Securian Asset Management Inc. trimmed its position in Verizon Communications Inc. (NYSE:VZ – Free Report) by 43.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 114,652 shares of the cell phone carrier’s stock after selling 88,972 shares during the period. Securian Asset Management Inc.’s holdings in Verizon Communications were worth $4,670,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake 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 purchasing an additional 5,497,598 shares in the last quarter. State Street Corp raised its stake in shares of 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 purchasing an additional 7,276,809 shares in the last quarter. Northern Trust Corp raised its stake in shares of Verizon Communications by 1.2% in the third quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock valued at $1,989,427,000 after purchasing an additional 557,576 shares in the last quarter. Legal & General Group Plc raised its stake in Verizon Communications by 4.5% during the third quarter. Legal & General Group Plc now owns 28,188,066 shares of the cell phone carrier’s stock worth $1,238,866,000 after acquiring an additional 1,203,445 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Verizon Communications by 2.9% during the third quarter. Invesco Ltd. now owns 22,592,460 shares of the cell phone carrier’s stock worth $992,939,000 after acquiring an additional 646,537 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors and hedge funds.
Verizon Communications News Summary
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon will have CEO Dan Schulman speak at two upcoming investor conferences, giving management a chance to outline strategy, answer questions on the business outlook, and potentially reinforce confidence in the company’s execution. Verizon to Speak at Upcoming Investor Conferences
- Positive Sentiment: Erste Group raised its FY2026 EPS estimate for Verizon to $4.96 from $4.92, signaling slightly better earnings expectations and suggesting analysts see stable fundamentals ahead. Verizon Communications (VZ) Surged from Excellent Execution
- Positive Sentiment: Verizon’s broader fiber expansion and buyback plans continue to support the investment case, as the company now has a larger fiber footprint and a $25 billion repurchase authorization that can help offset share dilution and support per-share metrics. Verizon Weighs Frontier Fiber Expansion Against Buybacks And Cost Cuts
- Neutral Sentiment: Verizon also confirmed a few hundred job cuts as part of an ongoing operational revamp. The move supports cost discipline, but it is not large enough on its own to materially change the near-term earnings outlook. Verizon cutting a few hundred jobs nationwide
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Verizon Communications
Insider Activity
In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the transaction, the senior vice president owned 43,782 shares in the company, valued at $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hans Erik Vestberg sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were 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 in the company, valued at approximately $7,196,873.09. This represents a 57.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.03% of the stock is owned by company insiders.
Verizon Communications Price Performance
Verizon Communications stock opened at $47.21 on Monday. The business’s 50-day simple moving average is $48.81 and its 200 day simple moving average is $44.20. The stock has a market cap of $197.12 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.99 and a beta of 0.24. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38.
Verizon Communications (NYSE:VZ – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The business had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business 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 earnings per share for the current year.
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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