Nomura Asset Management Co. Ltd. Grows Stock Holdings in Verizon Communications Inc. $VZ

Nomura Asset Management Co. Ltd. raised its position in Verizon Communications Inc. (NYSE:VZ) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,615,310 shares of the cell phone carrier’s stock after acquiring an additional 41,268 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Verizon Communications were worth $65,792,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Strengthening Families & Communities LLC increased its position in shares of Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares during the period. Holos Integrated Wealth LLC purchased a new position in shares of Verizon Communications during the fourth quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Verizon Communications during the third quarter valued at about $29,000. EQ Wealth Advisors LLC purchased a new position in shares of Verizon Communications during the fourth quarter valued at about $29,000. Finally, Daytona Street Capital LLC purchased a new position in shares of Verizon Communications during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

VZ has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley boosted their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Barclays boosted their price target on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Verizon Communications presently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Trading Up 0.1%

NYSE:VZ opened at $47.84 on Monday. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The company’s 50-day simple moving average is $47.93 and its 200 day simple moving average is $45.11. The firm has a market capitalization of $199.78 billion, a P/E ratio of 11.67, a PEG ratio of 1.14 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, analysts forecast that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Verizon Communications Profile

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.