Capital Advisory Group Advisory Services LLC Has $1.12 Million Holdings in Verizon Communications Inc. $VZ

Capital Advisory Group Advisory Services LLC lessened its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 52.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,404 shares of the cell phone carrier’s stock after selling 30,183 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Verizon Communications were worth $1,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in 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 buying an additional 1,117,733 shares during the last quarter. State Street Corp grew its position 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 purchasing an additional 7,276,809 shares during the last quarter. Northern Trust Corp grew its position in shares of Verizon Communications by 1.2% in the third quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock valued at $1,989,427,000 after purchasing an additional 557,576 shares during the last quarter. Legal & General Group Plc grew its position in shares of Verizon Communications by 4.5% in the third quarter. Legal & General Group Plc now owns 28,188,066 shares of the cell phone carrier’s stock valued at $1,238,866,000 after purchasing an additional 1,203,445 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Verizon Communications by 2.9% in the third quarter. Invesco Ltd. now owns 22,592,460 shares of the cell phone carrier’s stock valued at $992,939,000 after purchasing an additional 646,537 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Key Verizon Communications News

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

Verizon Communications Trading Down 1.2%

Shares of NYSE:VZ opened at $48.57 on Wednesday. The company has a market capitalization of $204.84 billion, a P/E ratio of 11.99, a P/E/G ratio of 2.07 and a beta of 0.29. 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. The business’s 50 day simple moving average is $48.93 and its 200 day simple moving average is $43.54.

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

Verizon Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.7075 per share. This is an increase from Verizon Communications’s previous quarterly dividend of $0.69. This represents a $2.83 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Friday, April 10th. Verizon Communications’s dividend payout ratio (DPR) is currently 69.88%.

Insider Buying and Selling

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, the senior vice president owned 43,782 shares of the company’s stock, valued at $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value 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 represents a 57.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 218,148 shares of company stock valued at $10,780,356 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on VZ. Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $50.25 to $54.50 in a research report on Monday, March 9th. Evercore upped their target price on Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Weiss Ratings raised Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Barclays upped their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Finally, Wells Fargo & Company upped their target price on Verizon Communications from $41.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Verizon Communications has an average rating of “Moderate Buy” and an average target price of $50.56.

View Our Latest Analysis on Verizon Communications

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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