Everest Financial Group LLC Takes $1.05 Million Position in Verizon Communications Inc. $VZ

Posted by Brenda Bartman on Jul 26th, 2026

Verizon Communications logo Everest Financial Group LLC purchased a new stake in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,967 shares of the cell phone carrier’s stock, valued at approximately $1,053,000.

A number of other institutional investors also recently bought and sold shares of the stock. RKL Wealth Management LLC increased its position in Verizon Communications by 4.3% during the first quarter. RKL Wealth Management LLC now owns 5,338 shares of the cell phone carrier’s stock valued at $268,000 after acquiring an additional 218 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Verizon Communications by 8.6% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier’s stock worth $113,000 after acquiring an additional 219 shares during the last quarter. Frazier Financial Advisors LLC lifted its holdings in shares of Verizon Communications by 32.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 888 shares of the cell phone carrier’s stock worth $45,000 after acquiring an additional 219 shares during the last quarter. Sumitomo Life Insurance Co. boosted its stake in shares of Verizon Communications by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier’s stock worth $1,426,000 after purchasing an additional 227 shares during the period. Finally, Blake Schutter Theil Wealth Advisors LLC boosted its stake in shares of Verizon Communications by 3.8% during the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock worth $257,000 after purchasing an additional 233 shares during the period. 62.06% of the stock is currently owned by institutional investors.

Verizon Communications Trading Up 5.7%

NYSE VZ opened at $46.34 on Friday. The stock has a market cap of $193.47 billion, a PE ratio of 12.07, a PEG ratio of 1.14 and a beta of 0.26. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The company’s 50-day moving average price is $45.39 and its 200-day moving average price is $46.20. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.

Verizon Communications (NYSE:VZ – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company had revenue of $34.25 billion during the quarter, compared to analyst estimates of $35.16 billion. During the same quarter last year, the business posted $1.22 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Equities research analysts forecast that Verizon Communications Inc. will post 5 earnings per share for the current year.

Verizon Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Friday, July 10th will be given a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.1%. Verizon Communications’s dividend payout ratio (DPR) is 69.02%.

Analysts Set New Price Targets

Several brokerages recently commented on VZ. Wells Fargo & Company started coverage on shares of Verizon Communications in a report on Wednesday, July 8th. They set an “equal weight” rating and a $43.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Dbs Bank cut Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Morgan Stanley increased their price target on Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Finally, Scotiabank decreased their price target on Verizon Communications from $54.50 to $51.50 and set a “sector outperform” rating for the company in a research note on Wednesday, July 15th. Nine investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.03.

Get Our Latest Stock Analysis on VZ

Key Headlines Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

Positive Sentiment: Verizon beat Q2 adjusted EPS estimates at $1.30 versus $1.27 expected, helped by record EBITDA margins and stronger cash generation. Verizon earnings report
Positive Sentiment: The company raised its full-year 2026 guidance for adjusted EPS, mobility and broadband service revenue, and free cash flow, signaling management confidence in the outlook. Reuters guidance article
Positive Sentiment: Verizon posted better-than-expected subscriber momentum, including 184,000 postpaid phone additions and more than 550,000 total mobility and broadband net adds, showing the core business is improving. Verizon press release
Positive Sentiment: Free cash flow rose 24.4% and Verizon expanded its full-year buyback target to as much as $4.5 billion, both supportive of shareholder returns. Verizon press release
Positive Sentiment: Verizon also announced a more than $1 billion dark fiber deal with Google for AI data centers, suggesting potential upside from infrastructure demand and additional AI-related contracts. Reuters Google deal article
Neutral Sentiment: Revenue came in below Wall Street expectations and was slightly lower year over year, so top-line pressure is still a concern. Verizon earnings report
Neutral Sentiment: Options activity was unusually heavy, with traders buying more call options than normal, which may reflect speculative bullish positioning rather than fundamental news. GuruFocus earnings call highlights

About Verizon Communications

(Free Report)

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.