Intrust Bank NA Cuts Position in Verizon Communications Inc. $VZ

Intrust Bank NA lessened its holdings in Verizon Communications Inc. (NYSE:VZ) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,424 shares of the cell phone carrier’s stock after selling 10,649 shares during the period. Intrust Bank NA’s holdings in Verizon Communications were worth $2,502,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strengthening Families & Communities LLC boosted its stake in shares of Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 539 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of Verizon Communications in the 4th quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC purchased a new position in shares of Verizon Communications in the 3rd quarter worth approximately $29,000. EQ Wealth Advisors LLC purchased a new position in shares of Verizon Communications in the 4th quarter worth approximately $29,000. Finally, Daytona Street Capital LLC purchased a new position in shares of Verizon Communications in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

VZ has been the topic of a number of research analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $48.00 target price on shares of Verizon Communications in a research note on Monday, February 2nd. Barclays upped their price objective on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Citigroup upped their price objective on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Finally, William Blair upgraded Verizon Communications to an “outperform” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Verizon Communications currently has an average rating of “Moderate Buy” and a consensus target price of $50.59.

Verizon Communications News Roundup

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

• Positive Sentiment: Verizon said it added postpaid phone customers for the first time since 2013, while broadband growth and the Frontier deal are helping retention and supporting the consumer segment. VZ Gains From Solid Traction in the Consumer Segment: Will it Sustain?
• Positive Sentiment: Verizon is being highlighted as an attractive undervalued dividend stock, reinforcing its appeal for income-oriented investors. Is Verizon Communications (VZ) One of the Top 12 Undervalued Dividend Stocks to Buy Now?
• Positive Sentiment: The FCC approved Verizon’s spectrum-related move, and the company is also part of a new satellite-based mobile coverage initiative that could help reduce dead zones and improve network reach over time. T-Mobile US Joins Rivals On Satellite Push To Extend Coverage Story
• Neutral Sentiment: Verizon’s annual Data Breach Investigations Report drew broad media attention, but it is mainly a research publication and not a direct business catalyst for the stock. AI-related data breaches surpass stolen credentials in cyber incidents, Verizon report says
• Neutral Sentiment: Comparisons with AT&T and valuation-focused commentary are keeping Verizon in the spotlight, but these pieces mostly reinforce the company’s steady revenue profile rather than adding a new fundamental catalyst. AT&T vs Verizon. One of These Telecoms Has Raised Its Dividend 20 Straight Times and the Market Is Finally Noticing
• Negative Sentiment: Some market commentary continues to flag Verizon as a potentially risky Dow stock, reflecting lingering concerns about growth and the telecom sector’s maturity. 3 Dow Jones Stocks We Find Risky

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the sale, the director owned 145,069 shares in the company, valued at $7,196,873.09. This represents a 57.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the sale, the senior vice president owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications Price Performance

Verizon Communications stock opened at $47.77 on Wednesday. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38. The business’s 50 day simple moving average is $48.31 and its 200 day simple moving average is $44.62. The company has a market cap of $199.45 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.98 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The business had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. Verizon Communications’s revenue for the quarter was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Sell-side analysts forecast that Verizon Communications Inc. will post 4.96 EPS for the current year.

Verizon Communications 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.