Vinva Investment Management Ltd Has $28.72 Million Stock Position in Verizon Communications Inc. $VZ

Vinva Investment Management Ltd increased its stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 118.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 664,074 shares of the cell phone carrier’s stock after acquiring an additional 360,019 shares during the period. Vinva Investment Management Ltd’s holdings in Verizon Communications were worth $28,721,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of VZ. Hudock Inc. increased its position in shares of Verizon Communications by 0.6% during the 2nd quarter. Hudock Inc. now owns 39,842 shares of the cell phone carrier’s stock worth $1,724,000 after purchasing an additional 238 shares during the last quarter. McLean Asset Management Corp raised its stake in shares of Verizon Communications by 2.9% during the 3rd quarter. McLean Asset Management Corp now owns 8,571 shares of the cell phone carrier’s stock worth $355,000 after purchasing an additional 243 shares in the last quarter. Red Spruce Capital LLC boosted its holdings in shares of Verizon Communications by 0.3% in the 3rd quarter. Red Spruce Capital LLC now owns 71,541 shares of the cell phone carrier’s stock valued at $3,144,000 after buying an additional 246 shares during the last quarter. Camden National Bank grew its stake in shares of Verizon Communications by 4.6% in the second quarter. Camden National Bank now owns 5,666 shares of the cell phone carrier’s stock valued at $245,000 after buying an additional 248 shares in the last quarter. Finally, Cascade Financial Partners LLC grew its stake in shares of Verizon Communications by 3.5% in the third quarter. Cascade Financial Partners LLC now owns 7,318 shares of the cell phone carrier’s stock valued at $322,000 after buying an additional 250 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on VZ. Royal Bank Of Canada upped their price target on shares of Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Weiss Ratings raised shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Evercore boosted their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of Verizon Communications in a report on Monday, January 26th. Finally, Wells Fargo & Company raised their target price on shares of Verizon Communications from $41.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.02.

View Our Latest Analysis on Verizon Communications

More Verizon Communications News

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

Verizon Communications Stock Down 0.0%

VZ opened at $51.17 on Friday. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.41. The stock’s fifty day simple moving average is $44.40 and its 200 day simple moving average is $42.60. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The stock has a market cap of $215.82 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.14 and a beta of 0.31.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings data on Friday, January 30th. The cell phone carrier reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. The firm had revenue of $36.38 billion during the quarter, compared to analysts’ expectations of $36.20 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. As a group, research analysts expect that Verizon Communications Inc. will post 4.69 earnings per share for the current year.

Verizon Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be paid a dividend of $0.7075 per share. The ex-dividend date is Friday, April 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.5%. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. Verizon Communications’s dividend payout ratio is 68.15%.

Insider Buying and Selling

In other Verizon Communications news, EVP Joseph J. Russo sold 9,579 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $44.88, for a total value of $429,905.52. Following the transaction, the executive vice president directly owned 44,045 shares of the company’s stock, valued at $1,976,739.60. This represents a 17.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the sale, the director owned 145,069 shares of the company’s stock, valued at $7,196,873.09. This trade represents a 57.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 218,148 shares of company stock valued at $10,780,356. Company insiders own 0.10% of the company’s stock.

Verizon Communications 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.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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