Tulsa Wealth Advisors INC Acquires New Shares in Verizon Communications Inc. $VZ

by · The Markets Daily

Tulsa Wealth Advisors INC acquired a new position in Verizon Communications Inc. (NYSE:VZ – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,433 shares of the cell phone carrier’s stock, valued at approximately $3,846,000. Verizon Communications makes up approximately 1.3% of Tulsa Wealth Advisors INC’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds have also recently bought and sold shares of the business. Strengthening Families & Communities LLC lifted its position in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 539 shares during the last quarter. Holos Integrated Wealth LLC acquired a new position in shares of Verizon Communications during the 4th quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Verizon Communications during the 3rd quarter valued at about $29,000. EQ Wealth Advisors LLC bought a new position in shares of Verizon Communications in the 4th quarter valued at approximately $29,000. Finally, Sarver Vrooman Wealth Advisors raised its stake in shares of Verizon Communications by 173.0% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after acquiring an additional 448 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VZ has been the subject of a number of recent analyst reports. Barclays upped their target price on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Morgan Stanley boosted their price objective on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Citigroup upped their price objective on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Wells Fargo & Company raised their target price on shares of Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Verizon Communications presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

Read Our Latest Stock Analysis on Verizon Communications

Verizon Communications Price Performance

Shares of NYSE:VZ opened at $45.44 on Friday. The business has a 50 day moving average price of $46.92 and a 200 day moving average price of $45.66. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.68. The company has a market cap of $189.72 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.11 and a beta of 0.24. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38.

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

Verizon Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be paid a $0.7075 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 6.2%. Verizon Communications’s dividend payout ratio (DPR) is presently 69.02%.

Verizon Communications Company 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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