Integrity Alliance LLC. Acquires 16,413 Shares of Verizon Communications Inc. $VZ

Integrity Alliance LLC. boosted its position in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 44.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 53,607 shares of the cell phone carrier’s stock after purchasing an additional 16,413 shares during the quarter. Integrity Alliance LLC.’s holdings in Verizon Communications were worth $2,183,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. grew its stake in shares of Verizon Communications by 4.3% in the third quarter. SBI Securities Co. Ltd. now owns 335,856 shares of the cell phone carrier’s stock worth $14,761,000 after acquiring an additional 13,787 shares during the period. Avanza Fonder AB grew its stake in shares of Verizon Communications by 5.6% in the fourth quarter. Avanza Fonder AB now owns 331,962 shares of the cell phone carrier’s stock worth $13,521,000 after acquiring an additional 17,495 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Verizon Communications by 14.0% in the third quarter. Stratos Wealth Partners LTD. now owns 379,174 shares of the cell phone carrier’s stock worth $16,665,000 after acquiring an additional 46,699 shares during the period. Econ Financial Services Corp grew its stake in shares of Verizon Communications by 23.5% in the fourth quarter. Econ Financial Services Corp now owns 78,172 shares of the cell phone carrier’s stock worth $3,184,000 after acquiring an additional 14,862 shares during the period. Finally, Wedbush Securities Inc. grew its stake in shares of Verizon Communications by 18.4% in the third quarter. Wedbush Securities Inc. now owns 140,981 shares of the cell phone carrier’s stock worth $6,196,000 after acquiring an additional 21,915 shares during the period. 62.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications News Summary

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

Verizon Communications Stock Performance

Shares of NYSE VZ opened at $48.30 on Thursday. The firm has a 50 day moving average of $48.01 and a 200 day moving average of $44.99. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $201.70 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.16 and a beta of 0.24. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68.

Verizon Communications (NYSE:VZGet Free Report) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, research analysts anticipate that Verizon Communications Inc. will post 4.96 earnings per share for the current year.

Analysts Set New Price Targets

VZ has been the subject of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $56.00 price target on shares of Verizon Communications in a research note on Thursday, March 12th. Oppenheimer lifted their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Barclays lifted their price target on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. lifted their price target on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Scotiabank upgraded shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $50.25 to $54.50 in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.59.

Read Our Latest Analysis on Verizon Communications

Insider Transactions at Verizon Communications

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 transaction of $428,450.00. Following the completion of the sale, the senior vice president directly owned 43,782 shares in the company, valued at approximately $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

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.

See Also

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

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