Capital International Inc. CA Buys 89,045 Shares of Verizon Communications Inc. (NYSE:VZ)

20 Apr 2025, 15:50 by Mitch Edgeman · The Markets Daily

Capital International Inc. CA raised its stake in Verizon Communications Inc. (NYSE:VZ – Free Report) by 128.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,156 shares of the cell phone carrier’s stock after acquiring an additional 89,045 shares during the period. Capital International Inc. CA’s holdings in Verizon Communications were worth $6,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VZ. Capital Research Global Investors increased its holdings in Verizon Communications by 52.7% in the fourth quarter. Capital Research Global Investors now owns 19,828,378 shares of the cell phone carrier’s stock valued at $792,937,000 after purchasing an additional 6,846,514 shares during the last quarter. Curi RMB Capital LLC raised its position in shares of Verizon Communications by 22.4% in the 4th quarter. Curi RMB Capital LLC now owns 327,136 shares of the cell phone carrier’s stock valued at $13,082,000 after acquiring an additional 59,889 shares during the period. Dimensional Fund Advisors LP grew its holdings in Verizon Communications by 2.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 36,851,192 shares of the cell phone carrier’s stock valued at $1,473,557,000 after purchasing an additional 990,775 shares during the period. Elevatus Welath Management raised its holdings in Verizon Communications by 8.7% in the fourth quarter. Elevatus Welath Management now owns 6,592 shares of the cell phone carrier’s stock worth $264,000 after purchasing an additional 525 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Verizon Communications by 11.6% during the fourth quarter. First Trust Advisors LP now owns 12,597,863 shares of the cell phone carrier’s stock worth $503,789,000 after purchasing an additional 1,312,761 shares in the last quarter. 62.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, 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 value of $810,800.00. Following the completion of the sale, the chief executive officer now directly owns 45,675 shares in the company, valued at $1,851,664.50. This represents a 30.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Vandana Venkatesh sold 10,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $633,159.61. This trade represents a 40.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 insiders.

Verizon Communications Price Performance

Shares of VZ stock opened at $44.01 on Friday. The business has a fifty day simple moving average of $43.46 and a 200 day simple moving average of $42.01. The company has a market cap of $185.26 billion, a P/E ratio of 10.63, a P/E/G ratio of 4.45 and a beta of 0.41. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 1.21. Verizon Communications Inc. has a twelve month low of $37.59 and a twelve month high of $47.36.

Verizon Communications (NYSE:VZ – Get Free Report) last posted its earnings results on Friday, January 24th. The cell phone carrier reported $1.10 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the firm posted $1.08 earnings per share. On average, sell-side analysts forecast that Verizon Communications Inc. will post 4.69 EPS for the current fiscal 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 paid a dividend of $0.6775 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.16%. Verizon Communications’s payout ratio is presently 65.46%.

Analyst Ratings Changes

Several research analysts have weighed in on VZ shares. Oppenheimer lifted their target price on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, April 1st. TD Cowen raised Verizon Communications to a “strong-buy” rating in a research note on Wednesday, January 15th. Argus upgraded shares of Verizon Communications to a “strong-buy” rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Verizon Communications from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Wolfe Research downgraded 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 an average rating of “Moderate Buy” and a consensus price target of $46.92.

Read Our Latest Report on VZ

Verizon Communications Profile

(Free Report)