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Verizon Communications Inc. $VZ Shares Acquired by Vanguard Group Inc.

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Key Points

  • Vanguard Group increased its stake in Verizon by 1.5% in Q4, owning 379,402,347 shares (about 9% of the company) after adding 5,497,598 shares, a position valued at roughly $15.45 billion.
  • Verizon raised its quarterly dividend to $0.7075 (annualized $2.83), implying a ~6.1% yield; the ex-dividend date is April 10 and the payment date is May 1.
  • Q4 results topped expectations with $1.09 EPS vs. $1.06 expected and $36.38B revenue vs. $36.20B expected, and Verizon set FY2026 guidance of $4.900–$4.950 EPS (analysts ~4.9 EPS).
  • Five stocks to consider instead of Verizon Communications.

Vanguard Group Inc. increased its stake in Verizon Communications Inc. (NYSE:VZ - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 379,402,347 shares of the cell phone carrier's stock after acquiring an additional 5,497,598 shares during the period. Vanguard Group Inc. owned approximately 9.00% of Verizon Communications worth $15,453,058,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of VZ. Brighton Jones LLC boosted its position in shares of Verizon Communications by 61.2% in the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier's stock worth $1,759,000 after acquiring an additional 16,704 shares during the last quarter. United Bank lifted its position in 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 buying an additional 806 shares in the last quarter. Jump Financial LLC lifted its position in Verizon Communications by 312.0% during the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier's stock valued at $1,023,000 after buying an additional 17,901 shares in the last quarter. HUB Investment Partners LLC lifted its position in Verizon Communications by 17.2% during 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 buying an additional 6,034 shares in the last quarter. Finally, Vivaldi Capital Management LP lifted its position in 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 in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Trading Down 1.6%

NYSE VZ opened at $46.46 on Friday. The company's fifty day simple moving average is $49.06 and its 200-day simple moving average is $43.84. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The stock has a market cap of $194.20 billion, a P/E ratio of 11.47, a PEG ratio of 1.21 and a beta of 0.29.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its earnings results on Friday, January 30th. The cell phone carrier reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.03. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. The business had revenue of $36.38 billion for the quarter, compared to analysts' expectations of $36.20 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. Equities research analysts predict that Verizon Communications Inc. will post 4.9 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, April 10th. This is an increase from Verizon Communications's previous quarterly dividend of $0.69. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.1%. Verizon Communications's dividend payout ratio is presently 69.88%.

More Verizon Communications News

Here are the key news stories impacting Verizon Communications this week:

Analyst Ratings Changes

A number of brokerages have weighed in on VZ. Evercore lifted their price target on shares of Verizon Communications from $48.00 to $50.00 and gave the company an "outperform" rating in a research report on Monday, February 2nd. Raymond James Financial reaffirmed an "outperform" rating and set a $56.00 price target on shares of Verizon Communications in a research report on Thursday, March 12th. Scotiabank raised shares of Verizon Communications from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Morgan Stanley began coverage on shares of Verizon Communications in a research report on Thursday, April 16th. They set an "equal weight" rating and a $49.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Verizon Communications from $41.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $50.56.

Get Our Latest Stock Report on VZ

Insider Transactions at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the transaction, the senior vice president directly owned 43,782 shares of the company's stock, valued at approximately $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of the business's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the transaction, the director directly owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 218,148 shares of company stock valued at $10,780,356. Corporate insiders own 0.10% of the company's stock.

Verizon Communications Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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.

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