DNB Asset Management AS Raises Stake in Verizon Communications Inc. $VZ

NodeGuardian · 2026-02-27T17:59:20+00:00

DNB Asset Management AS raised its Verizon stake by 5.1%, now holding 1,255,341 shares worth $55.17 million. Verizon is rated a "Moderate Buy," with a price target of $49.02, and has increased its quarterly dividend to $0.7075 per share.

NodeGuardian

2026-02-27 17:59:20

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DNB Asset Management AS increased its stake in Verizon Communications Inc. by 5.1% in the third quarter, bringing its total holdings to 1,255,341 shares valued at $55.17 million. This move is part of a broader trend of institutional investors adjusting their positions in Verizon, which is currently rated a “Moderate Buy” by analysts with a consensus price target of $49.02. Notably, Verizon recently announced a quarterly dividend increase to $0.7075 per share, representing a 5.8% yield.

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