White Knight Strategic Wealth Advisors LLC Has $1.46 Million Position in Verizon Communications Inc. $VZ

White Knight Strategic Wealth Advisors LLC increased its position in shares of Verizon Communications Inc. (NYSE:VZ) by 55.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,736 shares of the cell phone carrier’s stock after buying an additional 12,803 shares during the period. Verizon Communications comprises 1.1% of White Knight Strategic Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest holding. White Knight Strategic Wealth Advisors LLC’s holdings in Verizon Communications were worth $1,456,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Verizon Communications by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock valued at $15,453,058,000 after purchasing an additional 5,497,598 shares during the last quarter. State Street Corp lifted its position in shares of Verizon Communications by 3.5% in the fourth quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier’s stock worth $9,080,810,000 after purchasing an additional 7,461,335 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Verizon Communications by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier’s stock worth $4,747,930,000 after purchasing an additional 5,851,715 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Verizon Communications by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier’s stock worth $4,168,080,000 after purchasing an additional 867,694 shares during the last quarter. Finally, Norges Bank bought a new position in Verizon Communications in the fourth quarter valued at $2,357,158,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Price Performance

NYSE:VZ opened at $45.44 on Friday. The stock has a market capitalization of $189.72 billion, a PE ratio of 11.08, a P/E/G ratio of 1.12 and a beta of 0.24. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The firm has a fifty day simple moving average of $46.97 and a 200 day simple moving average of $45.66. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.

Verizon Communications (NYSE:VZ) last posted its quarterly 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 analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period 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. On average, research analysts expect that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.7075 per share. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 6.2%. Verizon Communications’s payout ratio is currently 69.02%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VZ. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Oppenheimer increased their price objective 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. Morgan Stanley raised 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. Barclays raised their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Finally, Dbs Bank downgraded Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.59.

Key Headlines Impacting Verizon Communications

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

• Positive Sentiment: Verizon unveiled a customer offer that removes two major fees, part of a broader loyalty push that also eliminates activation/upgrade charges. That could help improve retention and ease pressure from elevated wireless churn, potentially supporting revenue stability. Verizon adds new offer that removes 2 major fees for customers
• Neutral Sentiment: Verizon completed the expiration and final results of several debt exchange/tender and consent solicitations, a balance-sheet management move that is likely routine rather than a major near-term earnings driver. Verizon announces expiration and final results of its private exchange offers and consent solicitations for 11 series of notes
• Neutral Sentiment: Verizon also announced final results for tender offers and consent solicitations across multiple note series, which may modestly support financial flexibility but does not change the core operating outlook by itself. Verizon announces expiration and final results of its tender offers and consent solicitations for 20 series of Verizon and certain of its subsidiaries’ notes
• Neutral Sentiment: Several articles noted that Verizon remains on investor watch lists because of its dividend yield and valuation, but these pieces were mostly commentary rather than new company-specific catalysts. Why Is Verizon Communications (NYSE:VZ) Drawing Telecom Investor Attention?
• Negative Sentiment: Recent trading showed VZ underperforming the broader market, with investors still concerned about competitive pressure and churn in the wireless business. Verizon Communications (VZ) Falls More Steeply Than Broader Market: What Investors Need to Know

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.