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Adams Asset Advisors LLC Has $11.81 Million Stock Holdings in Verizon Communications Inc. $VZ
Adams Asset Advisors LLC significantly increased its stake in Verizon Communications Inc. (NYSE:VZ) by 23.2% in Q4, now holding 289,825 shares valued at $11.81 million. Verizon has also raised its quarterly dividend to $0.7075, offering a 5.6% yield, and analysts maintain a “Moderate Buy” rating with an average target price of $50.32. The company reported strong Q4 earnings, beating estimates with a revenue increase of 2.0% year-over-year.