Rahlfs Capital LLC Invests $591,000 in Verizon Communications Inc. (NYSE:VZ)

05 Apr 2025, 09:28 by Teresa Graham · The Cerbat Gem

Rahlfs Capital LLC bought a new stake in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,789 shares of the cell phone carrier’s stock, valued at approximately $591,000.

Several other institutional investors also recently bought and sold shares of VZ. Hurley Capital LLC acquired a new stake in Verizon Communications during the 4th quarter worth approximately $83,000. Perennial Investment Advisors LLC lifted its stake in Verizon Communications by 5.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 23,488 shares of the cell phone carrier’s stock worth $939,000 after acquiring an additional 1,194 shares during the last quarter. Sit Investment Associates Inc. raised its holdings in shares of Verizon Communications by 8.1% in the 4th quarter. Sit Investment Associates Inc. now owns 242,280 shares of the cell phone carrier’s stock valued at $9,689,000 after purchasing an additional 18,115 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Verizon Communications by 1,088.0% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 73,168 shares of the cell phone carrier’s stock worth $2,926,000 after purchasing an additional 67,009 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of Verizon Communications in the 4th quarter valued at about $61,141,000. 62.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Vandana Venkatesh sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $43.79, for a total value of $437,900.00. Following the transaction, the executive vice president now owns 14,459 shares in the company, valued at approximately $633,159.61. This represents a 40.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kyle Malady sold 20,000 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $40.54, for a total transaction of $810,800.00. Following the transaction, the chief executive officer now owns 45,675 shares in the company, valued at approximately $1,851,664.50. This trade represents a 30.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,085 shares of company stock worth $2,020,895 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications Trading Down 5.5 %

NYSE:VZ opened at $43.11 on Friday. The business has a 50 day simple moving average of $42.68 and a 200 day simple moving average of $42.11. The firm has a market capitalization of $181.47 billion, a P/E ratio of 10.41, a P/E/G ratio of 4.45 and a beta of 0.41. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.63 and a quick ratio of 0.59. Verizon Communications Inc. has a 12-month low of $37.59 and a 12-month high of $47.36.

Verizon Communications (NYSE:VZ – Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The cell phone carrier reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.01). Verizon Communications had a return on equity of 19.80% and a net margin of 12.99%. During the same quarter last year, the company posted $1.08 earnings per share. Equities research analysts predict that Verizon Communications Inc. will post 4.69 EPS for the current year.

Verizon Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be given a $0.6775 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.71 dividend on an annualized basis and a yield of 6.29%. Verizon Communications’s payout ratio is 65.46%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on VZ. Wolfe Research downgraded shares of Verizon Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, March 12th. TD Cowen raised Verizon Communications to a “strong-buy” rating in a report on Wednesday, January 15th. Scotiabank lifted their price target on Verizon Communications from $47.50 to $48.00 and gave the company a “sector perform” rating in a research note on Monday, March 3rd. StockNews.com downgraded Verizon Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Finally, DZ Bank upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Verizon Communications has an average rating of “Moderate Buy” and an average target price of $46.82.

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