Parallel Advisors LLC Has $6.15 Million Stock Holdings in Verizon Communications Inc. $VZ

Parallel Advisors LLC decreased its position in shares of Verizon Communications Inc. (NYSE:VZ) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,101 shares of the cell phone carrier’s stock after selling 20,642 shares during the period. Parallel Advisors LLC’s holdings in Verizon Communications were worth $6,154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in VZ. SlateStone Wealth LLC lifted its stake in Verizon Communications by 3.8% in the 4th quarter. SlateStone Wealth LLC now owns 158,017 shares of the cell phone carrier’s stock valued at $6,436,000 after purchasing an additional 5,724 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Verizon Communications by 67.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,328 shares of the cell phone carrier’s stock valued at $143,000 after purchasing an additional 1,346 shares during the last quarter. Prudential PLC lifted its stake in Verizon Communications by 1.9% in the 4th quarter. Prudential PLC now owns 533,691 shares of the cell phone carrier’s stock valued at $21,737,000 after purchasing an additional 9,707 shares during the last quarter. Avise Financial Cooperative Inc. bought a new position in Verizon Communications in the 4th quarter valued at approximately $620,000. Finally, Vise Technologies Inc. lifted its stake in Verizon Communications by 53.3% in the 4th quarter. Vise Technologies Inc. now owns 186,136 shares of the cell phone carrier’s stock valued at $7,581,000 after purchasing an additional 64,756 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Price Performance

VZ stock opened at $45.39 on Friday. The company has a fifty day moving average price of $47.55 and a 200-day moving average price of $45.27. The company has a market capitalization of $189.53 billion, a P/E ratio of 11.07, a PEG ratio of 1.07 and a beta of 0.24. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data 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 company had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same period in the prior year, the company posted $1.19 earnings per share. Verizon Communications’s revenue for the quarter 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. As a group, equities analysts expect that Verizon Communications Inc. will post 4.97 EPS for the current year.

Verizon Communications Dividend Announcement

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

Key Stories Impacting Verizon Communications

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Oppenheimer increased their price objective on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Citigroup increased their price objective on shares of Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Morgan Stanley increased their price objective on shares of Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Barclays increased their price objective on shares of 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 investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

Verizon Communications Company 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.