Little House Capital LLC lifted its holdings in Verizon Communications Inc. (NYSE:VZ – Free Report) by 37.5% in the fourth quarter, HoldingsChannel reports. The firm owned 56,687 shares of the cell phone carrier’s stock after buying an additional 15,467 shares during the quarter. Little House Capital LLC’s holdings in Verizon Communications were worth $2,309,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in VZ. Blake Schutter Theil Wealth Advisors LLC increased its holdings in Verizon Communications by 3.8% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock worth $257,000 after purchasing an additional 233 shares during the period. Triton Wealth Management PLLC increased its holdings in Verizon Communications by 2.6% during the 4th quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock worth $377,000 after purchasing an additional 234 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in Verizon Communications by 0.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 27,471 shares of the cell phone carrier’s stock worth $1,119,000 after purchasing an additional 248 shares during the period. Monetary Management Group Inc. increased its holdings in Verizon Communications by 0.8% during the 2nd quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier’s stock worth $1,315,000 after purchasing an additional 250 shares during the period. Finally, Hughes Financial Services LLC increased its holdings in Verizon Communications by 5.3% during the 3rd quarter. Hughes Financial Services LLC now owns 5,035 shares of the cell phone carrier’s stock worth $221,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 62.06% of the company’s stock.
Verizon Communications Price Performance
Shares of VZ opened at $47.77 on Wednesday. The firm’s fifty day simple moving average is $48.31 and its 200-day simple moving average is $44.62. The firm has a market capitalization of $199.45 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.98 and a beta of 0.24. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.
Insider Activity at Verizon Communications
In related news, Director Hans Erik Vestberg sold 200,000 shares of the business’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 completion of the sale, the director owned 145,069 shares in the company, valued at $7,196,873.09. The trade was a 57.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the sale, the senior vice president owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. The trade was a 16.37% decrease in their position. The SEC filing for this sale provides additional information. 0.03% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts have weighed in on VZ shares. Evercore upped their price target on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Weiss Ratings upgraded Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. upped their price target on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. KeyCorp restated a “sector weight” rating on shares of Verizon Communications in a report on Monday, January 26th. Finally, William Blair upgraded shares of Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Verizon Communications currently has an average rating of “Moderate Buy” and an average price target of $50.59.
View Our Latest Research Report on VZ
Verizon Communications News Roundup
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon said it added postpaid phone customers for the first time since 2013, while broadband growth and the Frontier deal are helping retention and supporting the consumer segment. VZ Gains From Solid Traction in the Consumer Segment: Will it Sustain?
- Positive Sentiment: Verizon is being highlighted as an attractive undervalued dividend stock, reinforcing its appeal for income-oriented investors. Is Verizon Communications (VZ) One of the Top 12 Undervalued Dividend Stocks to Buy Now?
- Positive Sentiment: The FCC approved Verizon’s spectrum-related move, and the company is also part of a new satellite-based mobile coverage initiative that could help reduce dead zones and improve network reach over time. T-Mobile US Joins Rivals On Satellite Push To Extend Coverage Story
- Neutral Sentiment: Verizon’s annual Data Breach Investigations Report drew broad media attention, but it is mainly a research publication and not a direct business catalyst for the stock. AI-related data breaches surpass stolen credentials in cyber incidents, Verizon report says
- Neutral Sentiment: Comparisons with AT&T and valuation-focused commentary are keeping Verizon in the spotlight, but these pieces mostly reinforce the company’s steady revenue profile rather than adding a new fundamental catalyst. AT&T vs Verizon. One of These Telecoms Has Raised Its Dividend 20 Straight Times and the Market Is Finally Noticing
- Negative Sentiment: Some market commentary continues to flag Verizon as a potentially risky Dow stock, reflecting lingering concerns about growth and the telecom sector’s maturity. 3 Dow Jones Stocks We Find Risky
About Verizon Communications
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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