Curbstone Financial Management Corp Has $1.48 Million Holdings in Verizon Communications Inc. $VZ

Curbstone Financial Management Corp lowered its stake in Verizon Communications Inc. (NYSE:VZ) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,108 shares of the cell phone carrier’s stock after selling 2,276 shares during the period. Curbstone Financial Management Corp’s holdings in Verizon Communications were worth $1,476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VZ. Garde Capital Inc. acquired a new position in shares of Verizon Communications during the 1st quarter worth about $26,000. Cherry Tree Wealth Management LLC lifted its position in shares of Verizon Communications by 71.8% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 584 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 244 shares during the last quarter. Bulwark Capital Corp acquired a new position in shares of Verizon Communications during the 2nd quarter worth about $25,000. 1 North Wealth Services LLC acquired a new position in shares of Verizon Communications during the 1st quarter worth about $29,000. Finally, Accent Capital Management LLC acquired a new position in Verizon Communications in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on VZ shares. Wall Street Zen cut Verizon Communications from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Arete Research upgraded Verizon Communications to a “strong-buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company increased their price target on Verizon Communications from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Morgan Stanley increased their price target on Verizon Communications from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 22nd. Finally, Scotiabank increased their price target on Verizon Communications from $50.00 to $50.50 and gave the stock a “sector perform” rating in a research report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Verizon Communications currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.63.

Verizon Communications Stock Performance

Shares of Verizon Communications stock opened at $40.56 on Friday. The stock’s fifty day simple moving average is $43.23 and its 200 day simple moving average is $43.10. Verizon Communications Inc. has a 12 month low of $37.58 and a 12 month high of $47.35. The company has a market capitalization of $170.99 billion, a PE ratio of 9.45, a PEG ratio of 3.04 and a beta of 0.37. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.19.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $34.50 billion for the quarter, compared to the consensus estimate of $33.47 billion. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. On average, research analysts predict that Verizon Communications Inc. will post 4.69 EPS for the current year.

Verizon Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 10th will be issued a dividend of $0.69 per share. 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 6.8%. The ex-dividend date is Friday, October 10th. Verizon Communications’s dividend payout ratio is presently 64.34%.

About Verizon Communications

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).