Windle Wealth LLC Has $7.68 Million Stock Holdings in Verizon Communications Inc. $VZ

Windle Wealth LLC decreased its stake in Verizon Communications Inc. (NYSE:VZ - Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,587 shares of the cell phone carrier's stock after selling 6,303 shares during the period. Verizon Communications accounts for about 3.8% of Windle Wealth LLC's holdings, making the stock its 14th biggest holding. Windle Wealth LLC's holdings in Verizon Communications were worth $7,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VZ. Brighton Jones LLC increased its stake 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 valued at $1,759,000 after buying an additional 16,704 shares during the period. GAMMA Investing LLC increased its stake in shares of Verizon Communications by 14.7% in the first quarter. GAMMA Investing LLC now owns 68,641 shares of the cell phone carrier's stock valued at $3,114,000 after buying an additional 8,800 shares during the period. Simplicity Wealth LLC acquired a new stake in shares of Verizon Communications in the first quarter valued at about $1,677,000. Parsons Capital Management Inc. RI increased its stake in shares of Verizon Communications by 2.5% in the first quarter. Parsons Capital Management Inc. RI now owns 38,048 shares of the cell phone carrier's stock valued at $1,726,000 after buying an additional 938 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its stake in shares of Verizon Communications by 272.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 23,446 shares of the cell phone carrier's stock valued at $1,064,000 after buying an additional 17,143 shares during the period. Institutional investors and hedge funds own 62.06% of the company's stock.

Verizon Communications Trading Down 0.1%

Shares of Verizon Communications stock opened at $41.35 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.60 and a current ratio of 0.64. Verizon Communications Inc. has a 52 week low of $37.58 and a 52 week high of $47.35. The stock has a 50 day moving average price of $43.58 and a two-hundred day moving average price of $43.30. The stock has a market capitalization of $174.35 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 3.20 and a beta of 0.37.

Verizon Communications (NYSE:VZ - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The cell phone carrier reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The firm had revenue of $34.50 billion during the quarter, compared to analysts' expectations of $33.47 billion. During the same quarter last year, the firm posted $1.15 earnings per share. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. As a group, equities analysts anticipate that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a $0.69 dividend. This is a boost from Verizon Communications's previous quarterly dividend of $0.68. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Friday, October 10th. Verizon Communications's dividend payout ratio is 63.17%.

Analyst Ratings Changes

Several equities research analysts recently commented on VZ shares. Scotiabank raised their target price on Verizon Communications from $50.00 to $50.50 and gave the stock a "sector perform" rating in a research note on Monday. The Goldman Sachs Group started coverage on Verizon Communications in a research note on Tuesday, September 2nd. They set a "buy" rating and a $49.00 target price for the company. Wall Street Zen cut Verizon Communications from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Verizon Communications in a research note on Wednesday. Finally, Morgan Stanley raised their target price on Verizon Communications from $47.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.63.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).

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