MGO One Seven LLC Raises Stock Holdings in Verizon Communications Inc. $VZ

MGO One Seven LLC raised its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 68.8% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 410,019 shares of the cell phone carrier’s stock after acquiring an additional 167,073 shares during the period. MGO One Seven LLC’s holdings in Verizon Communications were worth $17,360,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC boosted its holdings in Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares during the last quarter. Robinswood Financial LLC purchased a new stake in Verizon Communications during the 1st quarter valued at $27,000. Lam Group Inc. purchased a new position in shares of Verizon Communications in the 1st quarter worth $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of Verizon Communications during the 4th quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors increased its position in shares of Verizon Communications by 173.0% during the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $48.63 on Wednesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. The firm has a fifty day moving average price of $45.41 and a 200 day moving average price of $47.17. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. The firm has a market cap of $202.05 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.35 and a beta of 0.25.

Verizon Communications (NYSE:VZ) last posted its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.03. The company had revenue of $34.25 billion during the quarter, compared to analysts’ expectations of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. Verizon Communications’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, sell-side analysts expect that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were given a dividend of $0.7075 per share. The ex-dividend date was Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.8%. Verizon Communications’s dividend payout ratio (DPR) is presently 73.70%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VZ. BNP Paribas Exane cut their target price on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. 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. Barclays boosted their price objective on shares of Verizon Communications from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Moffett Nathanson reduced their price objective on Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.84.

Verizon Communications Company 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.