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Global Wealth Management Investment Advisory Inc. Purchases 22,112 Shares of Verizon Communications Inc. $VZ
Global Wealth Management Investment Advisory Inc. significantly increased its stake in Verizon Communications Inc. by 16.3%, acquiring an additional 22,112 shares, bringing its total holdings to 157,849 shares valued at $6.43 million. This comes after Verizon reported stronger-than-expected Q1 earnings, beating EPS consensus and increasing revenue by 2.7% year-over-year. Despite insider selling, Verizon maintains a “Moderate Buy” consensus rating from analysts with an average target price of $50.59.