Rep. Lisa C. McClain Buys Verizon Communications Inc. (NYSE:VZ) Stock

Key Points

• Representative Lisa C. McClain purchased shares of Verizon Communications Inc. for between $1,001 and $15,000, as disclosed in a filing on August 13th.
• Verizon's stock recently traded at $44.24 and reported better-than-expected earnings of $1.22 EPS for the last quarter, surpassing analysts' estimates.
• The company declared a quarterly dividend of $0.6775 per share, resulting in a yield of 6.1% and a payout ratio of 63.17%.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Verizon Communications Inc. NYSE: VZ. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Verizon Communications stock on June 24th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Verizon Communications Stock Performance

VZ traded up $0.74 during trading on Friday, hitting $44.24. The company's stock had a trading volume of 21,233,741 shares, compared to its average volume of 18,439,254. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 1.19. Verizon Communications Inc. has a one year low of $37.58 and a one year high of $47.35. The firm has a market cap of $186.53 billion, a PE ratio of 10.31, a P/E/G ratio of 3.41 and a beta of 0.36. The business's 50 day simple moving average is $42.68 and its 200-day simple moving average is $42.95.

Verizon Communications (NYSE:VZ - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 earnings per share. As a group, sell-side analysts predict that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Thursday, July 10th were given a $0.6775 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.71 annualized dividend and a yield of 6.1%. Verizon Communications's dividend payout ratio (DPR) is presently 63.17%.

Institutional Investors Weigh In On Verizon Communications

Several institutional investors have recently made changes to their positions in the company. Evergreen Capital Management LLC lifted its holdings in Verizon Communications by 20.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 48,308 shares of the cell phone carrier's stock valued at $2,090,000 after buying an additional 8,253 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Verizon Communications in the 2nd quarter valued at about $323,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Verizon Communications by 2.4% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 5,388,737 shares of the cell phone carrier's stock valued at $233,462,000 after purchasing an additional 128,668 shares in the last quarter. Security National Bank of Sioux City Iowa IA raised its holdings in shares of Verizon Communications by 2.3% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 47,578 shares of the cell phone carrier's stock valued at $2,059,000 after purchasing an additional 1,092 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of Verizon Communications in the 2nd quarter valued at about $539,000. Institutional investors own 62.06% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VZ. Morgan Stanley increased their price objective on shares of Verizon Communications from $47.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 22nd. Bank of America raised their target price on shares of Verizon Communications from $45.00 to $49.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Tigress Financial raised their target price on shares of Verizon Communications from $55.00 to $56.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Arete Research raised shares of Verizon Communications to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Wells Fargo & Company raised their target price on shares of Verizon Communications from $42.00 to $43.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Eleven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.35.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.