Free Trial

Verizon Communications Inc. $VZ Shares Purchased by Lazari Capital Management Inc.

Verizon Communications logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • Lazari Capital Management boosted its stake in Verizon by 48.4% in Q4 to 98,466 shares (added 32,131), valued at about $4.01 million and making VZ its 14th largest holding.
  • Several analysts raised price targets (Oppenheimer to $56, Citigroup to $55, Barclays to $47), leaving a consensus rating of Moderate Buy and a consensus target of $50.56.
  • Verizon raised its quarterly dividend to $0.7075 (annualized $2.83, 6.0% yield), but insiders have sold 218,148 shares (~$10.78M) in the past 90 days while Q1 earnings are set for April 27, a near‑term catalyst.
  • Interested in Verizon Communications? Here are five stocks we like better.

Lazari Capital Management Inc. boosted its holdings in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 48.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,466 shares of the cell phone carrier's stock after buying an additional 32,131 shares during the quarter. Verizon Communications accounts for 1.3% of Lazari Capital Management Inc.'s investment portfolio, making the stock its 14th largest position. Lazari Capital Management Inc.'s holdings in Verizon Communications were worth $4,011,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC increased its position in shares of Verizon Communications by 95.3% during the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier's stock worth $27,000 after acquiring an additional 305 shares during the period. Holos Integrated Wealth LLC purchased a new stake in shares of Verizon Communications during the fourth quarter worth $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of Verizon Communications during the third quarter worth $29,000. Richardson Capital Management LLC purchased a new stake in shares of Verizon Communications during the third quarter worth $35,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of Verizon Communications during the third quarter worth $36,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on VZ. Oppenheimer increased their price target on Verizon Communications from $50.00 to $56.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. Citigroup increased their price target on Verizon Communications from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Barclays increased their price target on Verizon Communications from $43.00 to $47.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 31st. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $48.00 price target on shares of Verizon Communications in a research report on Monday, February 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $56.00 price target on shares of Verizon Communications in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $50.56.

Get Our Latest Stock Analysis on VZ

Insider Activity

In other news, EVP Joseph J. Russo sold 9,579 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $44.88, for a total value of $429,905.52. Following the transaction, the executive vice president owned 44,045 shares in the company, valued at approximately $1,976,739.60. This represents a 17.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total value of $9,922,000.00. Following the completion of the transaction, the director owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 218,148 shares of company stock worth $10,780,356. 0.10% of the stock is currently owned by insiders.

Verizon Communications News Summary

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

Verizon Communications Trading Up 2.7%

VZ opened at $47.23 on Friday. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company has a market cap of $197.43 billion, a P/E ratio of 11.66, a PEG ratio of 1.18 and a beta of 0.29. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.91. The business's 50-day simple moving average is $49.11 and its 200-day simple moving average is $43.79.

Verizon Communications (NYSE:VZ - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The cell phone carrier reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.03. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.The business had revenue of $36.38 billion for the quarter, compared to the consensus estimate of $36.20 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The business's revenue for the quarter was up 2.0% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. As a group, equities research analysts expect that Verizon Communications Inc. will post 4.9 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, April 10th. This is an increase from Verizon Communications's previous quarterly dividend of $0.69. Verizon Communications's dividend payout ratio (DPR) is currently 69.88%.

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.

Featured Stories

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.

Should You Invest $1,000 in Verizon Communications Right Now?

Before you consider Verizon Communications, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verizon Communications wasn't on the list.

While Verizon Communications currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines