QRG Capital Management Inc. Buys 166,361 Shares of Verizon Communications Inc. $VZ

Key Points

• QRG Capital Management increased its stake in Verizon by 26.5% in the first quarter, buying 166,361 additional shares and bringing its total holdings to 793,626 shares worth about $39.8 million.
• Institutional ownership in Verizon remains high, with 62.06% of the stock held by institutional investors, and several other funds also reported small increases in their positions.
• Verizon continues to attract attention for its dividend and valuation profile: analysts have a consensus rating of “Moderate Buy,” the stock yields about 6.6%, and the company recently posted earnings that beat EPS expectations while guiding FY 2026 EPS at 4.950–4.990.

QRG Capital Management Inc. raised its stake in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 26.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 793,626 shares of the cell phone carrier's stock after purchasing an additional 166,361 shares during the quarter. QRG Capital Management Inc.'s holdings in Verizon Communications were worth $39,840,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. RKL Wealth Management LLC boosted its stake in shares of Verizon Communications by 4.3% during the 1st quarter. RKL Wealth Management LLC now owns 5,338 shares of the cell phone carrier's stock valued at $268,000 after purchasing an additional 218 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its stake in Verizon Communications by 8.6% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier's stock worth $113,000 after buying an additional 219 shares in the last quarter. Sumitomo Life Insurance Co. raised its stake in Verizon Communications by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier's stock worth $1,426,000 after buying an additional 227 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC lifted its holdings in Verizon Communications by 3.8% in the fourth 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 period. Finally, Triton Wealth Management PLLC lifted its holdings in Verizon Communications by 2.6% in the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier's stock worth $377,000 after buying an additional 234 shares during the period. 62.06% of the stock is currently owned by institutional investors.

Trending Headlines about Verizon Communications

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

• Positive Sentiment: Analysts and market commentary continue to frame Verizon as an attractive value stock, with Zacks citing favorable style-score characteristics that may appeal to value-focused investors. Here's Why Verizon Communications (VZ) is a Strong Value Stock
• Positive Sentiment: Verizon’s dividend profile is still a key support for the shares, with comparisons to AT&T emphasizing Verizon’s long record of dividend increases and its appeal to income investors. Better High-Yield Dividend Stock: Verizon or AT&T?
• Positive Sentiment: Verizon and BT Group announced a $4 billion international enterprise joint venture, which could expand Verizon’s global business services reach and improve growth prospects. Is Verizon Communications Inc. (VZ) Stock Positioned for Growth After $4B International Enterprise Partnership?
• Neutral Sentiment: Verizon is getting more trading attention from retail investors, which may reflect renewed interest but does not by itself change the company’s fundamentals. Verizon Communications Inc. (VZ) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Wall Street expects Verizon’s upcoming quarterly earnings to show modest profit growth, making the next report an important catalyst but not a clear surprise yet. What to Expect From Verizon Communications' Next Quarterly Earnings Report
• Negative Sentiment: Coverage about Starlink’s push into mobile service raises longer-term competitive pressure on Verizon and other wireless carriers, even though major infrastructure hurdles remain. Starlink Dominates Internet From Space. Can It Disrupt AT&T and Verizon on the Ground?

Wall Street Analyst Weigh In

VZ has been the topic of several research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Verizon Communications in a research report on Friday, May 29th. Morgan Stanley increased their target price on Verizon Communications from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. Barclays raised 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 Tuesday, March 31st. Raymond James Financial restated an "outperform" rating and set a $56.00 price target on shares of Verizon Communications in a research report on Thursday, March 12th. Finally, Wells Fargo & Company upped their price target on Verizon Communications from $44.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Verizon Communications presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.59.

Verizon Communications Trading Up 0.0%

Shares of NYSE VZ opened at $42.57 on Friday. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The firm has a 50-day moving average of $46.56 and a 200 day moving average of $45.91. The stock has a market cap of $177.77 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 1.04 and a beta of 0.26.

Verizon Communications (NYSE:VZ - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business had revenue of $34.44 billion for the quarter, compared to analysts' expectations of $34.82 billion. During the same quarter in the prior year, the company earned $1.19 earnings per share. The business's 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. As a group, sell-side analysts expect that Verizon Communications Inc. will post 4.98 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a $0.7075 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 6.6%. Verizon Communications's dividend payout ratio is presently 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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