Rep. Gilbert Ray Cisneros, Jr. Buys Verizon Communications Inc. (NYSE:VZ) Stock

Key Points

• Rep. Gilbert Ray Cisneros, Jr. disclosed a purchase of Verizon Communications stock worth between $1,001 and $15,000 on April 14, according to a filing released May 8.
• Verizon recently reported Q1 earnings of $1.28 per share, beating estimates, while revenue came in at $34.44 billion, slightly below analyst expectations. The company also reaffirmed full-year 2026 EPS guidance of 4.950 to 4.990.
• Wall Street remains cautiously positive on Verizon, with analysts assigning a Moderate Buy consensus and a price target of about $50.59. Institutional investors continue to hold a large stake, owning roughly 62% of the company.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Verizon Communications Inc. (NYSE:VZ). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Verizon Communications stock on April 14th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Revvity NYSE: RVTY on 5/1/2026.
• Sold $1,001 - $15,000 in shares of Flex NASDAQ: FLEX on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of LPL Financial NASDAQ: LPLA on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of FirstService NASDAQ: FSV on 5/1/2026.
• Sold $1,001 - $15,000 in shares of SS&C Technologies NASDAQ: SSNC on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Wayfair NYSE: W on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of STERIS NYSE: STE on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Sensata Technologies NYSE: ST on 5/1/2026.
• Purchased $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 5/1/2026.

Verizon Communications Trading Up 0.1%

Shares of NYSE VZ opened at $47.29 on Tuesday. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The business's 50 day moving average is $48.73 and its two-hundred day moving average is $44.29. The stock has a market capitalization of $197.45 billion, a P/E ratio of 11.53, a PEG ratio of 0.99 and a beta of 0.24.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The business had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, research analysts expect that Verizon Communications Inc. will post 4.96 EPS for the current year.

Institutional Trading of Verizon Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Verizon Communications in the 4th quarter valued at about $2,357,158,000. Bank of New York Mellon Corp increased its position in shares of Verizon Communications by 31.2% during the fourth quarter. Bank of New York Mellon Corp now owns 31,584,162 shares of the cell phone carrier's stock worth $1,286,423,000 after acquiring an additional 7,509,055 shares during the period. State Street Corp raised its stake in shares of Verizon Communications by 3.5% during the fourth quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier's stock valued at $9,080,810,000 after acquiring an additional 7,461,335 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Verizon Communications by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier's stock valued at $4,747,930,000 after acquiring an additional 5,851,715 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Verizon Communications by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier's stock valued at $15,453,058,000 after purchasing an additional 5,497,598 shares during the period. Hedge funds and other institutional investors own 62.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. KeyCorp restated a "sector weight" rating on shares of Verizon Communications in a research report on Monday, January 26th. William Blair raised shares of Verizon Communications to an "outperform" rating in a research note on Monday, February 2nd. Evercore raised their target price on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an "outperform" rating in a report on Monday, February 2nd. Morgan Stanley lifted their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 28th. Finally, Dbs Bank downgraded shares of Verizon Communications from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.59.

Insider Activity at Verizon Communications

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president directly owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the transaction, the director directly owned 145,069 shares in the company, valued at $7,196,873.09. The trade was a 57.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is owned by corporate insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Verizon Communications Company 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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