NewEdge Wealth LLC Reduces Stock Position in Verizon Communications Inc. $VZ

NewEdge Wealth LLC cut its stake in Verizon Communications Inc. (NYSE:VZ) by 19.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,700 shares of the cell phone carrier’s stock after selling 26,488 shares during the quarter. NewEdge Wealth LLC’s holdings in Verizon Communications were worth $5,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in Verizon Communications by 61.2% in the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after acquiring an additional 16,704 shares during the period. United Bank grew its stake in shares of Verizon Communications by 11.5% during the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after purchasing an additional 806 shares during the period. Jump Financial LLC grew its stake in shares of Verizon Communications by 312.0% during the 2nd quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock valued at $1,023,000 after purchasing an additional 17,901 shares during the period. HUB Investment Partners LLC increased its position in shares of Verizon Communications by 17.2% during the 2nd quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock valued at $1,779,000 after purchasing an additional 6,034 shares during the last quarter. Finally, Vivaldi Capital Management LP increased its position in shares of Verizon Communications by 5.2% during the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock valued at $389,000 after purchasing an additional 443 shares during the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications Price Performance

NYSE VZ opened at $43.91 on Friday. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The stock has a market cap of $183.36 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.08 and a beta of 0.26. The company’s 50 day moving average is $45.39 and its two-hundred day moving average is $46.20. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $34.44 billion during the quarter, compared to analyst estimates of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The company’s 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. As a group, research analysts anticipate that Verizon Communications Inc. will post 4.98 earnings per share for the current year.

Verizon Communications Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 annualized dividend and a yield of 6.4%. Verizon Communications’s dividend payout ratio is currently 69.02%.

Trending Headlines about Verizon Communications

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

• Positive Sentiment: Verizon is highlighting new consumer products, including the Gizmo Watch 4 for families focused on child safety, which could support device sales and customer engagement. Verizon (VZ) Launches Gizmo Watch 4 For Families Focused On Child Safety
• Positive Sentiment: Verizon is also promoting major Samsung Galaxy Z Fold and wearable preorder deals, signaling continued carrier partnerships and potential upgrade-driven demand. Samsung’s next-generation Z Fold meets simplicity & value on Verizon
• Neutral Sentiment: Multiple previews note that Verizon will report Q2 results before the bell on Friday, keeping the stock in focus as investors look for updates on wireless growth, margins, and guidance. Verizon (VZ) To Report Earnings Tomorrow: Here Is What To Expect
• Neutral Sentiment: Coverage ahead of earnings says Verizon is in a broad reset, selling 274 company-owned stores, cutting jobs, and leaning more on franchises to improve efficiency. Verizon Communications (VZ) Sells Stores And Cuts Jobs, Is The Stock Still A Bargain?
• Negative Sentiment: Analysts are watching whether Verizon’s restructuring and cost cuts are enough to offset growth concerns, including competitive pressure from rivals and fears around new Starlink-related offerings in the market. Verizon Earnings Will Put Cost Cuts and SpaceX Fears Under the Microscope
• Negative Sentiment: Peer news from T-Mobile and AT&T underscores a tougher wireless backdrop, with intensified competition and execution risks across the sector that could weigh on Verizon’s outlook. T-Mobile Falls Despite Earnings Beat. CEO Shoots Down Expanded Starlink Deal.

Analyst Upgrades and Downgrades

VZ has been the topic of a number of research reports. Royal Bank Of Canada dropped their price objective on shares of Verizon Communications from $48.00 to $46.00 and set a “sector perform” rating on the stock in a report on Monday. JPMorgan Chase & Co. upped their target price on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. BNP Paribas Exane dropped their price target on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Scotiabank cut their price objective on shares of Verizon Communications from $54.50 to $51.50 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. Finally, Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.03.

About Verizon Communications

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.