Diversified Trust Co. Has $902,000 Holdings in Verizon Communications Inc. $VZ

Diversified Trust Co. decreased its holdings in Verizon Communications Inc. (NYSE:VZFree Report) by 80.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,137 shares of the cell phone carrier’s stock after selling 90,484 shares during the quarter. Diversified Trust Co.’s holdings in Verizon Communications were worth $902,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of VZ. Vanguard Group Inc. increased its holdings in shares of Verizon Communications by 0.3% during the third quarter. Vanguard Group Inc. now owns 373,904,749 shares of the cell phone carrier’s stock worth $16,433,114,000 after purchasing an additional 1,117,733 shares during the period. State Street Corp boosted its stake in shares of Verizon Communications by 3.5% in the third quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock valued at $9,470,788,000 after buying an additional 7,276,809 shares during the period. Norges Bank bought a new stake in shares of Verizon Communications in the second quarter valued at approximately $2,504,150,000. Northern Trust Corp grew its position in Verizon Communications by 1.2% during the third quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock worth $1,989,427,000 after buying an additional 557,576 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Verizon Communications by 4.5% during the third quarter. Legal & General Group Plc now owns 28,188,066 shares of the cell phone carrier’s stock worth $1,238,866,000 after buying an additional 1,203,445 shares in the last quarter. Institutional investors own 62.06% of the company’s stock.

Insider Buying and Selling at Verizon Communications

In other news, EVP Joseph J. Russo sold 9,579 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $44.88, for a total value of $429,905.52. Following the sale, the executive vice president directly owned 44,045 shares in the company, valued at approximately $1,976,739.60. This trade represents a 17.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction that occurred 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 in the company, valued at $7,196,873.09. This trade represents a 57.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 218,148 shares of company stock worth $10,780,356 over the last 90 days. Insiders own 0.10% of the company’s stock.

Verizon Communications Stock Up 0.6%

Shares of VZ opened at $50.70 on Friday. The firm has a 50 day simple moving average of $47.28 and a two-hundred day simple moving average of $43.22. 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 $51.68. The company 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.

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

Verizon Communications Increases Dividend

The firm also recently disclosed 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 represents a $2.83 annualized dividend and a yield of 5.6%. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Friday, April 10th. Verizon Communications’s payout ratio is 68.15%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VZ. Raymond James Financial reaffirmed an “outperform” rating and issued a $56.00 price objective on shares of Verizon Communications in a report on Thursday, March 12th. JPMorgan Chase & Co. increased their target price on Verizon Communications from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Williams Trading set a $54.00 price target on Verizon Communications in a research report on Monday, February 2nd. Oppenheimer boosted their price target on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Finally, Wells Fargo & Company upped their price objective on shares of Verizon Communications from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Verizon Communications presently has a consensus rating of “Moderate Buy” and an average target price of $50.32.

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Key Headlines Impacting Verizon Communications

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Verizon Communications Company 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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