Compagnie Lombard Odier SCmA Sells 34,008 Shares of Verizon Communications Inc. $VZ

Compagnie Lombard Odier SCmA reduced its position in Verizon Communications Inc. (NYSE:VZFree Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 566,011 shares of the cell phone carrier’s stock after selling 34,008 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Verizon Communications were worth $23,054,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VZ. Brighton Jones LLC grew its holdings in Verizon Communications by 61.2% in the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock worth $1,759,000 after purchasing an additional 16,704 shares during the last quarter. United Bank lifted its holdings in shares of Verizon Communications by 11.5% during the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after purchasing an additional 806 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Verizon Communications by 0.3% in the 2nd quarter. Fisher Asset Management LLC now owns 83,102 shares of the cell phone carrier’s stock worth $3,596,000 after purchasing an additional 275 shares in the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of Verizon Communications by 4.1% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 13,732 shares of the cell phone carrier’s stock worth $594,000 after purchasing an additional 546 shares in the last quarter. Finally, WCG Wealth Advisors LLC grew its stake in Verizon Communications by 110.7% during the 2nd quarter. WCG Wealth Advisors LLC now owns 49,511 shares of the cell phone carrier’s stock worth $2,142,000 after buying an additional 26,017 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $56.00 target price on shares of Verizon Communications in a research report on Thursday, March 12th. Oppenheimer boosted their price target on Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Royal Bank Of Canada upped their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $48.00 target price on shares of Verizon Communications in a research note on Monday, February 2nd. Finally, Citigroup boosted their target price on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Verizon Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.56.

Get Our Latest Report on Verizon Communications

Verizon Communications Trading Down 1.6%

NYSE VZ opened at $49.39 on Thursday. The company has a market capitalization of $208.32 billion, a PE ratio of 12.20, a P/E/G ratio of 2.10 and a beta of 0.29. The company has a fifty day moving average of $48.16 and a 200 day moving average of $43.40. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 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.

Verizon Communications (NYSE:VZGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.03. The company had revenue of $36.38 billion for the quarter, compared to the consensus estimate of $36.20 billion. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.The firm’s revenue for the quarter 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. Research analysts forecast that Verizon Communications Inc. will post 4.69 earnings per share for the current year.

Verizon Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be issued a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a yield of 5.7%. 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 dividend payout ratio is 68.15%.

Key Headlines Impacting Verizon Communications

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

Insider Activity at Verizon Communications

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the transaction, the senior vice president directly owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph J. Russo sold 9,579 shares of the company’s 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 completion of the sale, the executive vice president owned 44,045 shares in the company, valued at approximately $1,976,739.60. This represents a 17.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 218,148 shares of company stock worth $10,780,356. 0.10% of the stock is owned by corporate insiders.

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.

See Also

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

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