Cardano Risk Management B.V. Acquires 80,109 Shares of Verizon Communications Inc. $VZ

Cardano Risk Management B.V. raised its holdings in Verizon Communications Inc. (NYSE:VZ) by 3.5% in the second quarter, Holdings Channel.com reports. The fund owned 2,372,766 shares of the cell phone carrier’s stock after acquiring an additional 80,109 shares during the quarter. Cardano Risk Management B.V.’s holdings in Verizon Communications were worth $100,463,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Robinswood Financial LLC acquired a new position in shares of Verizon Communications during the 1st quarter worth $27,000. Lam Group Inc. acquired a new stake in shares of Verizon Communications in the 1st quarter valued at $28,000. Strengthening Families & Communities LLC boosted its holdings in Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in Verizon Communications in the fourth quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors increased its position in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after buying an additional 448 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications Stock Up 0.0%

Verizon Communications stock opened at $47.00 on Friday. The firm has a market cap of $195.28 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 1.31 and a beta of 0.25. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The firm has a fifty day moving average price of $45.19 and a two-hundred day moving average price of $46.70.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $34.25 billion during the quarter, compared to analysts’ expectations of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.7075 per share. The ex-dividend date was Friday, July 10th. This represents a $2.83 annualized dividend and a yield of 6.0%. Verizon Communications’s dividend payout ratio is presently 73.70%.

Analyst Ratings Changes

A number of brokerages have weighed in on VZ. Freedom Capital raised Verizon Communications to a “hold” rating in a research report on Friday, June 12th. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Royal Bank Of Canada raised their price objective on Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. BNP Paribas Exane reduced their target price on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Finally, Morgan Stanley boosted their target price on Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, July 27th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.84.

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.