Verizon Communications Inc. $VZ Holdings Decreased by Heritage Investors Management Corp

Posted by Brenda Bartman on Nov 2nd, 2026

Verizon Communications logo Heritage Investors Management Corp trimmed its stake in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 4.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 353,480 shares of the cell phone carrier’s stock after selling 15,877 shares during the quarter. Heritage Investors Management Corp’s holdings in Verizon Communications were worth $16,214,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Verizon Communications by 15.4% during the first quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier’s stock valued at $3,117,471,000 after buying an additional 8,289,877 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Verizon Communications by 20.8% in the first quarter. Bank of New York Mellon Corp now owns 38,164,982 shares of the cell phone carrier’s stock valued at $1,915,882,000 after acquiring an additional 6,580,820 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Verizon Communications in the third quarter valued at approximately $239,584,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Verizon Communications by 14.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,173,226 shares of the cell phone carrier’s stock valued at $1,743,274,000 after acquiring an additional 5,075,794 shares during the period. Finally, Jupiter Topco LLC purchased a new position in Verizon Communications during the second quarter valued at approximately $184,260,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Insider Activity at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of the firm’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $43.00, for a total transaction of $47,300.00. Following the sale, the chief executive officer owned 98,866 shares in the company, valued at approximately $4,251,238. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 11,000 shares of company stock valued at $516,373. 0.03% of the stock is owned by corporate insiders.

Key Stories Impacting Verizon Communications

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

Positive Sentiment: Better earnings and higher guidance: Verizon reported quarterly adjusted EPS of $1.31, above the $1.27 consensus estimate, while revenue rose 1.5% year over year. Growth in postpaid phone additions and broadband, lower promotional spending and margin expansion helped support an increase to the company’s 2026 outlook. Verizon raises 2026 guidance
Positive Sentiment: Income appeal remains strong: Verizon’s dividend yield is above 6%, the company has raised its payout for 20 consecutive years, and dividends consumed approximately 49% of recent free cash flow. This supports the view that the payout is financially sustainable despite Verizon’s substantial debt load. Verizon dividend analysis
Positive Sentiment: Analyst upgrade and supplier investment: Freedom Broker upgraded VZ from “hold” to “buy” and raised its price target to $55. Separately, Verizon announced a $5 billion, five-year commitment to U.S. small-business suppliers, which could strengthen procurement relationships and support its network expansion ecosystem. Freedom Broker upgrade
Neutral Sentiment: SpaceX competition remains a long-term issue: Verizon CEO Dan Schulman said a fully competitive SpaceX wireless network could take years and require enormous investment. Verizon remains open to a Starlink partnership, but not one that would enable direct competition through Verizon’s infrastructure. Verizon CEO on Starlink partnership
Negative Sentiment: Countervailing concerns: Several firms, including Barclays, Daiwa, Goldman Sachs and TD Cowen, lowered their price targets. Investors are also watching reports of declining phone upgrades, while CEO Kyle Malady’s recurring Rule 10b5-1 stock sales may weigh modestly on sentiment. Verizon phone upgrade trend

Wall Street Analyst Weigh In

VZ has been the topic of a number of analyst reports. Freedom Broker raised shares of Verizon Communications from a “hold” rating to a “buy” rating and upped their target price for the stock from $53.00 to $55.00 in a report on Wednesday, October 28th. Moffett Nathanson raised their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, September 22nd. The Goldman Sachs Group reduced their price target on shares of Verizon Communications from $51.00 to $47.00 in a research report on Tuesday, October 27th. Citigroup decreased their price target on shares of Verizon Communications from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Finally, Wells Fargo & Company increased their price objective on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Thirteen investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.05.

Get Our Latest Research Report on VZ

Verizon Communications Stock Up 0.2%

Shares of NYSE VZ opened at $44.81 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.58 and a debt-to-equity ratio of 1.33. The business has a 50-day moving average of $47.04 and a 200-day moving average of $46.73. The firm has a market capitalization of $186.18 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.81 and a beta of 0.26. Verizon Communications Inc. has a 12 month low of $38.68 and a 12 month high of $51.68.

Verizon Communications (NYSE:VZ – Get Free Report) last announced its earnings results on Monday, October 26th. The cell phone carrier reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Verizon Communications had a net margin of 11.78% and a return on equity of 19.75%. The business had revenue of $34.31 billion for the quarter, compared to the consensus estimate of $34.77 billion. During the same period last year, the firm posted $1.21 earnings per share. Verizon Communications’s quarterly revenue was up 1.5% on a year-over-year basis. Sell-side analysts expect that Verizon Communications Inc. will post 5.08 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 9th will be issued a $0.7075 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.3%. Verizon Communications’s dividend payout ratio is presently 72.19%.

Verizon Communications Profile

(Free Report)

Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and digital connectivity services. Through its consumer business, Verizon offers mobile voice and data plans, smartphones and other connected devices, home internet, fixed wireless access, and fiber-optic broadband services under the Fios brand.

Verizon also serves businesses, government agencies, and other organizations with wireless connectivity, private networks, internet and data services, managed communications, cloud and security solutions, and Internet of Things services.