Choreo LLC Has $9.26 Million Stock Holdings in Verizon Communications Inc. $VZ

Choreo LLC grew its position in Verizon Communications Inc. (NYSE:VZFree Report) by 15.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 210,594 shares of the cell phone carrier’s stock after buying an additional 27,913 shares during the period. Choreo LLC’s holdings in Verizon Communications were worth $9,256,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. TruNorth Capital Management LLC increased its holdings in shares of Verizon Communications by 95.3% in the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock worth $27,000 after acquiring an additional 305 shares in the last quarter. Global Wealth Strategies & Associates lifted its holdings in shares of Verizon Communications by 739.5% during the 3rd quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier’s stock valued at $30,000 after purchasing an additional 599 shares in the last quarter. Winnow Wealth LLC acquired a new position in shares of Verizon Communications in the 2nd quarter valued at approximately $34,000. Silicon Valley Capital Partners increased its stake in Verizon Communications by 52.4% during the 2nd quarter. Silicon Valley Capital Partners now owns 782 shares of the cell phone carrier’s stock worth $34,000 after purchasing an additional 269 shares in the last quarter. Finally, Richardson Capital Management LLC bought a new position in Verizon Communications in the third quarter valued at approximately $35,000. Institutional investors own 62.06% of the company’s stock.

Verizon Communications Trading Down 0.7%

Verizon Communications stock opened at $48.90 on Friday. The company has a market cap of $206.24 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 2.06 and a beta of 0.33. The firm has a 50-day moving average of $43.13 and a 200-day moving average of $42.33. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.87. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $50.47.

Verizon Communications (NYSE:VZGet Free Report) last released its earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.03. The business 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%.Verizon Communications’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. On average, equities analysts expect that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a $0.7075 dividend. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. This represents a $2.83 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Friday, April 10th. Verizon Communications’s dividend payout ratio (DPR) is 68.15%.

Insiders Place Their Bets

In other Verizon Communications news, Director Hans Erik Vestberg sold 200,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the sale, the director directly owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. This represents a 57.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph J. Russo sold 9,579 shares of Verizon Communications stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $44.88, for a total transaction of $429,905.52. Following the completion of the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by insiders.

Key Headlines Impacting Verizon Communications

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Verizon Communications from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, February 2nd. Evercore increased their target price on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. KeyCorp reissued a “sector weight” rating on shares of Verizon Communications in a research note on Monday, January 26th. JPMorgan Chase & Co. upped their price objective on Verizon Communications from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, TD Cowen dropped their target price on Verizon Communications from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.02.

Check Out Our Latest Analysis on VZ

Verizon Communications Profile

(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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