Verizon Communications Inc. $VZ Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 8.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,758,725 shares of the cell phone carrier's stock after acquiring an additional 226,439 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.07% of Verizon Communications worth $128,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Verizon Communications by 3.5% in the 4th quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier's stock valued at $9,080,810,000 after buying an additional 7,461,335 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Verizon Communications by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier's stock valued at $4,747,930,000 after acquiring an additional 5,851,715 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Verizon Communications by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier's stock valued at $4,168,080,000 after buying an additional 867,694 shares during the period. Bank of America Corp DE boosted its stake in shares of Verizon Communications by 15.4% in the 1st quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier's stock valued at $3,117,471,000 after buying an additional 8,289,877 shares during the period. Finally, Norges Bank acquired a new position in shares of Verizon Communications during the fourth quarter worth about $2,357,158,000. Institutional investors and hedge funds own 62.06% of the company's stock.

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $50.11 on Friday. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The firm has a market capitalization of $208.20 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 1.40 and a beta of 0.25. The business's 50 day simple moving average is $45.91 and its 200-day simple moving average is $47.42. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57.

Verizon Communications (NYSE:VZ - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (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 business 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 EPS. The business'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 analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

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

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $50.06, for a total value of $55,066.00. Following the completion of the transaction, the chief executive officer directly owned 108,766 shares in the company, valued at approximately $5,444,825.96. The trade was a 1.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VZ has been the topic of several analyst reports. Royal Bank Of Canada raised their target price on shares of Verizon Communications from $46.00 to $47.00 and gave the company a "sector perform" rating in a report on Monday, July 27th. BNP Paribas Exane dropped their price target on shares of Verizon Communications from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Freedom Capital upgraded Verizon Communications to a "hold" rating in a research report on Friday, June 12th. Barclays upped their price target on shares of Verizon Communications from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Monday, July 27th. Finally, Morgan Stanley increased 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. Nine analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Verizon Communications presently has an average rating of "Hold" and an average target price 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.

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