Prestige Wealth Management Group LLC Decreases Stock Position in Verizon Communications Inc. $VZ

Prestige Wealth Management Group LLC lessened its position in Verizon Communications Inc. (NYSE:VZ) by 67.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,879 shares of the cell phone carrier’s stock after selling 14,361 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Verizon Communications were worth $280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blake Schutter Theil Wealth Advisors LLC increased its stake in Verizon Communications by 3.8% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock worth $257,000 after acquiring an additional 233 shares during the last quarter. Triton Wealth Management PLLC increased its stake in Verizon Communications by 2.6% during the fourth quarter. Triton Wealth Management PLLC now owns 9,257 shares of the cell phone carrier’s stock worth $377,000 after acquiring an additional 234 shares during the last quarter. Clearstead Trust LLC grew its stake in shares of Verizon Communications by 2.5% in the fourth quarter. Clearstead Trust LLC now owns 9,788 shares of the cell phone carrier’s stock valued at $399,000 after buying an additional 240 shares in the last quarter. CWS Financial Advisors LLC grew its stake in shares of Verizon Communications by 1.7% in the fourth quarter. CWS Financial Advisors LLC now owns 14,891 shares of the cell phone carrier’s stock valued at $607,000 after buying an additional 246 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in shares of Verizon Communications by 0.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 27,471 shares of the cell phone carrier’s stock valued at $1,119,000 after buying an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VZ. Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $50.25 to $54.50 in a research note on Monday, March 9th. Raymond James Financial reaffirmed an “outperform” rating and issued a $56.00 price objective on shares of Verizon Communications in a research note on Thursday, March 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. Oppenheimer lifted their price objective on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Finally, Barclays lifted 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Verizon Communications Trading Up 1.2%

NYSE:VZ opened at $45.39 on Friday. The firm has a market cap of $189.53 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.07 and a beta of 0.24. 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 stock has a fifty day moving average price of $47.55 and a 200 day moving average price of $45.27. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The company 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 revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Sell-side analysts anticipate that Verizon Communications Inc. will post 4.97 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be issued a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s payout ratio is 69.02%.

More Verizon Communications News

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

• Positive Sentiment: Verizon declared a quarterly dividend of $0.7075 per share, reinforcing its reputation as a high-yield income stock and signaling stable cash returns to shareholders. Verizon declares quarterly dividend on June 4, 2026
• Positive Sentiment: Recent commentary noted Verizon has outperformed over the past several months on the back of subscriber gains, broadband growth, and AI-related initiatives, which may support the stock’s longer-term narrative. VZ Shares Rise 8.6% in Six Months: What’s the Next Move for Investors?
• Neutral Sentiment: Several market pieces focused on Verizon’s valuation and dividend appeal, with some arguing the stock is still compelling for income investors while others question whether the upside is limited. Forget Wall Street’s Ultimate Telecom Value Trap and Buy the Real Free Cash Flow King
• Neutral Sentiment: Verizon’s debt tender and exchange offers, along with broader capital-priority discussion, suggest management is actively managing leverage and liquidity, but the move is not an immediate fundamental catalyst. Do Verizon (VZ) Debt Tenders and Dividend Steadiness Hint at a Shifting Capital Priorities Playbook?
• Negative Sentiment: The Supreme Court’s decision in the FCC dispute increases Verizon’s regulatory risk and could lead to continued fines or enforcement actions, weighing on investor sentiment. US Supreme Court backs FCC in clash with wireless carriers over fines
• Negative Sentiment: Competitive pressure from Starlink and concerns about Verizon’s store/customer backlash have widened skepticism about the company’s growth outlook and valuation. Verizon Confronts Store Backlash And Starlink Threat As Valuation Gap Widens

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.