Twin Capital Management Inc. Trims Position in Verizon Communications Inc. $VZ

Twin Capital Management Inc. trimmed its stake in Verizon Communications Inc. (NYSE:VZFree Report) by 19.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,209 shares of the cell phone carrier’s stock after selling 24,965 shares during the period. Twin Capital Management Inc.’s holdings in Verizon Communications were worth $4,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Verizon Communications by 61.2% during the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after purchasing an additional 16,704 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Verizon Communications by 0.8% in the second quarter. Blair William & Co. IL now owns 625,288 shares of the cell phone carrier’s stock valued at $27,056,000 after acquiring an additional 4,964 shares in the last quarter. Callan Family Office LLC lifted its stake in Verizon Communications by 303.3% in the second quarter. Callan Family Office LLC now owns 57,389 shares of the cell phone carrier’s stock worth $2,483,000 after acquiring an additional 43,158 shares during the period. Moseley Investment Management Inc. grew its holdings in Verizon Communications by 3.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 43,273 shares of the cell phone carrier’s stock worth $1,872,000 after acquiring an additional 1,371 shares in the last quarter. Finally, Pinion Investment Advisors LLC increased its position in Verizon Communications by 24.6% during the 2nd quarter. Pinion Investment Advisors LLC now owns 6,675 shares of the cell phone carrier’s stock valued at $289,000 after purchasing an additional 1,319 shares during the period. 62.06% of the stock is currently owned by institutional investors.

Insider Transactions at Verizon Communications

In other news, EVP Joseph J. Russo sold 9,579 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $44.88, for a total transaction of $429,905.52. Following the transaction, the executive vice president owned 44,045 shares in the company, valued at $1,976,739.60. This trade represents a 17.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Verizon Communications Stock Performance

Shares of VZ opened at $46.32 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32. The firm has a market cap of $195.30 billion, a PE ratio of 11.44, a P/E/G ratio of 1.99 and a beta of 0.33. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $47.58. The stock has a fifty day moving average price of $40.87 and a 200-day moving average price of $41.75.

Verizon Communications (NYSE:VZGet Free Report) last announced its earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $36.38 billion for the quarter, compared to analyst estimates of $36.20 billion. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. Equities research analysts predict that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be issued a $0.7075 dividend. This is an increase from Verizon Communications’s previous quarterly dividend of $0.69. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, April 10th. Verizon Communications’s dividend payout ratio is 68.15%.

Key Verizon Communications News

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VZ. Williams Trading set a $54.00 price target on shares of Verizon Communications in a research report on Monday. William Blair upgraded Verizon Communications to an “outperform” rating in a report on Monday. Scotiabank lifted their price target on Verizon Communications from $48.00 to $50.25 and gave the company a “sector perform” rating in a report on Monday, February 2nd. KeyCorp reissued a “sector weight” rating on shares of Verizon Communications in a research report on Monday, January 26th. Finally, TD Cowen decreased their price objective on Verizon Communications from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.02.

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.

Further Reading

Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZFree Report).

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

Receive News & Ratings for Verizon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications and related companies with MarketBeat.com's FREE daily email newsletter.