Verizon Communications (VZ) shown a promising upward trajectory so far this year, evidenced by a 9.5% surge in its stock. The company is set to speak at the Goldman Sachs Communacopia on September 8. Moreover, several metrics, such as the Graham Number and P/E indicators, suggest a contrarian positive outlook. The quarterly dividend has been increased to $0.69, indicating robust financial health. More importantly, VZ appears attractive to institutional investors, owning about 67% of the company's stock, including Amundi which holds approximately $936.51 million in the company. The stock has seen substantial buying and selling from a varied group of investment firms such as Alyeska Investment Group, Adage Capital Partners, and Jacobs Levy Equity Management among others. The company also announced a 1.8% increase in its dividend, yielding roughly 6.3%. Financial advisors, wealth management firms, and capital management entities also adjusted holdings, indicating significant interest in the company. Additionally, VZ demonstrated resilience with an increase of 1.2% in its shares despite market dynamics. Verizon’s financial discipline led to its 19th consecutive year of dividend growth, providing excellent shareholder value. The company's stock exhibited potential for both long-term momentum and value investments.
