Verizon Communications (NYSE:VZ) Shares Purchased by Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Ray Cisneros Jr. purchased $1,001–$15,000 of Verizon shares on September 18, according to a congressional disclosure filing.
• Verizon reported quarterly EPS of $1.30, ahead of the $1.27 consensus, while revenue declined 0.7% year over year to $34.25 billion. The company reaffirmed fiscal 2026 EPS guidance of $4.99–$5.04.
• Verizon declared a quarterly dividend of $0.7075 per share, equivalent to an annualized $2.83 payout and a 6.5% yield; analysts maintain a consensus “Hold” rating with an average price target of $50.80.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Verizon Communications Inc. (NYSE:VZ). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Verizon Communications stock on September 18th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Benchmark Electronics NYSE: BHE on 10/1/2026.
• Sold $1,001 - $15,000 in shares of Oxford Industries NYSE: OXM on 9/29/2026.
• Sold $1,001 - $15,000 in shares of Semtech NASDAQ: SMTC on 9/29/2026.
• Sold $15,001 - $50,000 in shares of ITT NYSE: ITT on 9/29/2026.
• Sold $1,001 - $15,000 in shares of BridgeBio Pharma NASDAQ: BBIO on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Tandem Diabetes Care NASDAQ: TNDM on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Cytokinetics NASDAQ: CYTK on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of Ultragenyx Pharmaceutical NASDAQ: RARE on 9/29/2026.
• Purchased $1,001 - $15,000 in shares of YETI NYSE: YETI on 9/29/2026.
• Sold $1,001 - $15,000 in shares of AtriCure NASDAQ: ATRC on 9/29/2026.

Verizon Communications Trading Up 1.7%

NYSE:VZ opened at $43.49 on Wednesday. The firm has a market capitalization of $180.71 billion, a P/E ratio of 8.77, a PEG ratio of 1.45 and a beta of 0.26. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company's 50-day simple moving average is $48.02 and its 200 day simple moving average is $46.94.

Verizon Communications (NYSE:VZ - Get Free Report) last announced its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The business had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. During the same quarter last year, the firm earned $1.22 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, analysts forecast that Verizon Communications Inc. will post 5.04 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 9th will be paid a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $2.83 annualized dividend and a yield of 6.5%. Verizon Communications's payout ratio is presently 73.70%.

Institutional Investors Weigh In On Verizon Communications

Several institutional investors have recently modified their holdings of VZ. Bank of America Corp DE grew its holdings in Verizon Communications by 15.4% in the 1st quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier's stock valued at $3,117,471,000 after buying an additional 8,289,877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Verizon Communications by 14.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,173,226 shares of the cell phone carrier's stock worth $1,743,274,000 after acquiring an additional 5,075,794 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Verizon Communications by 20.8% during the 1st quarter. Bank of New York Mellon Corp now owns 38,164,982 shares of the cell phone carrier's stock valued at $1,915,882,000 after acquiring an additional 6,580,820 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Verizon Communications by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 32,734,998 shares of the cell phone carrier's stock valued at $1,643,339,000 after purchasing an additional 1,972,634 shares during the period. Finally, Deutsche Bank AG increased its position in Verizon Communications by 6.7% during the second quarter. Deutsche Bank AG now owns 20,882,074 shares of the cell phone carrier's stock worth $884,147,000 after purchasing an additional 1,305,471 shares during the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the business's stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $45.75, for a total value of $50,325.00. Following the transaction, the chief executive officer directly owned 102,166 shares in the company, valued at $4,674,094.50. The trade was a 1.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,700 shares of company stock worth $372,922 in the last ninety days. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada upped their price target on shares of Verizon Communications from $46.00 to $47.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. Moffett Nathanson reduced their price objective on shares of Verizon Communications from $56.00 to $49.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Barclays raised their price objective on shares of Verizon Communications from $45.00 to $46.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. Wells Fargo & Company lifted their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, July 27th. Finally, Scotiabank dropped their target price on shares of Verizon Communications from $51.50 to $50.00 and set a "sector outperform" rating on the stock in a research note on Friday, October 9th. Eight analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Verizon Communications currently has a consensus rating of "Hold" and an average price target of $50.80.

Trending Headlines about Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

• Positive Sentiment: Valuation and dividend support: Verizon’s roughly 6%–6.2% dividend yield and low forward valuation are attracting income-oriented investors after the telecom-sector selloff. Analysts and financial commentators argue that the market may have overreacted to the SpaceX announcement, creating potential recovery upside if satellite competition develops slowly. Verizon’s Had a Difficult Six Months
• Positive Sentiment: New business 5G distribution channel: Verizon Business partnered with SKYBOXE to resell its 5G fixed-wireless data plans to U.S. small businesses and remote operations. The agreement gives Verizon another route to grow commercial connectivity and compete with wired broadband providers. Verizon Adds a New Reseller for Business 5G Fixed Wireless
• Positive Sentiment: Terrestrial networks remain strategically important: Coverage of the satellite selloff notes that Starlink is likely to be more useful in rural, maritime and remote areas than in dense urban markets, where terrestrial 5G networks offer significantly greater capacity. Verizon’s participation in a planned AT&T and T-Mobile satellite-coverage initiative could also help address dead zones without requiring a costly standalone space investment. Verizon: SpaceX Just Created a Swing-Trade Opportunity
• Neutral Sentiment: Investor attention is elevated: Verizon is among the most-watched stocks on Zacks, while comparisons with AT&T focus on Verizon’s stronger free-cash-flow potential but higher leverage from acquisitions. The attention may increase trading activity without establishing a clear fundamental catalyst. Verizon Is a Trending Stock
• Negative Sentiment: SpaceX competition remains the main overhang: Bernstein cut price targets for Verizon and other incumbent telecom companies, citing Starlink’s spectrum expansion, carrier pricing pressure and seasonal fourth-quarter weakness. The deal gives SpaceX additional low-band spectrum and reinforces fears that satellite services could eventually compete for wireless customers. SpaceX Starlink Mobile Push Prompts Bernstein to Cut Price Targets
• Negative Sentiment: Legacy-service retirement creates customer-relations risk: Verizon is clarifying plans to discontinue a legacy landline service in several states after customer backlash. Although the change may reduce maintenance costs over time, regulatory scrutiny and reputational concerns could weigh on sentiment. Verizon Responds to Customer Backlash

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About Verizon Communications

Verizon Communications Inc is a telecommunications company headquartered in New York City and listed on the New York Stock Exchange under the symbol VZ. The company was formed in 2000 through the merger of Bell Atlantic and GTE and has developed into one of the largest communications providers in the United States.

Verizon's consumer business provides wireless voice and data services, smartphones and other connected devices, home internet, broadband, and related communications products.

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