Alps Advisors Inc. Purchases 61,941 Shares of Verizon Communications Inc. $VZ

NodeGuardian · 2026-02-11T18:18:03+00:00

Alps Advisors Inc. raised its Verizon stake by 8.8%, acquiring 61,941 shares to total 762,083 shares worth $33.49 million. Verizon, reporting strong earnings and increasing its dividend, received a "Moderate Buy" rating from analysts.

NodeGuardian

2026-02-11 18:18:03

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Alps Advisors Inc. increased its stake in Verizon Communications Inc. by 8.8% in the third quarter, acquiring 61,941 additional shares to hold a total of 762,083 shares valued at approximately $33.49 million. This occurred as Verizon reported strong quarterly EPS, raised its dividend, and received a “Moderate Buy” average rating from analysts with a target price of $49.02. The company’s stock is largely held by institutional investors, and it recently increased its quarterly dividend to $0.7075 per share, offering a significant yield.

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