Verizon Communications Inc. $VZ Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its Verizon stake by 7.4% in the second quarter, adding 52,045 shares to reach 757,212 shares valued at approximately $32.1 million. Institutional investors collectively own 62.06% of Verizon.
• Verizon reported quarterly EPS of $1.30, beating the $1.27 consensus estimate, but revenue of $34.25 billion fell short of expectations and declined 0.7% year over year.
• Verizon’s quarterly dividend is $0.7075 per share, equivalent to an annualized $2.83 and a 6.0% yield. Analysts maintain an overall “Hold” rating, with an average price target of $50.84.

PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in Verizon Communications Inc. (NYSE:VZ - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 757,212 shares of the cell phone carrier's stock after purchasing an additional 52,045 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Verizon Communications were worth $32,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC increased 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 worth $1,759,000 after buying an additional 16,704 shares during the period. United Bank grew its stake in shares of Verizon Communications by 11.5% during the second quarter. United Bank now owns 7,843 shares of the cell phone carrier's stock valued at $339,000 after acquiring an additional 806 shares in the last quarter. Jump Financial LLC increased its position in shares of Verizon Communications by 312.0% during the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier's stock worth $1,023,000 after acquiring an additional 17,901 shares during the last quarter. HUB Investment Partners LLC lifted 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 worth $1,779,000 after acquiring an additional 6,034 shares in the last quarter. Finally, Vivaldi Capital Management LP lifted its stake in shares of Verizon Communications by 5.2% in the second quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier's stock worth $389,000 after acquiring an additional 443 shares in the last quarter. Hedge funds and other institutional investors own 62.06% of the company's stock.

Verizon Communications Stock Performance

VZ stock opened at $46.89 on Friday. The stock's 50 day simple moving average is $45.20 and its 200 day simple moving average is $46.70. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The firm has a market cap of $194.80 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.29 and a beta of 0.25. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36.

Verizon Communications (NYSE:VZ - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The firm'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. As a group, equities research analysts predict that Verizon Communications Inc. will post 5.03 EPS for the current year.

Verizon Communications Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on VZ shares. TD Cowen raised their price objective on Verizon Communications from $54.00 to $56.00 and gave the company a "buy" rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Verizon Communications from $49.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Verizon Communications in a research report on Friday, May 29th. Wells Fargo & Company upped their price target on shares of Verizon Communications from $43.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, July 27th. Finally, Moffett Nathanson decreased their price objective on shares of Verizon Communications from $56.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, July 20th. Nine equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $50.84.

Verizon Communications Company 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.

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