<div id="readability-page-1"><p>Modern Wealth Management LLC boosted its holdings in shares of  Verizon Communications Inc. (NYSE:VZ - Free Report) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,897 shares of the cell phone carrier's stock after buying an additional 6,676 shares during the quarter. Modern Wealth Management LLC's holdings in Verizon Communications were worth $2,263,000 at the end of the most recent quarter.</p><ul><li>Forget QQQ: This ETF Marries the Magnificent 7 and Communications</li></ul><p>Several other hedge funds have also recently bought and sold shares of VZ. GQG Partners LLC increased its position in  Verizon Communications by 303.9% during the first quarter. GQG Partners LLC now owns 49,859,967 shares of the cell phone carrier's stock worth $2,261,648,000 after buying an additional 37,516,167 shares during the last quarter.  Nuveen LLC acquired a new position in  Verizon Communications during the first quarter worth $661,720,000.  Pacer Advisors Inc. grew its position in shares of  Verizon Communications by 737.5% in the first quarter. Pacer Advisors Inc. now owns 11,697,003 shares of the cell phone carrier's stock valued at $530,576,000 after purchasing an additional 10,300,369 shares during the last quarter.  Acadian Asset Management LLC grew its position in shares of  Verizon Communications by 301.2% in the first quarter. Acadian Asset Management LLC now owns 8,504,920 shares of the cell phone carrier's stock valued at $385,750,000 after purchasing an additional 6,385,197 shares during the last quarter.  Finally, Goldman Sachs Group Inc. grew its position in shares of  Verizon Communications by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 31,626,373 shares of the cell phone carrier's stock valued at $1,434,572,000 after purchasing an additional 5,392,416 shares during the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds. </p><div><p><span></span><span>Get <strong>Verizon Communications</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><p>Several brokerages have recently issued reports on VZ. Wells Fargo &amp; Company raised their price target on Verizon Communications from $42.00 to $43.00 and gave the company an &#34;equal weight&#34; rating in a research report on Thursday, July 10th. Morgan Stanley raised their price target on Verizon Communications from $47.00 to $48.00 and gave the company an &#34;equal weight&#34; rating in a research report on Tuesday, July 22nd. Wall Street Zen raised Verizon Communications from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Saturday, July 26th. Arete Research raised Verizon Communications to a &#34;strong-buy&#34; rating in a research report on Tuesday, July 8th. Finally, The Goldman Sachs Group started coverage on Verizon Communications in a research report on Tuesday, September 2nd. They issued a &#34;buy&#34; rating and a $49.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned  a Buy rating and eleven have issued  a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $47.65.</p><ul><li>3 Stocks Poised to Gain from a September Rate Cut</li></ul><p><b>View Our Latest Stock Report on Verizon Communications</b></p><h2>Verizon Communications Stock Down 0.3%</h2><p>VZ stock opened at $43.99 on Friday. Verizon Communications Inc. has a twelve month low of $37.58 and a twelve month high of $47.35. The company has a market cap of $185.48 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 3.40 and a beta of 0.36. The business's 50-day simple moving average is $43.22 and its 200 day simple moving average is $43.38. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 1.19. </p><ul><li>3 Long-Term Dividend Buys You Can Get for Under $50</li></ul><p>Verizon Communications (NYSE:VZ - Get Free Report) last released its earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The business had revenue of $34.50 billion for the quarter, compared to the consensus estimate of $33.47 billion. Verizon Communications had a return on equity of 19.61% and a net margin of 13.28%.The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.15 earnings per share.  Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. On average, research analysts anticipate that  Verizon Communications Inc. will post 4.69 earnings per share for the current year. </p><h2>Verizon Communications Increases Dividend</h2><p>The firm also recently declared a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be paid a dividend of $0.69 per share. This is a positive change from Verizon Communications's previous quarterly dividend of $0.68. This represents a $2.76 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, October 10th. Verizon Communications's dividend payout ratio  is 63.17%. </p><h2>Verizon Communications Profile</h2> (Free Report)<p>Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Verizon Communications</li><li>What is Insider Trading? What You Can Learn from Insider Trading</li><li>Tesla's U.S. Market Is At An 8-Year Low... How Bad Could It Get?</li><li>3 Healthcare Dividend Stocks to Buy</li><li>Congress: The Biggest Trades Impacting Markets Today</li><li>What is an Earnings Surprise?  </li><li>3 Companies Boosting Buybacks While Others Pull Back</li></ul><p><strong>Want to see what other hedge funds are holding VZ?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVZa?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVZa"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Verizon Communications Right Now?</h2><p>Before you consider Verizon Communications, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verizon Communications wasn't on the list.</p><p>While Verizon Communications currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Modern Wealth Management LLC increased its stake in Verizon Communications Inc. by 15.4% in Q1, owning 49,897 shares valued at $2.26 million. Other hedge funds also boosted their positions, with GQG Partners increasing by 303.9%. Analysts have mixed ratings on Verizon, with an average price target of $47.65. The stock opened at $43.99, with a 12-month range of $37.58 to $47.35. Verizon reported Q2 earnings of $1.22 per share, exceeding estimates, and revenue of $34.50 billion, up 5.2% year-over-year. The company has set FY 2025 EPS guidance at 4.636-4.728.</p>

Modern Wealth Management LLC Has $2.26 Million Stake in Verizon Communications Inc. $VZ