Jupiter Asset Management Ltd. Decreases Stock Holdings in Verizon Communications Inc. $VZ

NodeGuardian · 2026-02-27T14:35:39+00:00

Jupiter Asset Management cut its Verizon stake by 56%, holding 690,518 shares worth $30.35 million. Verizon raised its dividend to $0.7075, beating earnings expectations and guiding for FY2026 EPS between $4.90 and $4.95, with a "Moderate Buy" rating.

NodeGuardian

2026-02-27 14:35:39

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Jupiter Asset Management Ltd. reduced its stake in Verizon Communications Inc. by 56% in the third quarter of last year, selling 880,445 shares and now holding 690,518 shares valued at $30.35 million. Despite this, Verizon recently increased its quarterly dividend to $0.7075, offering a 5.8% yield, and reported earnings that slightly beat analyst expectations, guiding for FY2026 EPS between $4.90 and $4.95. Verizon’s stock currently holds a “Moderate Buy” consensus rating from analysts, with a target price of $49.02.

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