Rep. Kelly Morrison Sells Verizon Communications Inc. (NYSE:VZ) Stock

Key Points

• Representative Kelly Morrison sold between $1,001 and $15,000 in shares of Verizon Communications Inc. (NYSE:VZ) on August 19th, as disclosed on September 11th.
• Verizon recently announced a quarterly dividend of $0.69 per share, representing a boost from the previous dividend and yielding around 6.3%.
• The company's recent earnings report showed a 5.2% revenue increase year-over-year, with earnings per share of $1.22, exceeding analysts' estimates.

Representative Kelly Morrison (D-Minnesota) recently sold shares of Verizon Communications Inc. NYSE: VZ. In a filing disclosed on September 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Verizon Communications stock on August 19th. The trade occurred in the Representative's "TRUST 2" account.

Representative Kelly Morrison also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 8/19/2025.
• Sold $15,001 - $50,000 in shares of Accenture NYSE: ACN on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 8/19/2025.
• Sold $15,001 - $50,000 in shares of Thermo Fisher Scientific NYSE: TMO on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Thermo Fisher Scientific NYSE: TMO on 8/19/2025.

Verizon Communications Trading Down 0.3%

NYSE:VZ traded down $0.15 during mid-day trading on Friday, hitting $43.99. 13,722,017 shares of the company's stock were exchanged, compared to its average volume of 16,345,346. The firm has a market capitalization of $185.48 billion, a P/E ratio of 10.25, a PEG ratio of 3.40 and a beta of 0.36. Verizon Communications Inc. has a fifty-two week low of $37.58 and a fifty-two week high of $47.35. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 1.19. The company has a 50 day simple moving average of $43.22 and a 200-day simple moving average of $43.38.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The cell phone carrier reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The firm had revenue of $34.50 billion for the quarter, compared to the consensus estimate of $33.47 billion. Verizon Communications had a net margin of 13.28% and a return on equity of 19.61%. The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 EPS. Verizon Communications has set its FY 2025 guidance at 4.636-4.728 EPS. As a group, research analysts expect that Verizon Communications Inc. will post 4.69 earnings per share for the current year.

Verizon Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 10th will be given a dividend of $0.69 per share. The ex-dividend date is Friday, October 10th. This represents a $2.76 annualized dividend and a yield of 6.3%. This is a boost from Verizon Communications's previous quarterly dividend of $0.68. Verizon Communications's dividend payout ratio is 63.17%.

Institutional Trading of Verizon Communications

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Verizon Communications by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 372,787,016 shares of the cell phone carrier's stock worth $16,130,494,000 after acquiring an additional 4,615,075 shares in the last quarter. State Street Corp grew its position in Verizon Communications by 2.1% during the second quarter. State Street Corp now owns 208,213,255 shares of the cell phone carrier's stock valued at $9,009,388,000 after buying an additional 4,205,449 shares during the period. Charles Schwab Investment Management Inc. grew its position in Verizon Communications by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 109,866,405 shares of the cell phone carrier's stock valued at $4,983,225,000 after buying an additional 1,172,175 shares during the period. Geode Capital Management LLC lifted its holdings in Verizon Communications by 1.1% during the second quarter. Geode Capital Management LLC now owns 100,326,792 shares of the cell phone carrier's stock valued at $4,322,700,000 after purchasing an additional 1,101,504 shares during the last quarter. Finally, Norges Bank purchased a new stake in Verizon Communications during the second quarter valued at about $2,504,150,000. Institutional investors own 62.06% of the company's stock.

Analysts Set New Price Targets

VZ has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Verizon Communications from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Royal Bank Of Canada boosted their price target on shares of Verizon Communications from $45.00 to $46.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group initiated coverage on shares of Verizon Communications in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $49.00 price target on the stock. Morgan Stanley boosted their price target on shares of Verizon Communications from $47.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 22nd. Finally, Arete Research upgraded shares of Verizon Communications to a "strong-buy" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $47.65.

About Representative Morrison

Kelly Morrison (Democratic Party) is a member of the U.S. House, representing Minnesota's 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Morrison (Democratic Party) is running for re-election to the U.S. House to represent Minnesota's 3rd Congressional District. She declared candidacy for the 2026 election. Kelly Morrison was born in Minneapolis, Minnesota, and lives in Deephaven. Morrison earned a B.A. in history from Yale University and an M.D. from Case Western Reserve University. She completed her residency in obstetrics and gynecology at Northwestern University. Morrison's career experience includes working as a physician.

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).

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