Verizon Communications Inc. $VZ Shares Sold by Solidarity Wealth LLC

Key Points

• Asset manager Solidarity Wealth LLC drastically cut its position in Verizon, selling 163,422 shares (an 89.7% reduction) and leaving 18,848 shares worth about $768,000, while corporate insiders have also been net sellers — including Director Hans Erik Vestberg’s sale of 200,000 shares, with insiders offloading ~218,148 shares (~$10.78M) in the past three months.
• Verizon slightly beat quarterly expectations with $1.09 EPS on $36.38B revenue and set FY2026 guidance of 4.90–4.95 EPS, and the company raised its quarterly dividend to $0.7075 (annualized $2.83) for a ~6.1% yield, ex-dividend April 10.

Solidarity Wealth LLC lessened its stake in shares of Verizon Communications Inc. (NYSE:VZ - Free Report) by 89.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,848 shares of the cell phone carrier's stock after selling 163,422 shares during the quarter. Solidarity Wealth LLC's holdings in Verizon Communications were worth $768,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC grew its holdings in Verizon Communications by 95.3% during the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier's stock worth $27,000 after acquiring an additional 305 shares during the period. Holos Integrated Wealth LLC acquired a new position in Verizon Communications during the fourth quarter worth about $28,000. Foster Dykema Cabot & Partners LLC acquired a new position in Verizon Communications during the third quarter worth about $29,000. Daytona Street Capital LLC acquired a new position in Verizon Communications during the fourth quarter worth about $33,000. Finally, Accordant Advisory Group Inc grew its holdings in Verizon Communications by 152.9% during the fourth quarter. Accordant Advisory Group Inc now owns 827 shares of the cell phone carrier's stock worth $34,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 62.06% of the company's stock.

Verizon Communications Trading Down 1.6%

Shares of VZ opened at $46.46 on Friday. The business's 50-day moving average price is $49.06 and its 200 day moving average price is $43.82. The stock has a market capitalization of $194.20 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.21 and a beta of 0.29. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.03. The firm had revenue of $36.38 billion for the quarter, compared to analysts' expectations of $36.20 billion. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.Verizon Communications's revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. Analysts expect that Verizon Communications Inc. will post 4.9 earnings per share for the current year.

Verizon Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 10th will be given a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, April 10th. This is a positive change from Verizon Communications's previous quarterly dividend of $0.69. Verizon Communications's dividend payout ratio is presently 69.88%.

Insiders Place Their Bets

In other Verizon Communications news, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the transaction, the director directly owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph J. Russo sold 9,579 shares of Verizon Communications stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $44.88, for a total transaction of $429,905.52. Following the transaction, the executive vice president owned 44,045 shares in the company, valued at approximately $1,976,739.60. The trade was a 17.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 218,148 shares of company stock worth $10,780,356. Corporate insiders own 0.10% of the company's stock.

Key Headlines Impacting Verizon Communications

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

• Positive Sentiment: Verizon expanded its Frontline Network Slice to laptops, tablets and smartphones, improving dedicated, prioritized 5G connectivity for first responders — a move that can win higher-margin public‑safety contracts and differentiate Verizon’s enterprise offerings. Verizon Frontline Network Slice available for laptops, tablets and smartphones nationwide
• Positive Sentiment: Verizon is deploying advanced 5G and fiber for FIFA World Cup 2026 venues and surrounding communities and has expanded its 5G network slicing for FirstNet and frontline use—moves that raise service pricing power at large events and for critical customers. How Verizon’s Expanded 5G Network Slicing and World Cup Buildout Could Impact Verizon Communications (VZ) Investors
• Positive Sentiment: Legal win: a federal judge granted Verizon a preliminary injunction blocking certain T‑Mobile ad claims about >$1,000 savings for switchers — reduces competitive marketing pressure and could protect Verizon’s subscriber stability and churn. Verizon (VZ) Wins an Injunction Prohibiting T-Mobile’s Ad Campaign Promising Significant Savings
• Neutral Sentiment: Market move: recent sessions showed a modest uptick in VZ shares as broader markets dipped — short-term price action rather than new fundamentals. Verizon Communications (VZ) Rises As Market Takes a Dip: Key Facts
• Neutral Sentiment: Income narrative remains a driver for investors: articles highlight Verizon’s steady ~4%+ yield and option/dividend strategies for cash generation — supports interest from income-focused holders but doesn’t move fundamentals. AT&T vs. Verizon vs. T-Mobile: Why This 4.4% Yield Is the Steadiest Bet in Telecom.
• Negative Sentiment: Near-term risk: investors are cautious ahead of Verizon’s Q1 earnings (reporting next week); analysts cite the Frontier deal integration, fiber capex needs, and intense wireless competition as headwinds that could limit upside. Verizon to Report Q1 Earnings: How to Approach the Stock Now?

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank raised Verizon Communications from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $50.25 to $54.50 in a report on Monday, March 9th. Morgan Stanley assumed coverage on shares of Verizon Communications in a research report on Thursday, April 16th. They issued an "equal weight" rating and a $49.00 price target on the stock. Citigroup lifted their price target on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of Verizon Communications from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 3rd. Finally, Dbs Bank lowered shares of Verizon Communications from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.56.

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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