Natixis Advisors LLC Buys 119,538 Shares of Verizon Communications Inc. $VZ

Natixis Advisors LLC boosted its stake in Verizon Communications Inc. (NYSE:VZFree Report) by 4.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,590,030 shares of the cell phone carrier’s stock after buying an additional 119,538 shares during the period. Natixis Advisors LLC owned 0.06% of Verizon Communications worth $113,832,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Verizon Communications by 61.2% in the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after purchasing an additional 16,704 shares during the period. United Bank grew its stake in Verizon Communications by 11.5% in the second quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock worth $339,000 after purchasing an additional 806 shares during the period. Modera Wealth Management LLC grew its stake in Verizon Communications by 21.4% in the second quarter. Modera Wealth Management LLC now owns 23,912 shares of the cell phone carrier’s stock worth $1,035,000 after purchasing an additional 4,221 shares during the period. Savant Capital LLC raised its holdings in Verizon Communications by 16.0% in the second quarter. Savant Capital LLC now owns 112,083 shares of the cell phone carrier’s stock worth $4,850,000 after purchasing an additional 15,468 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in Verizon Communications in the second quarter worth $489,000. 62.06% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. The trade was a 16.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph J. Russo sold 9,579 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $44.88, for a total value of $429,905.52. Following the completion of the transaction, the executive vice president directly owned 44,045 shares in the company, valued at $1,976,739.60. This trade represents a 17.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 218,148 shares of company stock worth $10,780,356 over the last 90 days. 0.10% of the stock is currently owned by insiders.

Key Stories Impacting Verizon Communications

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

Verizon Communications Trading Down 0.0%

NYSE VZ opened at $51.17 on Monday. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.41. 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’s fifty day moving average price is $44.40 and its 200-day moving average price is $42.59. The stock has a market cap of $215.82 billion, a P/E ratio of 12.63, a P/E/G ratio of 2.14 and a beta of 0.30.

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

Verizon Communications Increases Dividend

The company 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 $0.7075 dividend. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. This represents a $2.83 annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Friday, April 10th. Verizon Communications’s payout ratio is currently 68.15%.

Analysts Set New Price Targets

A number of analysts have recently commented on VZ shares. Weiss Ratings upgraded shares of Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Wells Fargo & Company increased their price target on shares of Verizon Communications from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. Scotiabank lifted their price target on shares of Verizon Communications from $48.00 to $50.25 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Verizon Communications from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.02.

View Our Latest Stock Report on VZ

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

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

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