56,400 Shares in Verizon Communications Inc. $VZ Purchased by Family Manage LLC

Family Manage LLC acquired a new stake in Verizon Communications Inc. (NYSE:VZ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 56,400 shares of the cell phone carrier's stock, valued at approximately $2,831,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Strengthening Families & Communities LLC grew its position in shares of Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier's stock worth $26,000 after acquiring an additional 539 shares in the last quarter. Lam Group Inc. acquired a new stake in shares of Verizon Communications during the 1st quarter valued at approximately $28,000. EQ Wealth Advisors LLC acquired a new stake in shares of Verizon Communications during the 4th quarter valued at approximately $29,000. Sarver Vrooman Wealth Advisors lifted its stake in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier's stock worth $29,000 after purchasing an additional 448 shares during the last quarter. Finally, Quattro Advisors LLC bought a new position in Verizon Communications during the fourth quarter worth $30,000. Institutional investors and hedge funds own 62.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Scotiabank lowered their target price on shares of Verizon Communications from $54.50 to $51.50 and set a "sector outperform" rating for the company in a research note on Wednesday, July 15th. Morgan Stanley raised their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. Dbs Bank lowered shares of Verizon Communications from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 7th. BNP Paribas Exane lowered their price objective on shares of Verizon Communications from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, July 14th. Finally, Freedom Capital upgraded shares of Verizon Communications to a "hold" rating in a research note on Friday, June 12th. Nine equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $50.03.

Key Stories Impacting Verizon Communications

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

• Positive Sentiment: Verizon beat Q2 adjusted EPS estimates at $1.30 versus $1.27 expected, helped by record EBITDA margins and stronger cash generation. Verizon earnings report
• Positive Sentiment: The company raised its full-year 2026 guidance for adjusted EPS, mobility and broadband service revenue, and free cash flow, signaling management confidence in the outlook. Reuters guidance article
• Positive Sentiment: Verizon posted better-than-expected subscriber momentum, including 184,000 postpaid phone additions and more than 550,000 total mobility and broadband net adds, showing the core business is improving. Verizon press release
• Positive Sentiment: Free cash flow rose 24.4% and Verizon expanded its full-year buyback target to as much as $4.5 billion, both supportive of shareholder returns. Verizon press release
• Positive Sentiment: Verizon also announced a more than $1 billion dark fiber deal with Google for AI data centers, suggesting potential upside from infrastructure demand and additional AI-related contracts. Reuters Google deal article
• Neutral Sentiment: Revenue came in below Wall Street expectations and was slightly lower year over year, so top-line pressure is still a concern. Verizon earnings report
• Neutral Sentiment: Options activity was unusually heavy, with traders buying more call options than normal, which may reflect speculative bullish positioning rather than fundamental news. GuruFocus earnings call highlights

Verizon Communications Trading Down 0.1%

NYSE:VZ opened at $46.34 on Monday. The firm has a market capitalization of $193.47 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.13 and a beta of 0.26. The business has a 50 day simple moving average of $45.39 and a 200 day simple moving average of $46.24. 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 12-month low of $38.39 and a 12-month high of $51.68.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. The firm had revenue of $34.25 billion for the quarter, compared to analyst estimates of $35.16 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Equities research analysts predict that Verizon Communications Inc. will post 5 EPS for the current year.

Verizon Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.7075 per share. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 6.1%. Verizon Communications's dividend payout ratio is currently 69.02%.

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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