Axxcess Wealth Management LLC Grows Stake in Verizon Communications Inc. $VZ

Key Points

• Axxcess Wealth Management LLC boosted its Verizon stake by 611.1% in the fourth quarter, ending with 1,254,721 shares worth about $51.1 million.
• Other institutions also increased their positions, and hedge funds and other institutional investors now own 62.06% of Verizon’s stock, indicating continued broad institutional interest.
• Verizon’s recent earnings beat expectations, reporting $1.28 EPS versus the $1.21 estimate, while revenue rose 2.7% year over year and the company reiterated FY 2026 EPS guidance of 4.950-4.990.

Axxcess Wealth Management LLC increased its holdings in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 611.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,254,721 shares of the cell phone carrier's stock after purchasing an additional 1,078,267 shares during the quarter. Axxcess Wealth Management LLC's holdings in Verizon Communications were worth $51,105,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in VZ. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Verizon Communications by 7.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 658,473 shares of the cell phone carrier's stock worth $26,820,000 after purchasing an additional 43,337 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in shares of Verizon Communications by 4.3% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 15,399 shares of the cell phone carrier's stock worth $627,000 after acquiring an additional 630 shares during the last quarter. Commonwealth Financial Services LLC lifted its stake in shares of Verizon Communications by 8.8% during the 4th quarter. Commonwealth Financial Services LLC now owns 11,648 shares of the cell phone carrier's stock worth $474,000 after acquiring an additional 941 shares during the last quarter. Heritage Investors Management Corp lifted its stake in shares of Verizon Communications by 0.6% during the 4th quarter. Heritage Investors Management Corp now owns 406,780 shares of the cell phone carrier's stock worth $16,568,000 after acquiring an additional 2,270 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of Verizon Communications by 13.3% during the 4th quarter. Hexagon Capital Partners LLC now owns 44,989 shares of the cell phone carrier's stock worth $1,832,000 after acquiring an additional 5,294 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company's stock.

Trending Headlines about Verizon Communications

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

• Positive Sentiment: Verizon announced preliminary shareholder voting results from its 2026 annual meeting, with shareholders electing all nine board nominees and approving management proposals, signaling solid governance support and no signs of major shareholder unrest. Article Title
• Positive Sentiment: The company said California SBDC named Verizon its Corporate Small Business Champion of the Year, highlighting Verizon’s small-business support and community profile, which can reinforce the brand and customer loyalty narrative. Article Title
• Positive Sentiment: Analyst coverage remains constructive, with commentary pointing to Verizon’s strong dividend outlook, improving earnings momentum, and the ability to manage debt after the Frontier acquisition while still supporting buybacks. Article Title
• Positive Sentiment: Verizon also rolled out customer-facing promotions, including a large FIFA World Cup 2026 ticket giveaway and the launch of the motorola razr 2026 on its lineup, both of which support subscriber engagement and marketing momentum. Article Title
• Neutral Sentiment: Several articles framed Verizon as a top-ranked momentum or value-focused telecom stock versus peers, which may help sentiment but does not represent a new company-specific catalyst. Article Title
• Neutral Sentiment: Industry pieces on private 5G, satellite telecom, and the SpaceX IPO filing may support the long-term wireless narrative, but they are broader sector stories rather than direct Verizon-specific news. Article Title
• Negative Sentiment: Verizon’s ongoing debt management remains a watch point after the Frontier deal, and the planned redemption of debt securities underscores that leverage is still part of the story even as the company works to pay it down. Article Title

Insider Activity at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the transaction, the senior vice president owned 43,782 shares in the company, valued at $2,189,100. This trade represents a 16.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 145,069 shares of the company's stock, valued at $7,196,873.09. The trade was a 57.96% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

VZ has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $48.00 target price on shares of Verizon Communications in a research report on Monday, February 2nd. Weiss Ratings raised Verizon Communications from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 5th. Erste Group Bank reissued a "hold" rating on shares of Verizon Communications in a research report on Tuesday, May 5th. Oppenheimer upped their target price on Verizon Communications from $50.00 to $56.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. upped their target price on Verizon Communications from $49.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Verizon Communications presently has an average rating of "Moderate Buy" and an average target price of $50.59.

Verizon Communications Stock Up 0.9%

Verizon Communications stock opened at $48.26 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The business's 50-day simple moving average is $48.21 and its two-hundred day simple moving average is $44.75. The company has a market cap of $201.52 billion, a PE ratio of 11.77, a PEG ratio of 1.00 and a beta of 0.24. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The business had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the previous year, the business earned $1.19 EPS. The company's quarterly revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current year.

About Verizon Communications

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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