Texas Capital Bank Wealth Management Services Inc Buys 11,591 Shares of Verizon Communications Inc. $VZ

Texas Capital Bank Wealth Management Services Inc grew its holdings in Verizon Communications Inc. (NYSE:VZ) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,224 shares of the cell phone carrier’s stock after acquiring an additional 11,591 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Verizon Communications were worth $2,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of VZ. Strengthening Families & Communities LLC boosted its position in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after acquiring an additional 539 shares during the period. Holos Integrated Wealth LLC bought a new stake in shares of Verizon Communications in the fourth quarter valued at approximately $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Verizon Communications in the third quarter valued at approximately $29,000. EQ Wealth Advisors LLC bought a new stake in shares of Verizon Communications in the fourth quarter valued at approximately $29,000. Finally, Daytona Street Capital LLC bought a new stake in shares of Verizon Communications in the fourth quarter valued at approximately $33,000. 62.06% of the stock is owned by institutional investors.

More Verizon Communications News

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

• Positive Sentiment: Verizon is part of a proposed satellite direct-to-device venture with AT&T and T-Mobile, a move that could help expand coverage, reduce dead zones, and improve emergency communications capabilities. T-Mobile Joins Rivals On Satellite Venture With Shares Below Targets
• Positive Sentiment: Investor attention remains elevated after Verizon’s last earnings report, where the company beat EPS estimates, supporting confidence in its cash generation and wireless business. Why Is Verizon (VZ) Up 2.7% Since Last Earnings Report?
• Neutral Sentiment: Verizon continues to show up on trader screens and stock-watch lists, suggesting the market is still focused on its upcoming catalysts rather than any single major new development. Here is What to Know Beyond Why Verizon Communications Inc. (VZ) is a Trending Stock
• Neutral Sentiment: Sector commentary around 5G, AI connectivity, and telecom infrastructure may be giving Verizon some broader support, but these themes are more long-term than immediate stock-moving news. AI Can’t Reach the Real World Without These 3 Stocks
• Neutral Sentiment: Articles discussing a broader fleet-telematics market expansion are not specific to Verizon, so any stock impact is likely indirect at best. Fleet Telematics Market Forecast

Verizon Communications Stock Performance

Verizon Communications stock opened at $48.30 on Thursday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The stock has a fifty day moving average price of $48.01 and a two-hundred day moving average price of $44.99. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The firm has a market capitalization of $201.70 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.16 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last announced its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, topping the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion for 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 business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.19 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

VZ has been the subject of a number of recent research reports. Wells Fargo & Company upped their target price on Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Royal Bank Of Canada upped their target price 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. Sanford C. Bernstein restated a “market perform” rating and issued a $48.00 target price on shares of Verizon Communications in a research note on Monday, February 2nd. Finally, Morgan Stanley upped their target price on Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. One investment 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.59.

Insider Activity at Verizon Communications

In other news, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, the senior vice president owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

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.