Verizon Communications Inc. $VZ Shares Acquired by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory increased its Verizon stake by 81.6% in the second quarter, ending the period with 58,208 shares valued at approximately $2.47 million. Institutional investors collectively own 62.06% of Verizon’s stock.
• Analysts maintain a generally cautious outlook, with Verizon carrying a consensus “Hold” rating and an average price target of $50.84. Recent targets range from $49 to $56.
• Verizon reported quarterly EPS of $1.30, ahead of estimates, though revenue fell 0.7% year over year to $34.25 billion. The company also pays a quarterly dividend of $0.7075, representing a 5.6% annualized yield.

Trivium Point Advisory LLC lifted its position in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 81.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,208 shares of the cell phone carrier's stock after purchasing an additional 26,154 shares during the period. Trivium Point Advisory LLC's holdings in Verizon Communications were worth $2,465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Strengthening Families & Communities LLC raised its stake in Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier's stock valued at $26,000 after buying an additional 539 shares in the last quarter. Robinswood Financial LLC acquired a new position in shares of Verizon Communications during the 1st quarter worth about $27,000. Lam Group Inc. purchased a new position in shares of Verizon Communications in the 1st quarter valued at about $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of Verizon Communications during the 4th quarter worth about $29,000. Finally, Sarver Vrooman Wealth Advisors raised its position in shares of Verizon Communications by 173.0% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 62.06% of the company's stock.

Insider Buying and Selling

In related news, CEO Kyle Malady sold 1,100 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $48.68, for a total value of $53,548.00. Following the completion of the sale, the chief executive officer owned 109,866 shares in the company, valued at $5,348,276.88. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Moffett Nathanson lowered their price target on Verizon Communications from $56.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, July 20th. TD Cowen raised their price objective on shares of Verizon Communications from $54.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Freedom Capital upgraded shares of Verizon Communications to a "hold" rating in a research report on Friday, June 12th. Morgan Stanley upped their target price on shares of Verizon Communications from $50.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, July 27th. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $50.84.

Verizon Communications Stock Up 1.4%

Shares of NYSE VZ opened at $50.12 on Tuesday. The business has a 50-day moving average price of $45.58 and a 200 day moving average price of $47.33. The stock has a market cap of $208.24 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.38 and a beta of 0.25. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68.

Verizon Communications (NYSE:VZ - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, topping the consensus estimate of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The company had revenue of $34.25 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. 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 year.

Verizon Communications Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were issued a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, July 10th. Verizon Communications's payout ratio is presently 73.70%.

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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