Rep. Dan Newhouse Sells Off Shares of Verizon Communications Inc. (NYSE:VZ)

Representative Dan Newhouse (R-Washington) recently sold shares of Verizon Communications Inc. NYSE: VZ. In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in Verizon Communications stock on April 11th.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 4/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Moody's NYSE: MCO on 4/11/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Dollar General NYSE: DG on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/11/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.

Verizon Communications Stock Up 0.4%

NYSE:VZ traded up $0.18 during mid-day trading on Tuesday, reaching $43.50. The stock had a trading volume of 12,862,291 shares, compared to its average volume of 20,187,579. The company has a market capitalization of $183.41 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. Verizon Communications Inc. has a 1-year low of $37.59 and a 1-year high of $47.36. The stock's 50 day simple moving average is $43.59 and its two-hundred day simple moving average is $42.15. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.63 and a quick ratio of 0.59.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The cell phone carrier reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.04. Verizon Communications had a return on equity of 19.80% and a net margin of 12.99%. The company had revenue of $33.50 billion during the quarter, compared to the consensus estimate of $33.31 billion. Equities analysts anticipate that Verizon Communications Inc. will post 4.69 EPS for the current year.

Verizon Communications Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were paid a $0.6775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.71 dividend on an annualized basis and a yield of 6.23%. Verizon Communications's dividend payout ratio (DPR) is 64.52%.

Insider Buying and Selling at Verizon Communications

In other news, CEO Kyle Malady sold 5,000 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $42.48, for a total transaction of $212,400.00. Following the transaction, the chief executive officer now directly owns 36,508 shares in the company, valued at $1,550,859.84. The trade was a 12.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 21,500 shares of company stock valued at $938,400 in the last three months. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sargent Investment Group LLC raised its stake in Verizon Communications by 3.3% during the 1st quarter. Sargent Investment Group LLC now owns 7,125 shares of the cell phone carrier's stock valued at $323,000 after purchasing an additional 230 shares during the period. Crescent Sterling Ltd. raised its stake in Verizon Communications by 0.8% during the 1st quarter. Crescent Sterling Ltd. now owns 30,906 shares of the cell phone carrier's stock valued at $1,402,000 after purchasing an additional 235 shares during the period. Providence Capital Advisors LLC raised its stake in Verizon Communications by 0.3% during the 1st quarter. Providence Capital Advisors LLC now owns 80,178 shares of the cell phone carrier's stock valued at $3,637,000 after purchasing an additional 240 shares during the period. Bernard Wealth Management Corp. raised its stake in Verizon Communications by 81.0% during the 1st quarter. Bernard Wealth Management Corp. now owns 543 shares of the cell phone carrier's stock valued at $25,000 after purchasing an additional 243 shares during the period. Finally, Cherry Tree Wealth Management LLC raised its stake in Verizon Communications by 71.8% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 584 shares of the cell phone carrier's stock valued at $26,000 after purchasing an additional 244 shares during the period. Institutional investors own 62.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wolfe Research downgraded Verizon Communications from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, March 12th. Evercore ISI upgraded Verizon Communications from an "in-line" rating to an "outperform" rating and set a $48.00 target price for the company in a research note on Friday, April 11th. Argus raised Verizon Communications to a "strong-buy" rating in a report on Monday, January 27th. Tigress Financial lifted their price target on Verizon Communications from $55.00 to $56.00 and gave the company a "buy" rating in a report on Monday, April 28th. Finally, Scotiabank lifted their price target on Verizon Communications from $48.50 to $49.00 and gave the company a "sector perform" rating in a report on Wednesday, April 23rd. Nine research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $47.41.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).