Rockline Wealth Management LLC Raises Stock Position in Verizon Communications Inc. (NYSE:VZ)

21 Jun 2025, 13:24 by Teresa Graham · The Cerbat Gem

Rockline Wealth Management LLC grew its stake in Verizon Communications Inc. (NYSE:VZ – Free Report) by 6.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 65,507 shares of the cell phone carrier’s stock after acquiring an additional 3,810 shares during the period. Rockline Wealth Management LLC’s holdings in Verizon Communications were worth $2,971,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in VZ. Norges Bank purchased a new stake in shares of Verizon Communications in the 4th quarter valued at approximately $2,300,846,000. Raymond James Financial Inc. purchased a new stake in shares of Verizon Communications in the 4th quarter valued at approximately $1,083,337,000. Alyeska Investment Group L.P. raised its stake in shares of Verizon Communications by 3,601.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 8,937,180 shares of the cell phone carrier’s stock valued at $357,398,000 after acquiring an additional 8,695,736 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Verizon Communications by 7.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 108,694,230 shares of the cell phone carrier’s stock valued at $4,346,682,000 after acquiring an additional 7,421,148 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of Verizon Communications by 52.7% in the 4th quarter. Capital Research Global Investors now owns 19,828,378 shares of the cell phone carrier’s stock valued at $792,937,000 after acquiring an additional 6,846,514 shares during the period. 62.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VZ has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $45.00 price target (up from $42.00) on shares of Verizon Communications in a research note on Tuesday, March 25th. Wolfe Research downgraded shares of Verizon Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, March 12th. Scotiabank upped their target price on shares of Verizon Communications from $48.50 to $49.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 23rd. Wall Street Zen downgraded shares of Verizon Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Finally, Oppenheimer upped their target price on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Nine 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 company’s stock. According to data from MarketBeat.com, Verizon Communications has a consensus rating of “Moderate Buy” and an average price target of $47.41.

View Our Latest Analysis on VZ

Verizon Communications Trading Up 0.1%

Shares of NYSE:VZ opened at $41.70 on Friday. Verizon Communications Inc. has a 52 week low of $37.59 and a 52 week high of $47.36. The company’s 50 day moving average is $43.32 and its two-hundred day moving average is $42.21. The company has a current ratio of 0.61, a quick ratio of 0.58 and a debt-to-equity ratio of 1.19. The company has a market cap of $175.80 billion, a PE ratio of 9.93, a P/E/G ratio of 3.09 and a beta of 0.38.

Verizon Communications (NYSE:VZ – Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The cell phone carrier reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Verizon Communications had a net margin of 13.14% and a return on equity of 19.66%. The company had revenue of $33.50 billion for the quarter, compared to the consensus estimate of $33.31 billion. Equities analysts predict that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Thursday, July 10th will be issued a $0.6775 dividend. This represents a $2.71 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend is Thursday, July 10th. Verizon Communications’s payout ratio is 64.52%.

Insider Activity

In other news, CEO Kyle Malady sold 5,000 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $42.48, for a total value of $212,400.00. Following the completion of the transaction, the chief executive officer now owns 36,508 shares in the company, valued at approximately $1,550,859.84. This represents a 12.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 21,500 shares of company stock worth $938,400. Corporate insiders own 0.10% of the company’s stock.

Verizon Communications Company Profile

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