Verizon Communications Inc. $VZ Shares Acquired by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI increased its holdings in Verizon Communications by 50.1%, owning 269,389 shares valued at approximately $11.66 million as of its recent SEC filing.
• Verizon reported earnings of $1.22 per share for the quarter, surpassing the consensus estimate, and had a year-over-year revenue increase of 5.2%.
• The company announced an increased quarterly dividend of $0.69 per share, representing a 6.8% dividend yield and set its FY 2025 EPS guidance at 4.636-4.728.

Commerzbank Aktiengesellschaft FI increased its position in Verizon Communications Inc. (NYSE:VZ - Free Report) by 50.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,389 shares of the cell phone carrier's stock after acquiring an additional 89,957 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Verizon Communications were worth $11,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pinion Investment Advisors LLC grew its holdings in shares of Verizon Communications by 24.6% in the 2nd quarter. Pinion Investment Advisors LLC now owns 6,675 shares of the cell phone carrier's stock worth $289,000 after acquiring an additional 1,319 shares during the period. Moseley Investment Management Inc. grew its holdings in Verizon Communications by 3.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 43,273 shares of the cell phone carrier's stock valued at $1,872,000 after buying an additional 1,371 shares during the last quarter. Callan Family Office LLC grew its holdings in Verizon Communications by 303.3% during the 2nd quarter. Callan Family Office LLC now owns 57,389 shares of the cell phone carrier's stock valued at $2,483,000 after buying an additional 43,158 shares during the last quarter. Blair William & Co. IL grew its holdings in Verizon Communications by 0.8% during the 2nd quarter. Blair William & Co. IL now owns 625,288 shares of the cell phone carrier's stock valued at $27,056,000 after buying an additional 4,964 shares during the last quarter. Finally, TFR Capital LLC. grew its holdings in Verizon Communications by 10.8% during the 2nd quarter. TFR Capital LLC. now owns 9,044 shares of the cell phone carrier's stock valued at $391,000 after buying an additional 880 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company's stock.

Verizon Communications Price Performance

VZ stock opened at $40.85 on Friday. Verizon Communications Inc. has a 52-week low of $37.58 and a 52-week high of $47.35. The stock's fifty day simple moving average is $43.54 and its 200-day simple moving average is $43.29. 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 stock has a market capitalization of $172.24 billion, a price-to-earnings ratio of 9.52, a price-to-earnings-growth ratio of 3.19 and a beta of 0.37.

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 for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $34.50 billion for the quarter, compared to analyst estimates of $33.47 billion. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The business's quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.15 EPS. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. Equities research analysts expect that Verizon Communications Inc. will post 4.69 EPS for the current year.

Verizon Communications Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a $0.69 dividend. This is an increase 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 6.8%. Verizon Communications's dividend payout ratio is 64.34%.

Analyst Ratings Changes

A number of brokerages have commented on VZ. Scotiabank increased their target price on Verizon Communications from $50.00 to $50.50 and gave the company a "sector perform" rating in a report on Monday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Verizon Communications in a report on Wednesday. Royal Bank Of Canada increased their target price on Verizon Communications from $45.00 to $46.00 and gave the company a "sector perform" rating in a report on Tuesday, July 22nd. The Goldman Sachs Group began coverage on Verizon Communications in a report on Tuesday, September 2nd. They set a "buy" rating and a $49.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Verizon Communications from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.63.

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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