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Verizon Communications Inc. $VZ Shares Purchased by SBI Securities Co. Ltd.

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SBI Securities Co. Ltd. raised its holdings in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,057 shares of the cell phone carrier's stock after buying an additional 40,201 shares during the period. SBI Securities Co. Ltd.'s holdings in Verizon Communications were worth $15,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VZ. Brighton Jones LLC lifted its position in Verizon Communications by 61.2% during the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier's stock valued at $1,759,000 after buying an additional 16,704 shares in 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 shares of 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 worth $389,000 after purchasing an additional 443 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Raymond James Financial reissued an "outperform" rating and set a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. Barclays boosted their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 31st. Scotiabank raised shares of Verizon Communications from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $50.25 to $54.50 in a research report on Monday, March 9th. Finally, Erste Group Bank reissued a "hold" rating on shares of Verizon Communications in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.59.

Read Our Latest Stock Report on Verizon Communications

Trending Headlines about Verizon Communications

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

Verizon Communications Trading Down 0.5%

VZ opened at $47.34 on Wednesday. The stock has a market capitalization of $197.68 billion, a PE ratio of 11.55, a P/E/G ratio of 1.00 and a beta of 0.24. The firm's fifty day moving average price is $48.91 and its 200 day moving average price is $44.10. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analysts' expectations of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, research analysts expect that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Insider Buying and Selling at Verizon Communications

In related news, Director Hans Erik Vestberg sold 200,000 shares of the company's stock in a transaction on 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 sale, the director directly owned 145,069 shares of the company's stock, valued at $7,196,873.09. This represents a 57.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the company'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 completion of the sale, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.03% 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.

Further Reading

Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ - Free Report).

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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