Zions Bancorporation National Association UT Sells 61,573 Shares of Verizon Communications Inc. $VZ

Zions Bancorporation National Association UT cut its holdings in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 28.2% in the 4th quarter, Holdings Channel reports. The firm owned 156,904 shares of the cell phone carrier’s stock after selling 61,573 shares during the period. Zions Bancorporation National Association UT’s holdings in Verizon Communications were worth $6,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC lifted its stake in Verizon Communications by 490.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in Verizon Communications during the fourth quarter worth $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in Verizon Communications during the third quarter worth $29,000. EQ Wealth Advisors LLC bought a new stake in Verizon Communications during the fourth quarter worth $29,000. Finally, Sarver Vrooman Wealth Advisors lifted its stake in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after purchasing an additional 448 shares during the last quarter. 62.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VZ shares. Morgan Stanley upped their price target on shares of Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Dbs Bank downgraded shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Barclays upped their price target on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Finally, Oppenheimer upped their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Verizon Communications currently has an average rating of “Moderate Buy” and an average target price of $50.59.

Get Our Latest Stock Report on VZ

More Verizon Communications News

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

• Positive Sentiment: Verizon is being highlighted as a value and income play, with a roughly 6% dividend yield and strong free-cash-flow generation that could appeal to investors in a volatile market. Verizon: A Unique Opportunity In An Expensive Market
• Positive Sentiment: Recent coverage says Verizon raised 2026 guidance and is targeting mid-single-digit EPS growth, with solid postpaid net adds supporting the case for continued business momentum. Verizon: A Unique Opportunity In An Expensive Market
• Positive Sentiment: Analysts and market commentary continue to frame Verizon as a defensive telecom name, which can attract buyers when broader markets look stretched or riskier. Verizon: A Good Defensive Play In Times Of Market Exuberance
• Positive Sentiment: Verizon’s Frontier acquisition is seen as expanding its fiber footprint and improving its competitive position in broadband, cloud, and AI-related connectivity demand. Can Verizon’s Fiber Expansion Strategy Benefit From Rising AI Demand?
• Neutral Sentiment: Erste Group trimmed its FY2027 EPS estimate slightly to $5.24 from $5.25 while keeping a Hold rating, which is a modest caution but not a major negative catalyst. Analyst estimate revision

Verizon Communications Stock Up 2.6%

Shares of NYSE:VZ opened at $46.95 on Thursday. The company has a fifty day moving average of $47.29 and a 200-day moving average of $45.41. The company has a market capitalization of $196.06 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.12 and a beta of 0.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68.

Verizon Communications (NYSE:VZ – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.Verizon Communications’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities analysts predict that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Friday, July 10th. Verizon Communications’s dividend payout ratio is presently 69.02%.

Verizon Communications Company 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.

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