Rep. Robert Bresnahan, Jr. Acquires Shares of Verizon Communications Inc. (NYSE:VZ)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Verizon Communications Inc. (NYSE:VZ). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Verizon Communications stock on April 8th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.
• Sold $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 4/16/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of Western Digital (NASDAQ:WDC) on 4/10/2025.
• Sold $1,001 – $15,000 in shares of DexCom (NASDAQ:DXCM) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Invesco (NYSE:IVZ) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of Generac (NYSE:GNRC) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 4/8/2025.
• Sold $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 4/8/2025.

Verizon Communications Trading Down 1.5%

NYSE VZ traded down $0.64 during trading on Monday, hitting $42.97. The company had a trading volume of 6,553,433 shares, compared to its average volume of 20,109,390. The company’s fifty day moving average is $43.74 and its 200-day moving average is $41.98. Verizon Communications Inc. has a one year low of $37.59 and a one year high of $47.36. The company has a current ratio of 0.63, a quick ratio of 0.59 and a debt-to-equity ratio of 1.21. The company has a market cap of $181.16 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Tuesday, April 22nd. The cell phone carrier reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $33.50 billion during the quarter, compared to the consensus estimate of $33.31 billion. Verizon Communications had a net margin of 12.99% and a return on equity of 19.80%. On average, sell-side analysts predict that Verizon Communications Inc. will post 4.69 earnings per share for the current year.

Verizon Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.6775 dividend. This represents a $2.71 annualized dividend and a yield of 6.31%. The ex-dividend date of this dividend was Thursday, April 10th. Verizon Communications’s dividend payout ratio (DPR) is currently 64.52%.

Insiders Place Their Bets

In other Verizon Communications news, EVP Vandana Venkatesh sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $43.79, for a total value of $437,900.00. Following the completion of the sale, the executive vice president now directly owns 14,459 shares of the company’s stock, valued at $633,159.61. The trade was a 40.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kyle Malady sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $42.48, for a total transaction of $212,400.00. Following the transaction, the chief executive officer now directly owns 36,508 shares in the company, valued at approximately $1,550,859.84. This trade represents a 12.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,500 shares of company stock valued at $1,376,300 over the last 90 days. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VZ shares. Oppenheimer upped their price target on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 1st. Evercore ISI raised shares of Verizon Communications from an “in-line” rating to an “outperform” rating and set a $48.00 target price on the stock in a research report on Friday, April 11th. Wolfe Research cut shares of Verizon Communications from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, March 12th. TD Cowen raised shares of Verizon Communications to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price objective (up previously from $42.00) on shares of Verizon Communications in a research report on Tuesday, March 25th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.41.

Institutional Investors Weigh In On Verizon Communications

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its holdings in shares of Verizon Communications by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 4,954,357 shares of the cell phone carrier’s stock valued at $222,500,000 after acquiring an additional 129,171 shares during the last quarter. Diversified Trust Co lifted its stake in shares of Verizon Communications by 28.8% in the 4th quarter. Diversified Trust Co now owns 77,796 shares of the cell phone carrier’s stock valued at $3,111,000 after purchasing an additional 17,393 shares during the last quarter. Rempart Asset Management Inc. boosted its holdings in shares of Verizon Communications by 29.1% in the 4th quarter. Rempart Asset Management Inc. now owns 203,190 shares of the cell phone carrier’s stock worth $8,126,000 after purchasing an additional 45,790 shares during the period. InvesTrust purchased a new position in shares of Verizon Communications in the 4th quarter worth approximately $5,956,000. Finally, Douglas Lane & Associates LLC raised its stake in shares of Verizon Communications by 6.4% in the fourth quarter. Douglas Lane & Associates LLC now owns 21,642 shares of the cell phone carrier’s stock valued at $865,000 after acquiring an additional 1,294 shares during the period. 62.06% of the stock is owned by institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).