North Capital Inc. Invests $690,000 in Verizon Communications Inc. (NYSE:VZ)

03 Jul 2025, 14:46 by Tristan Rich · The Markets Daily

North Capital Inc. purchased a new stake in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,214 shares of the cell phone carrier’s stock, valued at approximately $690,000. Verizon Communications accounts for approximately 0.7% of North Capital Inc.’s holdings, making the stock its 20th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in VZ. Crescent Sterling Ltd. increased its position in shares of Verizon Communications by 0.8% during the first quarter. Crescent Sterling Ltd. now owns 30,906 shares of the cell phone carrier’s stock valued at $1,402,000 after acquiring an additional 235 shares during the last quarter. Bernard Wealth Management Corp. increased its holdings in Verizon Communications by 81.0% in the 1st quarter. Bernard Wealth Management Corp. now owns 543 shares of the cell phone carrier’s stock valued at $25,000 after purchasing an additional 243 shares during the last quarter. Cherry Tree Wealth Management LLC raised its position in Verizon Communications by 71.8% in the first quarter. Cherry Tree Wealth Management LLC now owns 584 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 244 shares during the period. NCM Capital Management LLC raised its position in Verizon Communications by 1.4% in the fourth quarter. NCM Capital Management LLC now owns 18,390 shares of the cell phone carrier’s stock valued at $735,000 after purchasing an additional 245 shares during the period. Finally, CRA Financial Services LLC lifted its stake in Verizon Communications by 3.7% during the first quarter. CRA Financial Services LLC now owns 6,913 shares of the cell phone carrier’s stock worth $314,000 after purchasing an additional 246 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Verizon Communications Trading Down 0.2%

NYSE VZ opened at $43.58 on Thursday. Verizon Communications Inc. has a 52 week low of $37.59 and a 52 week high of $47.36. The firm has a 50 day moving average of $43.18 and a two-hundred day moving average of $42.24. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $183.74 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 3.24 and a beta of 0.37.

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

Verizon Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.6775 per share. This represents a $2.71 dividend on an annualized basis and a yield of 6.22%. The ex-dividend date of this dividend is Thursday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is 64.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on VZ shares. Oppenheimer lifted their price objective on Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, April 1st. Wolfe Research cut Verizon Communications from an “outperform” rating to a “peer perform” rating in a report on Wednesday, March 12th. Wall Street Zen lowered shares of Verizon Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Scotiabank increased their price target on shares of Verizon Communications from $48.50 to $49.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Verizon Communications in a research note on Tuesday, March 25th. Nine research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Verizon Communications presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

Get Our Latest Report on Verizon Communications

Insider Activity

In other news, CEO Kyle Malady sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $44.10, for a total transaction of $396,900.00. Following the sale, the chief executive officer owned 10,008 shares of the company’s stock, valued at approximately $441,352.80. This trade represents a 47.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, 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

(Free Report)