Palouse Capital Management Inc. Sells 14,307 Shares of Verizon Communications Inc. $VZ

Posted by Stanley Muller on Aug 7th, 2026

Verizon Communications logo Palouse Capital Management Inc. lowered its stake in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 25.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 41,028 shares of the cell phone carrier’s stock after selling 14,307 shares during the quarter. Palouse Capital Management Inc.’s holdings in Verizon Communications were worth $1,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Cooper Financial Group raised its holdings in shares of Verizon Communications by 6.0% in the 2nd quarter. Cooper Financial Group now owns 11,235 shares of the cell phone carrier’s stock worth $476,000 after purchasing an additional 639 shares during the period. Elmwood Wealth Management Inc. grew its holdings in Verizon Communications by 23.3% during the second quarter. Elmwood Wealth Management Inc. now owns 6,742 shares of the cell phone carrier’s stock valued at $285,000 after purchasing an additional 1,274 shares during the period. Czech National Bank increased its position in Verizon Communications by 3.5% in the second quarter. Czech National Bank now owns 1,188,524 shares of the cell phone carrier’s stock worth $50,322,000 after buying an additional 40,042 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab increased its position in Verizon Communications by 7.4% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 757,212 shares of the cell phone carrier’s stock worth $32,060,000 after buying an additional 52,045 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Verizon Communications by 76.2% in the second quarter. Assenagon Asset Management S.A. now owns 2,154,202 shares of the cell phone carrier’s stock valued at $91,209,000 after buying an additional 931,588 shares during the period. Institutional investors own 62.06% of the company’s stock.

Verizon Communications Trading Up 0.9%

Shares of VZ stock opened at $46.89 on Friday. The company’s fifty day simple moving average is $45.20 and its two-hundred day simple moving average is $46.70. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The stock has a market capitalization of $194.80 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.29 and a beta of 0.25.

Verizon Communications (NYSE:VZ – Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The cell phone carrier reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The firm had revenue of $34.25 billion during the quarter, compared to analyst estimates of $35.16 billion. During the same period last year, the company earned $1.22 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, analysts anticipate that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were issued a dividend of $0.7075 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.0%. Verizon Communications’s dividend payout ratio is 73.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Cowen upped their price target on Verizon Communications from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Freedom Capital raised Verizon Communications to a “hold” rating in a report on Friday, June 12th. Royal Bank Of Canada boosted their price objective on Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Finally, Wells Fargo & Company increased their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Verizon Communications presently has a consensus rating of “Hold” and an average target price of $50.84.

View Our Latest Research Report on Verizon Communications

Verizon Communications Profile

(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.