Cassaday & Co Wealth Management LLC Sells 14,782 Shares of Verizon Communications Inc. $VZ

Cassaday & Co Wealth Management LLC lessened its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 36.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,897 shares of the cell phone carrier’s stock after selling 14,782 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Verizon Communications were worth $1,300,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VZ. Strengthening Families & Communities LLC lifted its stake in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after acquiring an additional 539 shares during the last quarter. Lam Group Inc. bought a new position in Verizon Communications in the 1st quarter valued at $28,000. EQ Wealth Advisors LLC bought a new position in Verizon Communications in the 4th quarter valued at $29,000. Sarver Vrooman Wealth Advisors increased its stake in Verizon Communications by 173.0% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after purchasing an additional 448 shares during the period. Finally, Quattro Advisors LLC purchased a new stake in Verizon Communications in the fourth quarter worth $30,000. Institutional investors own 62.06% of the company’s stock.

Key Verizon Communications News

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

• Positive Sentiment: Several articles continue to frame Verizon as a long-term value name, highlighting its relatively low valuation and income appeal for investors looking for defensive cash flow. Article Title
• Positive Sentiment: Brokerage commentary also points to bullish expectations for Verizon’s FY2026 earnings, reinforcing the idea that the company may be able to maintain stable profitability. Article Title
• Neutral Sentiment: Verizon is being mentioned in broader “stocks to watch” coverage ahead of a busy earnings week, but this is more of a market context story than a company-specific catalyst. Article Title
• Neutral Sentiment: Coverage of Verizon preparing its network for record-setting traffic during the first-ever World Cup halftime show underscores operational readiness, but it is unlikely to materially move the stock on its own. Article Title
• Negative Sentiment: Royal Bank of Canada cut its price target on Verizon from $48 to $46 while keeping a “sector perform” rating, a sign that analysts see limited upside near term and that may be weighing on shares. Article Title
• Negative Sentiment: Investor concern also remains centered on whether Verizon can fully protect its dividend, suggesting the market is still sensitive to debt and payout sustainability risks. Article Title

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VZ. BNP Paribas Exane decreased their target price on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada cut their price target 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. raised their price target on shares of Verizon Communications from $49.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Wells Fargo & Company began coverage on shares of Verizon Communications in a report on Wednesday, July 8th. They set an “equal weight” rating and a $43.00 price objective for the company. Finally, Dbs Bank cut shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Verizon Communications has an average rating of “Hold” and a consensus target price of $49.97.

Verizon Communications Trading Down 0.2%

NYSE VZ opened at $43.51 on Tuesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The company has a market capitalization of $181.68 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.07 and a beta of 0.26. The company’s 50-day simple moving average is $45.59 and its two-hundred day simple moving average is $46.13. Verizon Communications Inc. has a one year low of $38.39 and a one year 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 for the quarter, topping the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The firm had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the prior year, the company earned $1.19 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Equities analysts forecast that Verizon Communications Inc. will post 4.98 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be paid a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, July 10th. Verizon Communications’s dividend payout ratio is 69.02%.

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.