Adams Asset Advisors LLC Has $11.81 Million Stock Holdings in Verizon Communications Inc. $VZ

Adams Asset Advisors LLC increased its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 23.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 289,825 shares of the cell phone carrier’s stock after buying an additional 54,647 shares during the period. Verizon Communications accounts for about 1.6% of Adams Asset Advisors LLC’s portfolio, making the stock its 18th largest holding. Adams Asset Advisors LLC’s holdings in Verizon Communications were worth $11,805,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. TruNorth Capital Management LLC boosted its stake in Verizon Communications by 95.3% in the 3rd quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock valued at $27,000 after purchasing an additional 305 shares during the period. Holos Integrated Wealth LLC bought a new position in Verizon Communications during the 4th quarter worth $28,000. Foster Dykema Cabot & Partners LLC bought a new position in Verizon Communications during the 3rd quarter worth $29,000. Global Wealth Strategies & Associates lifted its holdings in shares of Verizon Communications by 739.5% during the third quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier’s stock worth $30,000 after buying an additional 599 shares in the last quarter. Finally, Silicon Valley Capital Partners lifted its holdings in shares of Verizon Communications by 52.4% during the second quarter. Silicon Valley Capital Partners now owns 782 shares of the cell phone carrier’s stock worth $34,000 after buying an additional 269 shares in the last quarter. 62.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on VZ. Morgan Stanley upped their price target on shares of Verizon Communications from $47.00 to $49.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Citigroup lifted their price objective on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Evercore boosted their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, February 2nd. 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, Barclays initiated coverage on shares of Verizon Communications in a report on Thursday, January 22nd. They set an “equal weight” rating and a $43.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Verizon Communications presently has an average rating of “Moderate Buy” and an average price target of $50.32.

Verizon Communications Trading Up 0.1%

VZ opened at $50.34 on Monday. The stock has a market capitalization of $212.31 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 2.11 and a beta of 0.30. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The company has a 50-day simple moving average of $47.51 and a 200 day simple moving average of $43.27.

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

Verizon Communications Increases Dividend

The company 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 dividend on an annualized basis and a yield of 5.6%. This is a positive change 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%.

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, Director Hans Erik Vestberg sold 200,000 shares of the business’s 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 completion of the transaction, the director directly owned 145,069 shares in the company, valued at $7,196,873.09. The trade was a 57.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph J. Russo sold 9,579 shares of the company’s stock in a transaction 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 $1,976,739.60. The trade was a 17.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 218,148 shares of company stock worth $10,780,356 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Verizon Communications 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.