Vontobel Holding Ltd. Boosts Stake in Verizon Communications Inc. $VZ

Vontobel Holding Ltd. boosted its stake in shares of Verizon Communications Inc. (NYSE:VZFree 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 (NYSE:VZGet Free Report) last issued its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. During the same quarter in the prior year, the business posted $1.19 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities research analysts predict that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

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

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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

(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.

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

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