Rep. Robert Bresnahan, Jr. Buys Verizon Communications Inc. (NYSE:VZ) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Verizon Communications Inc. NYSE: VZ. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Verizon Communications stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Verizon Communications Stock Down 0.5%

Shares of VZ traded down $0.20 during midday trading on Tuesday, reaching $42.81. The stock had a trading volume of 3,613,246 shares, compared to its average volume of 20,098,300. The company's fifty day simple moving average is $43.74 and its two-hundred day simple moving average is $41.99. The company has a market cap of $180.48 billion, a price-to-earnings ratio of 10.34, a PEG 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 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 released its quarterly earnings data on Tuesday, April 22nd. The cell phone carrier reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.04. Verizon Communications had a net margin of 12.99% and a return on equity of 19.80%. The company had revenue of $33.50 billion for the quarter, compared to analysts' expectations of $33.31 billion. Equities research analysts expect that Verizon Communications Inc. will post 4.69 earnings per share for the current year.

Verizon Communications Dividend Announcement

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 was Thursday, April 10th. This represents a $2.71 dividend on an annualized basis and a yield of 6.33%. Verizon Communications's dividend payout ratio is currently 64.52%.

Insiders Place Their Bets

In other Verizon Communications news, CEO Kyle Malady sold 9,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $44.10, for a total value of $396,900.00. Following the transaction, the chief executive officer now owns 10,008 shares of the company's stock, valued at $441,352.80. This trade represents a 47.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Vandana Venkatesh sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $43.79, for a total value of $437,900.00. Following the transaction, the executive vice president now directly owns 14,459 shares of the company's stock, valued at $633,159.61. This trade represents a 40.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,500 shares of company stock valued at $1,376,300 over the last 90 days. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bernard Wealth Management Corp. grew its stake in Verizon Communications by 81.0% in the first quarter. Bernard Wealth Management Corp. now owns 543 shares of the cell phone carrier's stock worth $25,000 after purchasing an additional 243 shares in the last quarter. Garde Capital Inc. bought a new stake in shares of Verizon Communications in the 1st quarter valued at approximately $26,000. Cherry Tree Wealth Management LLC raised its position in shares of 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 acquiring an additional 244 shares in the last quarter. Accent Capital Management LLC acquired a new stake in shares of Verizon Communications during the 1st quarter valued at approximately $30,000. Finally, Mainstream Capital Management LLC bought a new position in Verizon Communications during the fourth quarter worth $28,000. Institutional investors and hedge funds own 62.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on VZ shares. Wolfe Research downgraded Verizon Communications from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, March 12th. Tigress Financial raised their price target on Verizon Communications from $55.00 to $56.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Argus upgraded Verizon Communications to a "strong-buy" rating in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Verizon Communications from $40.00 to $42.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Finally, DZ Bank upgraded Verizon Communications from a "hold" rating to a "buy" rating and set a $40.00 price target for the company in a report on Wednesday, January 29th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.41.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Verizon Communications

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).