Verizon Communications (NYSE:VZ) Stock Sale Reported by Rep. Pete Sessions

Key Points

• Rep. Pete Sessions sold $15,001–$50,000 of Verizon stock on October 2 from his “TRUST ONE” account, amid a broader series of recent sales across major companies.
• Verizon’s latest quarter showed adjusted EPS of $1.31, beating estimates, while revenue rose 1.5% year over year to $34.31 billion. The company also announced a quarterly dividend of $0.7075 per share, representing a 6.6% annualized yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $50.82, while institutional investors own 62.06% of Verizon’s stock.

Representative Pete Sessions (Republican-Texas) recently sold shares of Verizon Communications Inc. NYSE: VZ. In a filing disclosed on October 27th, the Representative disclosed that they had sold between $15,001 and $50,000 in Verizon Communications stock on October 2nd. The trade occurred in the Representative's "TRUST ONE" account.

Representative Pete Sessions also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 10/28/2026.
• Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/27/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 10/27/2026.
• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 10/22/2026.
• Sold $1,001 - $15,000 in shares of Solstice Advanced Mat NASDAQ: SOLS on 10/21/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 10/21/2026.
• Sold $0 - $1,000 in shares of Resideo Technologies NYSE: REZI on 10/21/2026.
• Sold $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 10/20/2026.
• Sold $15,001 - $50,000 in shares of Berkshire Hathaway NYSE: BRK.B on 10/15/2026.

Verizon Communications Price Performance

Verizon Communications stock opened at $43.16 on Thursday. The company has a fifty day simple moving average of $47.24 and a 200-day simple moving average of $46.69. The firm has a market capitalization of $179.32 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.70 and a beta of 0.26. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 52-week low of $38.68 and a 52-week high of $51.68.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The cell phone carrier reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.04. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm had revenue of $34.31 billion for the quarter, compared to analyst estimates of $34.77 billion. During the same period in the previous year, the business posted $1.21 earnings per share. Verizon Communications's quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts anticipate that Verizon Communications Inc. will post 5.04 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 9th will be issued a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.6%. Verizon Communications's dividend payout ratio is presently 73.70%.

Institutional Trading of Verizon Communications

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in Verizon Communications by 15.4% during the 1st quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier's stock worth $3,117,471,000 after acquiring an additional 8,289,877 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Verizon Communications by 20.8% in 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 purchasing an additional 6,580,820 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 in the last quarter. Jupiter Topco LLC acquired a new position in Verizon Communications in the second quarter valued at approximately $184,260,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Verizon Communications during the 2nd quarter worth $132,893,000. Institutional investors and hedge funds own 62.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on VZ shares. Daiwa Securities Group cut their target price on Verizon Communications from $55.00 to $52.00 and set a "buy" rating for the company in a research note on Tuesday. Moffett Nathanson upped their price objective on shares of Verizon Communications from $49.00 to $50.00 and gave the company a "neutral" rating in a report on Tuesday, September 22nd. TD Cowen cut their price objective on shares of Verizon Communications from $56.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday. Freedom Broker raised shares of Verizon Communications from a "hold" rating to a "buy" rating and lifted their price target for the company from $53.00 to $55.00 in a research report on Wednesday. Finally, Citigroup cut their target price on Verizon Communications from $55.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $50.82.

More Verizon Communications News

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

• Positive Sentiment: Broker upgrade: Freedom Broker upgraded Verizon from “hold” to “buy” and raised its price target from $53 to $55, implying substantial potential upside from recent trading levels. Freedom Broker Verizon rating
• Positive Sentiment: Operational momentum: Verizon’s third-quarter adjusted EPS exceeded expectations, while postpaid phone additions, broadband growth, lower promotional costs and margin expansion supported a higher full-year outlook. The company also highlighted approximately $4 billion in signed AI-infrastructure contracts with AWS and Alphabet. Verizon Q3 earnings call highlights
• Positive Sentiment: Potentially manageable satellite threat: CEO Dan Schulman said SpaceX could require four to six years and hundreds of billions of dollars to become a full U.S. wireless competitor. Verizon remains open to partnerships with satellite providers while rejecting arrangements that would allow Starlink to compete directly through Verizon’s network. SpaceX and Verizon competition

Insider Activity at Verizon Communications

In related news, CEO Kyle Malady sold 1,100 shares of the company's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $43.00, for a total value of $47,300.00. Following the completion of the sale, the chief executive officer owned 98,866 shares in the company, valued at $4,251,238. This represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 11,000 shares of company stock valued at $516,373. Insiders own 0.03% of the company's stock.

About Representative Sessions

Pete Sessions (Republican Party) is a member of the U.S. House, representing Texas' 17th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Sessions (Republican Party) ran for re-election to the U.S. House to represent Texas' 17th Congressional District. He won in the general election on November 5, 2024. On October 20, 2023, Sessions announced he was running to replace Kevin McCarthy (R) as speaker of the U.S. House in the 118th Congress. Sessions lost the first round of nomination voting on October 24, 2023. Pete Sessions was born and lives in Waco, Texas. Sessions earned a B.S. from Southwestern University in 1978. Sessions' career experience includes working as an executive with AT&T.

Verizon Communications Company Profile

Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and digital connectivity services. Through its consumer business, Verizon offers mobile voice and data plans, smartphones and other connected devices, home internet, fixed wireless access, and fiber-optic broadband services under the Fios brand.

Verizon also serves businesses, government agencies, and other organizations with wireless connectivity, private networks, internet and data services, managed communications, cloud and security solutions, and Internet of Things services.

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