Focus Partners Advisor Solutions LLC Has $4.49 Million Stock Holdings in Verizon Communications Inc. $VZ

by · The Cerbat Gem

Focus Partners Advisor Solutions LLC trimmed its position in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,105 shares of the cell phone carrier’s stock after selling 24,986 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Verizon Communications were worth $4,485,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VZ. Strengthening Families & Communities LLC boosted its stake in shares of Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 539 shares in the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of Verizon Communications during the fourth quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Verizon Communications during the third quarter valued at about $29,000. EQ Wealth Advisors LLC acquired a new stake in shares of Verizon Communications during the fourth quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors boosted its stake in shares of Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after purchasing an additional 448 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VZ shares. Wells Fargo & Company lifted their price target on Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Oppenheimer lifted their price target on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Morgan Stanley lifted their price target on Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. lifted their price objective on Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Citigroup lifted their price objective on Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Check Out Our Latest Research Report on VZ

Verizon Communications Price Performance

Verizon Communications stock opened at $45.84 on Wednesday. The stock’s 50 day moving average is $47.35 and its 200 day moving average is $45.36. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The firm has a market cap of $191.40 billion, a P/E ratio of 11.18, a P/E/G ratio of 1.11 and a beta of 0.24. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68.

Verizon Communications (NYSE:VZ – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The company had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, research analysts expect that Verizon Communications Inc. will post 4.97 EPS for the current year.

Verizon Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, July 10th. Verizon Communications’s payout ratio is presently 69.02%.

Verizon Communications 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.

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