Verizon Communications Inc. $VZ Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its position in Verizon Communications Inc. (NYSE:VZ) by 9.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,321 shares of the cell phone carrier’s stock after selling 29,937 shares during the period. Park Avenue Securities LLC’s holdings in Verizon Communications were worth $12,767,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gill Capital Partners LLC grew its stake in Verizon Communications by 74.6% during the second quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 265 shares during the period. Robinswood Financial LLC acquired a new stake in shares of Verizon Communications in the first quarter worth $27,000. Bare Financial Services Inc increased its position in shares of Verizon Communications by 37.4% in the second quarter. Bare Financial Services Inc now owns 841 shares of the cell phone carrier’s stock worth $36,000 after acquiring an additional 229 shares in the last quarter. Frazier Financial Advisors LLC raised its stake in shares of Verizon Communications by 32.7% in the 1st quarter. Frazier Financial Advisors LLC now owns 888 shares of the cell phone carrier’s stock valued at $45,000 after acquiring an additional 219 shares during the period. Finally, Montgomery Financial Services LLC purchased a new position in shares of Verizon Communications in the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Price Performance

NYSE VZ opened at $43.93 on Wednesday. The company’s fifty day simple moving average is $47.35 and its 200-day simple moving average is $46.68. Verizon Communications Inc. has a 52 week low of $38.68 and a 52 week high of $51.68.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Monday, October 26th. The cell phone carrier reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. The firm had revenue of $34.31 billion for the quarter, compared to analyst estimates of $34.77 billion. During the same period in the previous year, the business posted $1.21 earnings per share. Verizon Communications’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Verizon Communications Inc. will post 5.04 earnings per share for the current year.

Verizon Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be given a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, October 9th.

Insider Buying and Selling at Verizon Communications

In related news, CEO Kyle Malady sold 1,100 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $44.48, for a total value of $48,928.00. Following the transaction, the chief executive officer owned 99,966 shares in the company, valued at approximately $4,446,487.68. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,900 shares of company stock worth $469,073 in the last three months. 0.03% of the stock is owned by company insiders.

Key Headlines Impacting Verizon Communications

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

• Positive Sentiment: Verizon added 406,000 postpaid phone subscribers—its strongest third-quarter performance in five years—and 137,000 postpaid accounts. Broadband net additions reached 314,000, supporting the company’s growth strategy. Verizon Delivers Another Record-Breaking Quarter
• Positive Sentiment: Adjusted third-quarter earnings of $1.31 per share exceeded the $1.27 consensus estimate, while adjusted EBITDA margins improved and free cash flow totaled $7.8 billion. Verizon also raised its 2026 outlook for adjusted EPS, postpaid phone additions and free cash flow. Verizon Beats Q3 Earnings Estimates
• Positive Sentiment: A more than $2 billion agreement with Amazon Web Services will expand Verizon’s fiber and distributed-computing infrastructure for artificial-intelligence workloads, creating a new enterprise growth opportunity. Verizon Lifts Outlook and Inks Amazon Deal
• Neutral Sentiment: Management said SpaceX’s Starlink could complement Verizon through partnerships, but becoming a major U.S. wireless competitor would require substantial terrestrial infrastructure and investment. Verizon CEO Discusses Starlink Cooperation
• Negative Sentiment: Third-quarter revenue rose 1.5% to $34.31 billion, missing the $34.77 billion analyst estimate. The revenue miss overshadowed the earnings beat and raised concerns about Verizon’s limited top-line growth in a mature telecom market. Why Verizon Stock Is Down
• Negative Sentiment: Several Wall Street firms lowered their price targets following the results, including Goldman Sachs, Morgan Stanley, Barclays, TD Cowen, Citigroup and Daiwa, although some retained buy ratings and still see upside from current levels. Verizon Analysts Cut Their Forecasts

Analysts Set New Price Targets

VZ has been the topic of several recent research reports. BNP Paribas Exane reduced their target price on shares of Verizon Communications from $46.00 to $45.00 in a report on Tuesday. Wells Fargo & Company increased their price target on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Morgan Stanley cut their price objective on Verizon Communications from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Barclays cut their price objective on Verizon Communications from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on Verizon Communications from $51.00 to $47.00 in a research note on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to MarketBeat, Verizon Communications currently has an average rating of “Hold” and a consensus price target of $50.58.

About Verizon Communications

Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and digital connectivity services. Through its consumer business, Verizon offers mobile voice and data plans, smartphones and other connected devices, home internet, fixed wireless access, and fiber-optic broadband services under the Fios brand.

Verizon also serves businesses, government agencies, and other organizations with wireless connectivity, private networks, internet and data services, managed communications, cloud and security solutions, and Internet of Things services.