Verizon Communications Inc. $VZ Position Raised by Cardano Risk Management B.V.

Key Points

• Cardano Risk Management B.V. increased its Verizon stake by 3.5% in the second quarter, acquiring 80,109 additional shares and bringing its holdings to 2.37 million shares valued at approximately $100.5 million. Institutional investors collectively own 62.06% of Verizon.
• Verizon reported quarterly EPS of $1.30, above the $1.27 consensus estimate, while revenue of $34.25 billion declined 0.7% year over year and fell short of expectations. The company maintained fiscal 2026 EPS guidance of $4.99–$5.04.
• Verizon’s shares opened at $47.00, and the company’s quarterly dividend equates to $2.83 annually and a 6.0% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $50.84.

Cardano Risk Management B.V. grew its position in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,372,766 shares of the cell phone carrier's stock after acquiring an additional 80,109 shares during the quarter. Cardano Risk Management B.V. owned about 0.06% of Verizon Communications worth $100,463,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Verizon Communications by 61.2% during the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier's stock valued at $1,759,000 after purchasing an additional 16,704 shares during the period. United Bank increased its stake in shares of Verizon Communications by 11.5% in the second quarter. United Bank now owns 7,843 shares of the cell phone carrier's stock valued at $339,000 after purchasing an additional 806 shares during the period. Jump Financial LLC increased its stake in shares of Verizon Communications by 312.0% in the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier's stock valued at $1,023,000 after purchasing an additional 17,901 shares during the period. HUB Investment Partners LLC increased its stake in shares of Verizon Communications by 17.2% in the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier's stock valued at $1,779,000 after purchasing an additional 6,034 shares during the period. Finally, Vivaldi Capital Management LP raised its holdings in shares of Verizon Communications by 5.2% during the second quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier's stock valued at $389,000 after buying an additional 443 shares during the last quarter. Institutional investors own 62.06% of the company's stock.

Verizon Communications Stock Up 0.0%

VZ stock opened at $47.00 on Friday. The firm has a market cap of $195.28 billion, a PE ratio of 12.24, a P/E/G 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 debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $45.19 and a 200 day simple moving average of $46.70.

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

Verizon Communications Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on VZ shares. Morgan Stanley boosted their price objective on Verizon Communications from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Monday, July 27th. BNP Paribas Exane lowered their target price on Verizon Communications from $46.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Wells Fargo & Company lifted their target price on Verizon Communications from $43.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. TD Cowen boosted their price target on Verizon Communications from $54.00 to $56.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased 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, April 30th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $50.84.

Verizon Communications 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source