional 3,100,342 shares in the last quarter. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on VZ. Wells Fargo & Company boosted their price target on Verizon Communications from $42.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. The Goldman Sachs Group began coverage on Verizon Communications in a research report on Tuesday, September 2nd. They set a "buy" rating and a $49.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Verizon Communications from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Wall Street Zen cut Verizon Communications from a "buy" rating to a "hold" rating in a report on Friday. Finally, Morgan Stanley upped their target price on Verizon Communications from $47.00 to $48.00 and gave the company an "equal weight" rating in a report on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $47.53.

Verizon Communications Stock Down 0.9%

Shares of NYSE:VZ opened at $43.23 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 1.19. The business has a fifty day moving average of $43.59 and a two-hundred day moving average of $43.35. The stock has a market cap of $182.27 billion, a P/E ratio of 10.08, a PEG ratio of 3.37 and a beta of 0.36. Verizon Communications Inc. has a 52-week low of $37.58 and a 52-week high of $47.35.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The company had revenue of $34.50 billion during the quarter, compared to analysts' expectations of $33.47 billion. During the same period in the prior year, the business earned $1.15 EPS. The firm's quarterly revenue was up 5.2% on a year-over-year basis. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. On average, research analysts expect that Verizon Communications Inc. will post 4.69 earnings per share for the current year.

Verizon Communications Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be paid a $0.69 dividend. This is a boost from Verizon Communications's previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.76 annualized dividend and a dividend yield of 6.4%. Verizon Communications's dividend payout ratio is currently 63.17%.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

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