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

Key Points

• Representative Gilbert Cisneros sold between $1,001 and $15,000 of Verizon shares on July 17, according to a disclosure filed September 4.
• Verizon reported quarterly EPS of $1.30, beating estimates of $1.27, but revenue fell 0.7% year over year to $34.25 billion, below expectations.
• Analysts maintain a consensus “Hold” rating with an average price target of $50.97; Verizon shares opened at $50.15, near their 52-week high.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Verizon Communications Inc. (NYSE:VZ). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Verizon Communications stock on July 17th. 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 Mesabi Trust NYSE: MSB on 7/31/2026.
• Purchased $1,001 - $15,000 in shares of Praxis Precision Medicines NASDAQ: PRAX on 7/30/2026.
• Purchased $15,001 - $50,000 in shares of Alkermes NASDAQ: ALKS on 7/30/2026.
• Sold $15,001 - $50,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 7/30/2026.
• Sold $100,001 - $250,000 in shares of Alibaba Group NYSE: BABA on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of SailPoint NASDAQ: SAIL on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of Glacier Bancorp NYSE: GBCI on 7/21/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 7/21/2026.

Verizon Communications Stock Performance

Shares of VZ stock opened at $50.15 on Tuesday. The firm has a market cap of $208.36 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.70 and a beta of 0.26. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68. The firm's 50-day simple moving average is $46.44 and its two-hundred day simple moving average is $47.48.

Verizon Communications (NYSE:VZ - Get Free Report) last released 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 firm had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. During the same period in the prior year, the firm earned $1.22 EPS. The company's revenue was down .7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, equities analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Insider Activity at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total value of $55,550.00. Following the completion of the sale, the chief executive officer directly owned 107,666 shares in the company, valued at approximately $5,437,133. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,300 shares of company stock worth $164,164 over the last quarter. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of Verizon Communications in a research note on Wednesday, August 26th. Freedom Capital upgraded Verizon Communications to a "hold" rating in a research note on Friday, June 12th. Royal Bank Of Canada lifted their price objective on Verizon Communications from $46.00 to $47.00 and gave the stock a "sector perform" rating in a report on Monday, July 27th. Wells Fargo & Company boosted their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. Finally, BNP Paribas Exane dropped their price target on shares of Verizon Communications from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $50.97.

Hedge Funds Weigh In On Verizon Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Financial Management LLC increased its position in shares of Verizon Communications by 6.2% during the 2nd quarter. Cornerstone Financial Management LLC now owns 3,568 shares of the cell phone carrier's stock valued at $151,000 after purchasing an additional 207 shares during the last quarter. HORAN Wealth LLC lifted its position in Verizon Communications by 2.9% in the 2nd quarter. HORAN Wealth LLC now owns 91,222 shares of the cell phone carrier's stock worth $3,862,000 after buying an additional 2,579 shares during the last quarter. HighTower Advisors LLC lifted its position in Verizon Communications by 2.3% in the 2nd quarter. HighTower Advisors LLC now owns 6,481,407 shares of the cell phone carrier's stock worth $274,423,000 after buying an additional 144,734 shares during the last quarter. Groupe la Francaise purchased a new stake in Verizon Communications in the second quarter worth approximately $64,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Verizon Communications during the second quarter valued at approximately $132,893,000. Hedge funds and other institutional investors own 62.06% of the company's stock.

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.

Verizon Communications Company Profile

Verizon Communications Inc NYSE: VZ is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company's consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.

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