HBK Sorce Advisory LLC cut its position in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 36.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,481 shares of the cell phone carrier’s stock after selling 59,982 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Verizon Communications were worth $4,296,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Strengthening Families & Communities LLC boosted its holdings in Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after acquiring an additional 539 shares during the period. Holos Integrated Wealth LLC purchased a new stake in Verizon Communications during the 4th quarter valued at about $28,000. Foster Dykema Cabot & Partners LLC purchased a new stake in Verizon Communications during the 3rd quarter valued at about $29,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications during the 4th quarter valued at about $29,000. Finally, Daytona Street Capital LLC purchased a new stake in Verizon Communications during the 4th quarter valued at about $33,000. 62.06% of the stock is currently owned by institutional investors.
Insider Activity at Verizon Communications
In other news, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. This represents a 57.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction that occurred 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 transaction, the senior vice president directly owned 43,782 shares of the company’s stock, valued at $2,189,100. This represents a 16.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is currently owned by corporate insiders.
Verizon Communications Stock Up 0.2%
Verizon Communications (NYSE:VZ – Get Free Report) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. During the same quarter in the prior year, the company earned $1.19 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities research analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on VZ shares. Citigroup increased their target price on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 20th. Barclays increased their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. KeyCorp restated a “sector weight” rating on shares of Verizon Communications in a report on Monday, January 26th. Wells Fargo & Company increased their target price on Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Oppenheimer increased their price objective on Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.
Get Our Latest Stock Report on VZ
Key Verizon Communications News
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon is part of a proposed joint venture with AT&T and T-Mobile to eliminate mobile dead zones, a move that could strengthen coverage in underserved areas and support long-term wireless demand. Verizon (VZ), AT&T, and T-Mobile Form A Joint Venture to End Mobile Dead Zones Across the US
- Positive Sentiment: Verizon’s annual meeting results showed shareholders backed all nine director nominees and approved key management proposals, suggesting continued investor confidence in the company’s direction and governance. Verizon Announces Preliminary Shareholder Voting Results from 2026 Annual Meeting
- Positive Sentiment: Verizon was named California SBDC’s Corporate Small Business Champion of the Year, reinforcing its brand and relationships with small business customers, a valuable segment for wireless and connectivity services. California SBDC Names Verizon Corporate Small Business Champion of the Year
- Positive Sentiment: Recent commentary highlighting Verizon’s dividend strength and earnings momentum may be helping sentiment, with investors viewing VZ as a defensive income stock that can keep paying down debt and potentially repurchase shares. Verizon: A Bright Future With Growing Dividends
- Neutral Sentiment: Verizon’s new Motorola razr 2026 promotion and FIFA World Cup ticket giveaway are marketing initiatives that could support customer engagement, but they are not likely to move the stock on their own. The iconic flip meets incredible value: The new motorola razr 2026 joins Verizon’s lineup Verizon announces a massive ticket drop for FIFA World Cup 2026™
- Neutral Sentiment: Several third-party articles frame Verizon as an undervalued or top-ranked stock, which may reinforce bullish sentiment, but these are opinion pieces rather than direct business catalysts. Verizon Communications (VZ) is a Top-Ranked Momentum Stock: Should You Buy?
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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