Stableford Capital II LLC Grows Position in Verizon Communications Inc. $VZ

Key Points

• Stableford Capital II LLC increased its Verizon position by 491.8% in the second quarter, ending with 25,686 shares valued at approximately $1.09 million. Institutional investors collectively own 62.06% of Verizon’s stock.
• Verizon beat quarterly EPS estimates, reporting $1.30 versus the $1.27 consensus, though revenue of $34.25 billion fell short of expectations and declined 0.7% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $50.97. Verizon also agreed to a multibillion-dollar Corning fiber supply deal through 2032, supporting broadband and AI-related infrastructure expansion but potentially increasing capital commitments.

Stableford Capital II LLC raised its position in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 491.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,686 shares of the cell phone carrier's stock after buying an additional 21,346 shares during the quarter. Stableford Capital II LLC's holdings in Verizon Communications were worth $1,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VZ. Gill Capital Partners LLC increased its holdings in shares of Verizon Communications by 74.6% during the second quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier's stock valued at $26,000 after acquiring an additional 265 shares in the last quarter. Robinswood Financial LLC purchased a new position in shares of Verizon Communications during the first quarter valued at approximately $27,000. Lam Group Inc. bought a new position in Verizon Communications during the first quarter valued at approximately $28,000. Sarver Vrooman Wealth Advisors lifted its position in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier's stock valued at $29,000 after purchasing an additional 448 shares during the period. Finally, Quattro Advisors LLC bought a new stake in Verizon Communications in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 62.06% of the company's stock.

Insiders Place Their Bets

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $50.50, for a total transaction of $55,550.00. Following the completion of the sale, the chief executive officer owned 107,666 shares of the company's stock, valued at approximately $5,437,133. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,300 shares of company stock worth $164,164 in the last quarter. 0.03% of the stock is currently owned by insiders.

Verizon Communications Stock Up 0.5%

Shares of VZ stock opened at $50.40 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The stock has a market cap of $209.40 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.70 and a beta of 0.26. The company has a 50 day simple moving average of $46.61 and a two-hundred day simple moving average of $47.50.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.03. The firm had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. On average, research analysts expect that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on VZ. Moffett Nathanson decreased their target price on shares of Verizon Communications from $56.00 to $49.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Morgan Stanley raised their price target on Verizon Communications from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. Weiss Ratings reiterated a "buy (b)" rating on shares of Verizon Communications in a research report on Wednesday, August 26th. Wells Fargo & Company increased their target price on Verizon Communications from $43.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, July 27th. Finally, Royal Bank Of Canada raised their target price on Verizon Communications from $46.00 to $47.00 and gave the stock a "sector perform" rating in a research report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $50.97.

Trending Headlines about Verizon Communications

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

• Positive Sentiment: Verizon signed a multibillion-dollar supply agreement with Corning for high-density optical fiber running through 2032. The commitment is intended to expand broadband access and strengthen infrastructure for rising AI-related data traffic, providing greater long-term visibility for Verizon’s network buildout. Verizon signs optical fiber deal with Corning to expand broadband, support AI growth
• Positive Sentiment: The agreement reportedly covers approximately 80 million miles of fiber and could help Verizon meet growing demand for consumer broadband, business connectivity and converged services. Investors may view the deal as supporting customer growth and reinforcing Verizon’s competitive position in infrastructure tied to AI demand. Verizon Just Locked In 80 Million Miles of Fiber Through 2032
• Neutral Sentiment: The deal’s strategic benefits are clear, but the articles do not disclose its precise financial terms. Verizon will likely need to commit substantial capital and operating resources, so the effect on margins, free cash flow and returns will depend on execution and broadband subscriber growth. Verizon, Corning Reach Multi-Billion Dollar Agreement for Broadband Expansion
• Negative Sentiment: Some market commentary points to investors rotating away from defensive, high-yield telecommunications stocks after Verizon’s strong run. Brokerages maintain a consensus “Hold” recommendation, suggesting much of the recent recovery may already be reflected in the share price. Shift Away from Defensive Plays Hits Verizon Communications

About Verizon Communications

Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and related technology services. Its offerings include mobile voice and data plans, 5G connectivity, fixed wireless access, fiber-optic internet through Verizon Fios, home services, and connected-device solutions.

Through Verizon Business, the company serves enterprises, government agencies, and other organizations with communications networks, managed connectivity, cybersecurity, cloud and edge-computing services, unified communications, and Internet of Things solutions.

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