Coppell Advisory Solutions LLC Buys Shares of 50,796 Verizon Communications Inc. $VZ

Key Points

• Coppell Advisory Solutions initiated a Verizon position by purchasing 50,796 shares valued at approximately $2.15 million. Institutional investors collectively own 62.06% of Verizon’s outstanding stock.
• Analyst sentiment remains mixed, with eight Buy ratings and twelve Holds. Verizon has a consensus rating of Hold and an average price target of $50.97.
• Verizon’s latest quarterly earnings beat expectations at $1.30 per share versus $1.27 expected, although revenue fell 0.7% year over year to $34.25 billion. The company maintained fiscal 2026 EPS guidance of $4.99–$5.04.

Coppell Advisory Solutions LLC purchased a new position in Verizon Communications Inc. (NYSE:VZ - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,796 shares of the cell phone carrier's stock, valued at approximately $2,151,000.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp increased its stake in Verizon Communications by 3.5% during the 4th quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier's stock worth $9,080,810,000 after purchasing an additional 7,461,335 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Verizon Communications by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier's stock valued at $4,747,930,000 after buying an additional 5,851,715 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Verizon Communications by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier's stock valued at $4,168,080,000 after buying an additional 867,694 shares during the period. Bank of America Corp DE boosted its holdings in shares of Verizon Communications by 15.4% in the first quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier's stock valued at $3,117,471,000 after buying an additional 8,289,877 shares during the period. Finally, Norges Bank bought a new stake in shares of Verizon Communications during the fourth quarter worth $2,357,158,000. Institutional investors and hedge funds own 62.06% of the company's stock.

Insider Activity

In other news, CEO Kyle Malady sold 1,100 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total value of $55,550.00. Following the sale, the chief executive officer directly owned 107,666 shares of the company's stock, valued at approximately $5,437,133. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,300 shares of company stock valued at $164,164. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VZ has been the topic of several research reports. Royal Bank Of Canada boosted their price objective on shares of Verizon Communications from $46.00 to $47.00 and gave the company a "sector perform" rating in a research report on Monday, July 27th. TD Cowen increased their target price on Verizon Communications from $54.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Weiss Ratings restated a "buy (b)" rating on shares of Verizon Communications in a report on Wednesday, August 26th. Moffett Nathanson decreased their price objective on Verizon Communications from $56.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, July 20th. Finally, Wells Fargo & Company boosted their target price 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. Eight investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Verizon Communications presently has a consensus rating of "Hold" and an average price target of $50.97.

Verizon Communications Stock Down 0.2%

NYSE:VZ opened at $50.21 on Thursday. The firm has a market capitalization of $208.60 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.71 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 twelve month low of $38.39 and a twelve month high of $51.68. The stock's 50 day moving average price is $46.16 and its two-hundred day moving average price is $47.45.

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 the consensus estimate of $1.27 by $0.03. The business had revenue of $34.25 billion during the quarter, compared to analysts' expectations of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm's revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Equities research analysts expect that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal 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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