Transce3nd LLC Makes New Investment in Verizon Communications Inc. (NYSE:VZ)

21 Apr 2025, 07:06 by Jessica Moore · The Cerbat Gem

Transce3nd LLC bought a new position in Verizon Communications Inc. (NYSE:VZ – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,782 shares of the cell phone carrier’s stock, valued at approximately $231,000.

A number of other large investors also recently modified their holdings of the stock. Mainstream Capital Management LLC bought a new position in Verizon Communications in the 4th quarter worth approximately $28,000. Legend Financial Advisors Inc. raised its position in shares of Verizon Communications by 69.6% during the fourth quarter. Legend Financial Advisors Inc. now owns 780 shares of the cell phone carrier’s stock worth $31,000 after acquiring an additional 320 shares during the last quarter. Graney & King LLC acquired a new position in shares of Verizon Communications during the fourth quarter valued at $32,000. Compass Financial Services Inc bought a new position in Verizon Communications in the fourth quarter valued at about $33,000. Finally, Hager Investment Management Services LLC acquired a new stake in Verizon Communications in the fourth quarter worth about $38,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications Price Performance

Shares of NYSE VZ opened at $44.01 on Monday. Verizon Communications Inc. has a fifty-two week low of $37.59 and a fifty-two week high of $47.36. The stock has a market capitalization of $185.26 billion, a price-to-earnings ratio of 10.63, a PEG 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. The business has a 50-day moving average of $43.46 and a 200-day moving average of $41.99.

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

Verizon Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.6775 per share. This represents a $2.71 annualized dividend and a yield of 6.16%. The ex-dividend date of this dividend is Thursday, April 10th. Verizon Communications’s payout ratio is presently 65.46%.

Insider Buying and Selling at Verizon Communications

In other news, CEO Kyle Malady sold 20,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $40.54, for a total value of $810,800.00. Following the completion of the transaction, the chief executive officer now owns 45,675 shares of the company’s stock, valued at approximately $1,851,664.50. This represents a 30.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vandana Venkatesh sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $43.79, for a total transaction of $437,900.00. Following the completion of the sale, the executive vice president now owns 14,459 shares in the company, valued at approximately $633,159.61. The trade was a 40.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,085 shares of company stock valued at $2,020,895. 0.02% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. DZ Bank upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Wednesday, January 29th. Argus upgraded shares of Verizon Communications to a “strong-buy” rating in a research report on Monday, January 27th. Scotiabank lifted their price objective on Verizon Communications from $48.00 to $48.50 and gave the stock a “sector perform” rating in a research note on Tuesday, April 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $45.00 target price (up previously from $42.00) on shares of Verizon Communications in a research note on Tuesday, March 25th. Finally, Wolfe Research cut Verizon Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, March 12th. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Verizon Communications has a consensus rating of “Moderate Buy” and an average price target of $46.92.

Check Out Our Latest Stock Analysis on VZ

Verizon Communications Company Profile

(Free Report)