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Alliance Wealth Advisors LLC UT Cuts Position in Verizon Communications Inc. $VZ

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Key Points

  • Alliance Wealth Advisors LLC UT cut its Verizon stake by 31.3% in Q4, selling 26,669 shares and leaving the firm with 58,457 shares valued at about $2.38 million.
  • Verizon beat Q1 EPS expectations ($1.28 vs. $1.21) but missed revenue estimates ($34.44B vs. $34.82B) and set FY2026 guidance of 4.950–4.990 EPS, in line with analyst expectations of roughly 4.95.
  • Insiders have sold roughly $12M of VZ stock over the past year (including Director Hans Erik Vestberg's sale of 200,000 shares), institutional investors own about 62.06% of the company, and the consensus analyst rating is a "Moderate Buy" with a target near $50.59.
  • MarketBeat previews top five stocks to own in June.

Alliance Wealth Advisors LLC UT decreased its stake in Verizon Communications Inc. (NYSE:VZ - Free Report) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,457 shares of the cell phone carrier's stock after selling 26,669 shares during the period. Alliance Wealth Advisors LLC UT's holdings in Verizon Communications were worth $2,381,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Blake Schutter Theil Wealth Advisors LLC increased its holdings in shares of Verizon Communications by 3.8% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier's stock worth $257,000 after buying an additional 233 shares during the last quarter. Monetary Management Group Inc. boosted its holdings in Verizon Communications by 0.8% in the second quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier's stock valued at $1,315,000 after acquiring an additional 250 shares during the last quarter. Hughes Financial Services LLC grew its position in Verizon Communications by 5.3% during the third quarter. Hughes Financial Services LLC now owns 5,035 shares of the cell phone carrier's stock valued at $221,000 after acquiring an additional 255 shares during the period. Hager Investment Management Services LLC grew its position in Verizon Communications by 26.2% during the third quarter. Hager Investment Management Services LLC now owns 1,233 shares of the cell phone carrier's stock valued at $54,000 after acquiring an additional 256 shares during the period. Finally, Washington Trust Advisors Inc. increased its stake in Verizon Communications by 2.9% during the third quarter. Washington Trust Advisors Inc. now owns 9,025 shares of the cell phone carrier's stock worth $397,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company's stock.

Verizon Communications Price Performance

Shares of NYSE VZ opened at $47.55 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The company has a market capitalization of $198.75 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.01 and a beta of 0.24. The business has a 50-day moving average of $48.94 and a 200-day moving average of $44.05.

Verizon Communications (NYSE:VZ - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.Verizon Communications's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities analysts anticipate that Verizon Communications Inc. will post 4.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Hans Erik Vestberg sold 200,000 shares of the company's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total value of $9,922,000.00. Following the completion of the transaction, the director directly owned 145,069 shares in the company, valued at approximately $7,196,873.09. This represents a 57.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, the senior vice president directly owned 43,782 shares of the company's stock, valued at approximately $2,189,100. The trade was a 16.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.03% of the company's stock.

Key Verizon Communications News

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Dbs Bank downgraded Verizon Communications from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 7th. William Blair raised shares of Verizon Communications to an "outperform" rating in a research report on Monday, February 2nd. Royal Bank Of Canada raised their price target on shares of Verizon Communications from $44.00 to $48.00 and gave the company a "sector perform" rating in a report on Tuesday, February 3rd. Raymond James Financial reaffirmed an "outperform" rating and set a $56.00 price target on shares of Verizon Communications in a research report on Thursday, March 12th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $48.00 price objective on shares of Verizon Communications in a research note on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.59.

View Our Latest Report on VZ

Verizon Communications Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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