Vinva Investment Management Ltd Has $28.72 Million Stock Position in Verizon Communications Inc. $VZ

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Vinva Investment Management Ltd has significantly increased its stake in Verizon Communications Inc. (NYSE:VZ) by 118.4%, now owning 664,074 shares valued at $28.72 million. This comes as analysts maintain a “Moderate Buy” rating for Verizon with an average price target of $49.02, despite recent insider selling amounting to $10.78 million. Verizon has also raised its quarterly dividend to $0.7075 per share, offering an annualized yield of approximately 5.5%.

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