Red Door Wealth Management LLC Trims Position in Verizon Communications Inc. $VZ

Key Points

• Red Door Wealth Management cut its stake in Verizon by 19.7%$4.95 million.
• Verizon raised its quarterly dividend to $0.7075 (annualized $2.83) for a ~5.7% yield, and reported Q4 EPS of $1.09 (beat) with FY2026 guidance of 4.900–4.950 EPS.
• Insiders sold 218,148 shares (~$10.78 million) in the last quarter while institutional ownership stands at 62.06%; analysts rate VZ a consensus "Moderate Buy" with an average price target of $50.56.

Red Door Wealth Management LLC trimmed its position in Verizon Communications Inc. (NYSE:VZ - Free Report) by 19.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 121,625 shares of the cell phone carrier's stock after selling 29,859 shares during the period. Red Door Wealth Management LLC's holdings in Verizon Communications were worth $4,954,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. TruNorth Capital Management LLC grew its stake in shares of Verizon Communications by 95.3% during the 3rd quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier's stock valued at $27,000 after acquiring an additional 305 shares during the period. Holos Integrated Wealth LLC bought a new stake in Verizon Communications during the 4th quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in Verizon Communications during the third quarter valued at approximately $29,000. Global Wealth Strategies & Associates boosted its position in shares of Verizon Communications by 739.5% in the third quarter. Global Wealth Strategies & Associates now owns 680 shares of the cell phone carrier's stock worth $30,000 after purchasing an additional 599 shares during the period. Finally, Silicon Valley Capital Partners boosted its position in shares of Verizon Communications by 52.4% in the second quarter. Silicon Valley Capital Partners now owns 782 shares of the cell phone carrier's stock worth $34,000 after purchasing an additional 269 shares during the period. 62.06% of the stock is currently owned by institutional investors.

Verizon Communications Price Performance

VZ stock opened at $49.46 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.87 and a current ratio of 0.91. The company's fifty day moving average price is $48.55 and its 200-day moving average price is $43.48. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company has a market capitalization of $208.59 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $36.38 billion during the quarter, compared to analysts' expectations of $36.20 billion. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. Verizon Communications's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. On average, equities analysts anticipate that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be paid a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, April 10th. This is a boost from Verizon Communications's previous quarterly dividend of $0.69. This represents a $2.83 dividend on an annualized basis and a yield of 5.7%. Verizon Communications's dividend payout ratio is currently 68.15%.

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the sale, the senior vice president owned 43,782 shares of the company's stock, valued at $2,189,100. The trade was a 16.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joseph J. Russo sold 9,579 shares of the company's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $44.88, for a total value of $429,905.52. Following the sale, the executive vice president directly owned 44,045 shares in the company, valued at $1,976,739.60. This trade represents a 17.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 218,148 shares of company stock worth $10,780,356 in the last quarter. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on VZ shares. Morgan Stanley raised their price objective on shares of Verizon Communications from $47.00 to $49.00 and gave the company an "equal weight" rating in a research report on Monday, February 2nd. KeyCorp reiterated a "sector weight" rating on shares of Verizon Communications in a research note on Monday, January 26th. Williams Trading set a $54.00 price target on Verizon Communications in a report on Monday, February 2nd. Oppenheimer boosted their price objective 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, Scotiabank raised Verizon Communications from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $50.25 to $54.50 in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.56.

Verizon Communications 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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