Argentarii LLC Buys 34,535 Shares of Verizon Communications Inc. $VZ

Argentarii LLC boosted its position in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 166.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,257 shares of the cell phone carrier’s stock after buying an additional 34,535 shares during the quarter. Verizon Communications makes up approximately 0.7% of Argentarii LLC’s holdings, making the stock its 27th largest holding. Argentarii LLC’s holdings in Verizon Communications were worth $2,251,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. McLean Asset Management Corp grew its position in shares of Verizon Communications by 2.9% during the 3rd quarter. McLean Asset Management Corp now owns 8,571 shares of the cell phone carrier’s stock worth $355,000 after buying an additional 243 shares during the period. Red Spruce Capital LLC lifted its holdings in Verizon Communications by 0.3% in the third quarter. Red Spruce Capital LLC now owns 71,541 shares of the cell phone carrier’s stock valued at $3,144,000 after buying an additional 246 shares during the period. Cascade Financial Partners LLC lifted its holdings in Verizon Communications by 3.5% in the third quarter. Cascade Financial Partners LLC now owns 7,318 shares of the cell phone carrier’s stock valued at $322,000 after buying an additional 250 shares during the period. Monetary Management Group Inc. boosted its stake in Verizon Communications by 0.8% in the second quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier’s stock valued at $1,315,000 after acquiring an additional 250 shares during the last quarter. Finally, Centurion Wealth Management LLC boosted its stake in Verizon Communications by 4.1% in the third quarter. Centurion Wealth Management LLC now owns 6,490 shares of the cell phone carrier’s stock valued at $285,000 after acquiring an additional 254 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on VZ. William Blair upgraded shares of Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. Evercore increased their target price on Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Raymond James Financial restated an “outperform” rating and set a $56.00 target price on shares of Verizon Communications in a report on Thursday, March 12th. Sanford C. Bernstein restated a “market perform” rating and set a $48.00 target price on shares of Verizon Communications in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada increased their price target on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.32.

View Our Latest Stock Analysis on VZ

Insider Transactions at Verizon Communications

In related news, EVP Joseph J. Russo sold 9,579 shares of Verizon Communications stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $44.88, for a total value of $429,905.52. Following the sale, the executive vice president owned 44,045 shares of the company’s stock, valued at approximately $1,976,739.60. This trade represents a 17.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the sale, the senior vice president owned 43,782 shares in the company, valued at $2,189,100. The trade was a 16.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 218,148 shares of company stock valued at $10,780,356 over the last three months. Company insiders own 0.10% of the company’s stock.

Verizon Communications News Summary

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

Verizon Communications Trading Up 0.6%

NYSE VZ opened at $50.70 on Friday. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.87. The firm has a market cap of $213.82 billion, a P/E ratio of 12.52, a P/E/G ratio of 2.11 and a beta of 0.31. The stock’s 50-day moving average is $47.28 and its 200-day moving average is $43.22.

Verizon Communications (NYSE:VZGet Free Report) last issued its quarterly earnings data 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 business had revenue of $36.38 billion during 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%.Verizon Communications’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.10 EPS. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. Sell-side analysts anticipate that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be issued a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.6%. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, April 10th. Verizon Communications’s dividend payout ratio is presently 68.15%.

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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