51,091 Shares in Verizon Communications Inc. $VZ Purchased by Leo Wealth LLC

Leo Wealth LLC acquired a new stake in Verizon Communications Inc. (NYSE:VZ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 51,091 shares of the cell phone carrier’s stock, valued at approximately $2,344,000.

Several other hedge funds also recently modified their holdings of the business. Bank of America Corp DE increased its position in 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 worth $3,117,471,000 after acquiring an additional 8,289,877 shares during the period. Bank of New York Mellon Corp raised its stake in Verizon Communications by 20.8% during the 1st 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 purchasing an additional 6,580,820 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Verizon Communications by 14.1% during the 2nd 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 purchasing an additional 5,075,794 shares during the last quarter. Jupiter Topco LLC bought a new stake in Verizon Communications in the 2nd quarter valued at $184,260,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Verizon Communications in the 2nd quarter valued at $132,893,000. 62.06% of the stock is owned by institutional investors.

Verizon Communications Stock Performance

VZ opened at $43.18 on Tuesday. The stock has a market cap of $179.39 billion, a PE ratio of 11.24, a P/E/G ratio of 1.70 and a beta of 0.26. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 1 year low of $38.68 and a 1 year high of $51.68. The stock’s 50 day simple moving average is $47.54 and its 200-day simple moving average is $46.65.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Monday, October 26th. The cell phone carrier reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The company had revenue of $34.31 billion during the quarter, compared to analysts’ expectations of $34.77 billion. During the same quarter in the prior year, the company posted $1.21 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Sell-side analysts forecast that Verizon Communications Inc. will post 5.03 EPS for the current year.

Verizon Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be paid a dividend of $0.7075 per share. The ex-dividend date is Friday, October 9th. This represents a $2.83 dividend on an annualized basis and a yield of 6.6%. Verizon Communications’s dividend payout ratio (DPR) is currently 73.70%.

Analysts Set New Price Targets

Several analysts have issued reports on VZ shares. Scotiabank decreased their price target on shares of Verizon Communications from $51.50 to $50.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 9th. Morgan Stanley upped their price objective on shares of Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a research report on Wednesday, August 26th. Wells Fargo & Company increased their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, July 27th. Finally, TD Cowen lifted their target price on Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.80.

Insiders Place Their Bets

In other news, CEO Kyle Malady sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $44.48, for a total value of $48,928.00. Following the sale, the chief executive officer directly owned 99,966 shares in the company, valued at approximately $4,446,487.68. This represents a 1.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,900 shares of company stock worth $469,073 over the last 90 days. 0.03% of the stock is currently owned by insiders.

Key Headlines Impacting Verizon Communications

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

• Positive Sentiment: Verizon reported third-quarter adjusted earnings of $1.31 per share, above the $1.27 consensus estimate. EBITDA margins improved to 40.2%, while net income increased year over year. Verizon Beats Q3 Earnings Estimates on Strong Margins, Revenues Miss
• Positive Sentiment: Wireless customer trends were notably strong. Verizon added 406,000 postpaid phone subscribers—its best third-quarter result in five years—and 137,000 postpaid accounts. Broadband additions totaled 314,000. Verizon Delivers Another Record-Breaking Quarter
• Positive Sentiment: The company raised its 2026 outlook for adjusted EPS, postpaid phone additions and free cash flow for the third consecutive quarter. Verizon now expects adjusted EPS of approximately $5.04 to $5.06 and free-cash-flow growth approaching 12%. Verizon Raises 2026 Outlook After Strong Postpaid Subscriber Growth
• Positive Sentiment: Verizon signed a more than $2 billion agreement with Amazon Web Services to expand distributed computing and fiber infrastructure supporting AI workloads. The deal provides a new growth avenue beyond the mature wireless business. Verizon Lifts Outlook, Inks Amazon Deal Worth More Than $2 Billion
• Neutral Sentiment: Management said SpaceX’s proposed nationwide wireless service would require extensive land-based infrastructure and years of investment to become competitive, suggesting a longer-term rather than immediate threat. Verizon Says SpaceX Will Need Years and Major Investment
• Negative Sentiment: Revenue rose only 1.5% to $34.31 billion, missing analysts’ $34.77 billion estimate. The miss—along with reports of lower phone upgrades—overshadowed the earnings beat and raised concerns about limited top-line growth in Verizon’s mature market. Verizon Stock Falls on Revenue Miss Amid Lower Phone Upgrades
• Negative Sentiment: Investors also remain cautious about potential disruption from SpaceX’s planned mobile network, which could increase pricing pressure and customer-acquisition costs across the wireless industry.

Verizon Communications Company Profile

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.