WCG Wealth Advisors LLC raised its position in Verizon Communications Inc. (NYSE:VZ – Free Report) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,792 shares of the cell phone carrier’s stock after purchasing an additional 22,793 shares during the period. WCG Wealth Advisors LLC’s holdings in Verizon Communications were worth $3,209,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Verizon Communications in the 4th quarter valued at approximately $2,357,158,000. Bank of New York Mellon Corp lifted its stake in Verizon Communications by 31.2% in the fourth quarter. Bank of New York Mellon Corp now owns 31,584,162 shares of the cell phone carrier’s stock valued at $1,286,423,000 after buying an additional 7,509,055 shares in the last quarter. State Street Corp lifted its stake in Verizon Communications by 3.5% in the third quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock valued at $9,470,788,000 after buying an additional 7,276,809 shares in the last quarter. 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 buying an additional 5,497,598 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Verizon Communications in the fourth quarter valued at approximately $217,125,000. 62.06% of the stock is owned by institutional investors.
Verizon Communications News Roundup
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon declared its regular quarterly dividend of $0.7075 per share, unchanged from the prior quarter, which reinforces the company’s appeal to income-focused investors. Verizon declares quarterly dividend on June 4, 2026
- Neutral Sentiment: Verizon reported the results of its 2026 annual shareholder meeting, where shareholders elected all nine director nominees. This is routine governance news and does not appear to materially change the investment outlook. Verizon Communications (VZ) Announced Results for Annual 2026 Shareholder Meeting
- Negative Sentiment: The U.S. Supreme Court backed the FCC’s fine-collection process in a case involving Verizon and AT&T, removing a legal challenge that wireless carriers had hoped might limit regulatory penalties. Investors may view this as a modest negative for carrier risk exposure. US Supreme Court backs FCC in clash with wireless carriers over fines
- Negative Sentiment: Recent market coverage also highlighted Verizon’s weaker trading session versus the broader market, and another report noted operational friction from a strict in-store policy that could frustrate customers. Together, these items point to short-term sentiment pressure on the stock. Why Verizon Communications (VZ) Dipped More Than Broader Market Today
Wall Street Analyst Weigh In
Get Our Latest Stock Report on VZ
Verizon Communications Stock Down 3.8%
VZ stock opened at $44.87 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The business’s 50 day simple moving average is $47.64 and its 200 day simple moving average is $45.27. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The firm has a market capitalization of $187.37 billion, a PE ratio of 10.94, a PEG ratio of 1.11 and a beta of 0.24.
Verizon Communications (NYSE:VZ – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion for the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, research analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current year.
Verizon Communications Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.7075 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a yield of 6.3%. Verizon Communications’s payout ratio is 69.02%.
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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