Vontobel Holding Ltd. boosted its stake in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,829,935 shares of the cell phone carrier’s stock after buying an additional 207,198 shares during the period. Vontobel Holding Ltd.’s holdings in Verizon Communications were worth $74,533,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. First National Bank of Omaha lifted its holdings in Verizon Communications by 9.9% during the fourth quarter. First National Bank of Omaha now owns 69,500 shares of the cell phone carrier’s stock worth $2,830,000 after buying an additional 6,254 shares during the period. Clarkston Capital Partners LLC lifted its holdings in Verizon Communications by 52.4% during the fourth quarter. Clarkston Capital Partners LLC now owns 7,315 shares of the cell phone carrier’s stock worth $298,000 after buying an additional 2,515 shares during the period. Alchemi Wealth LLC purchased a new stake in Verizon Communications during the fourth quarter worth $646,000. Van Lanschot Kempen Investment Management N.V. purchased a new stake in Verizon Communications during the fourth quarter worth $8,483,000. Finally, Banco Santander S.A. lifted its holdings in Verizon Communications by 5.6% during the fourth quarter. Banco Santander S.A. now owns 103,828 shares of the cell phone carrier’s stock worth $4,229,000 after buying an additional 5,498 shares during the period. Hedge funds and other institutional investors own 62.06% of the company’s stock.
Verizon Communications Stock Performance
Shares of VZ opened at $48.10 on Friday. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The stock has a fifty day moving average price of $47.20 and a 200-day moving average price of $45.47. 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 cap of $200.85 billion, a PE ratio of 11.73, a P/E/G ratio of 1.15 and a beta of 0.24.
Verizon Communications Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be given a $0.7075 dividend. This represents a $2.83 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s dividend payout ratio is presently 69.02%.
Trending Headlines about Verizon Communications
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Analysts and market commentary remain constructive on Verizon’s valuation, with several notes calling it inexpensive relative to its cash flow, earnings power, and dividend profile. Verizon: Steady, Cheap, And Still Standing
- Positive Sentiment: Verizon highlighted new AI-powered disaster-response tools, including “Digital Twin” network modeling, satellite connectivity, and mobile 5G assets, which could support network resilience and reinforce its infrastructure advantage. Verizon’s AI Disaster Tools Highlight Network Resilience And Valuation Gap
- Positive Sentiment: Investor sentiment has also been helped by upbeat pieces describing Verizon as a defensive stock with income potential, including mentions of its raised guidance, postpaid subscriber momentum, and fiber expansion after the Frontier deal. Verizon: A Unique Opportunity In An Expensive Market
- Neutral Sentiment: An insider sold about 80% of her shares in a roughly $3 million transaction, which can draw attention but does not necessarily signal a change in Verizon’s business outlook. 1 Verizon Insider Sells 80% of Her Stock in $3 Million Deal. For Everyone Else, VZ Is a Good Buy Now.
- Neutral Sentiment: Erste Group slightly trimmed its FY2027 earnings estimate for Verizon, but the change was minimal and the firm kept a Hold rating. Verizon Communications Inc. research note
- Neutral Sentiment: Some recent market updates noted Verizon outperforming a weaker broader market session, reinforcing the stock’s defensive character rather than pointing to a major company-specific catalyst. Verizon Communications (VZ) Rises As Market Takes a Dip: Key Facts
Wall Street Analyst Weigh In
Several brokerages have recently commented on VZ. Morgan Stanley increased their price objective on Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $50.25 to $54.50 in a report on Monday, March 9th. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Oppenheimer increased their price objective on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. increased their price objective on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Verizon Communications currently has an average rating of “Moderate Buy” and a consensus price target of $50.59.
Read Our Latest Research Report on VZ
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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