PNC Financial Services Group Inc. Has $218.22 Million Holdings in Verizon Communications Inc. $VZ

PNC Financial Services Group Inc. lessened its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,357,713 shares of the cell phone carrier’s stock after selling 234,671 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.13% of Verizon Communications worth $218,220,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Blake Schutter Theil Wealth Advisors LLC increased its position 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 buying an additional 233 shares during the last quarter. Triton Wealth Management PLLC boosted its holdings in shares of 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 period. Monetary Management Group Inc. boosted its holdings in shares of Verizon Communications by 0.8% during the second quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier’s stock worth $1,315,000 after acquiring an additional 250 shares during the period. Hughes Financial Services LLC boosted its holdings in shares of Verizon Communications by 5.3% during the third quarter. Hughes Financial Services LLC now owns 5,035 shares of the cell phone carrier’s stock worth $221,000 after acquiring an additional 255 shares during the period. Finally, Hager Investment Management Services LLC boosted its holdings in shares of Verizon Communications by 26.2% during the third quarter. Hager Investment Management Services LLC now owns 1,233 shares of the cell phone carrier’s stock worth $54,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds 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: Verizon said it added postpaid phone customers for the first time since 2013, while broadband growth and the Frontier deal are helping retention and supporting the consumer segment. VZ Gains From Solid Traction in the Consumer Segment: Will it Sustain?
• Positive Sentiment: Verizon is being highlighted as an attractive undervalued dividend stock, reinforcing its appeal for income-oriented investors. Is Verizon Communications (VZ) One of the Top 12 Undervalued Dividend Stocks to Buy Now?
• Positive Sentiment: The FCC approved Verizon’s spectrum-related move, and the company is also part of a new satellite-based mobile coverage initiative that could help reduce dead zones and improve network reach over time. T-Mobile US Joins Rivals On Satellite Push To Extend Coverage Story
• Neutral Sentiment: Verizon’s annual Data Breach Investigations Report drew broad media attention, but it is mainly a research publication and not a direct business catalyst for the stock. AI-related data breaches surpass stolen credentials in cyber incidents, Verizon report says
• Neutral Sentiment: Comparisons with AT&T and valuation-focused commentary are keeping Verizon in the spotlight, but these pieces mostly reinforce the company’s steady revenue profile rather than adding a new fundamental catalyst. AT&T vs Verizon. One of These Telecoms Has Raised Its Dividend 20 Straight Times and the Market Is Finally Noticing
• Negative Sentiment: Some market commentary continues to flag Verizon as a potentially risky Dow stock, reflecting lingering concerns about growth and the telecom sector’s maturity. 3 Dow Jones Stocks We Find Risky

Verizon Communications Trading Up 2.1%

Shares of VZ stock opened at $47.77 on Wednesday. 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 market cap of $199.45 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.24. The stock has a 50 day simple moving average of $48.31 and a 200 day simple moving average of $44.62. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The business had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, research analysts predict that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the transaction, the senior vice president directly owned 43,782 shares of the company’s stock, valued at $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hans Erik Vestberg sold 200,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the sale, the director owned 145,069 shares of the company’s stock, valued at $7,196,873.09. The trade was a 57.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VZ shares. William Blair upgraded Verizon Communications to an “outperform” rating in a report on Monday, February 2nd. Erste Group Bank restated a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. Raymond James Financial restated an “outperform” rating and set a $56.00 price objective on shares of Verizon Communications in a report on Thursday, March 12th. JPMorgan Chase & Co. boosted their price target on Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price target on Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Verizon Communications currently has an average rating of “Moderate Buy” and an average target price of $50.59.

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.