Verizon Communications Inc. $VZ Shares Purchased by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management increased its Verizon stake by 82.4% in the second quarter, adding 144,260 shares to hold 319,430 shares valued at approximately $13.5 million. Institutional investors collectively own 62.06% of Verizon.
• Verizon reported quarterly EPS of $1.30, beating estimates of $1.27, although revenue fell 0.7% year over year to $34.25 billion. The company reaffirmed fiscal 2026 EPS guidance of $4.99–$5.04.
• Verizon’s $0.7075 quarterly dividend equates to an annualized $2.83 payout and a 5.8% yield. Analysts maintain a consensus “Hold” rating with a $50.84 target price, while the company explores AI-related fiber-network opportunities.

Axxcess Wealth Management LLC boosted its stake in Verizon Communications Inc. (NYSE:VZ - Free Report) by 82.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 319,430 shares of the cell phone carrier's stock after buying an additional 144,260 shares during the quarter. Axxcess Wealth Management LLC's holdings in Verizon Communications were worth $13,525,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Strengthening Families & Communities LLC boosted its stake in shares of Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier's stock valued at $26,000 after acquiring an additional 539 shares during the last quarter. Robinswood Financial LLC acquired a new position in Verizon Communications in the 1st quarter valued at about $27,000. Lam Group Inc. acquired a new position in Verizon Communications in the 1st quarter valued at about $28,000. EQ Wealth Advisors LLC acquired a new position in Verizon Communications in the 4th quarter valued at about $29,000. Finally, Sarver Vrooman Wealth Advisors lifted its holdings in Verizon Communications by 173.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 62.06% of the company's stock.

More Verizon Communications News

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

• Positive Sentiment: Verizon is using its fiber network to support AI-related connectivity, including a reported $1 billion-plus agreement with Google and potential additional hyperscaler contracts. These deals could create new enterprise revenue opportunities beyond traditional wireless services. Can AI Infrastructure Drive Verizon's Next Long-Term Growth?
• Positive Sentiment: Analysts continue to highlight Verizon as a value stock, supported by its relatively modest valuation, income potential and defensive telecommunications business. That profile may appeal to investors seeking stability while broader markets remain elevated. Here's Why Verizon Communications Is a Strong Value Stock
• Positive Sentiment: Verizon’s preparation for Tropical Storm Lala in Hawaii— including backup generators, satellite assets and pre-positioned equipment— reinforces network reliability and customer support, though the immediate financial impact is likely limited. Verizon Readies for Tropical Storm Lala
• Neutral Sentiment: A comparison with Nokia emphasizes Verizon’s connectivity strengths as both companies position for AI-driven telecom demand. The article does not identify a material change to Verizon’s near-term earnings outlook. Verizon vs. Nokia: Which Telecom Stock is the Better Buy Now?
• Negative Sentiment: Investors remain mindful that Verizon has returned substantial cash to shareholders while its stock has lagged the broader market. This raises questions about whether dividends and buybacks are producing sufficient shareholder value compared with reinvestment in growth. VZ Paid Holders $59 Billion While the Stock Trailed the Market

Wall Street Analyst Weigh In

Several research firms have issued reports on VZ. Royal Bank Of Canada raised their price target on shares of Verizon Communications from $46.00 to $47.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. Moffett Nathanson cut their price objective on shares of Verizon Communications from $56.00 to $49.00 and set a "neutral" rating for the company in a research report on Monday, July 20th. Scotiabank upped their price objective on shares of Verizon Communications from $51.50 to $52.50 and gave the company a "sector outperform" rating in a research note on Monday, July 27th. Barclays raised their target price on shares of Verizon Communications from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Monday, July 27th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Verizon Communications in a research note on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, Verizon Communications has a consensus rating of "Hold" and a consensus target price of $50.84.

Verizon Communications Stock Up 0.6%

Shares of VZ opened at $48.50 on Friday. The firm has a market cap of $201.51 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 1.35 and a beta of 0.25. The company's fifty day moving average is $45.30 and its two-hundred day moving average is $46.99. Verizon Communications Inc. has a fifty-two week low of $38.39 and a fifty-two week high of $51.68. 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 (NYSE:VZ - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.03. The business had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The business's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 10th were given a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Friday, July 10th. Verizon Communications's payout ratio is 73.70%.

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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