Norris Financial Group LLC Makes New Investment in Verizon Communications Inc. $VZ

Norris Financial Group LLC acquired a new stake in Verizon Communications Inc. (NYSE:VZ) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 22,154 shares of the cell phone carrier’s stock, valued at approximately $1,112,000.

Other hedge funds have also recently modified their holdings of the company. RKL Wealth Management LLC grew its position in Verizon Communications by 4.3% during the first quarter. RKL Wealth Management LLC now owns 5,338 shares of the cell phone carrier’s stock valued at $268,000 after buying an additional 218 shares during the period. Strategic Investment Solutions Inc. IL increased its holdings in Verizon Communications by 8.6% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier’s stock worth $113,000 after buying an additional 219 shares during the last quarter. Frazier Financial Advisors LLC raised its position in Verizon Communications by 32.7% in the first quarter. Frazier Financial Advisors LLC now owns 888 shares of the cell phone carrier’s stock worth $45,000 after acquiring an additional 219 shares during the period. Sumitomo Life Insurance Co. boosted its stake in Verizon Communications by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier’s stock valued at $1,426,000 after acquiring an additional 227 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC boosted its stake in Verizon Communications by 3.8% in the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 6,305 shares of the cell phone carrier’s stock valued at $257,000 after acquiring an additional 233 shares during the last quarter. 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: Analysts continue to raise their expectations for Verizon. Morgan Stanley lifted its price target to $52, while TD Cowen raised its target to $56; Verizon also received an analyst upgrade. These actions reflect confidence in the company’s earnings outlook and recent operating performance. Verizon analyst upgrade
• Positive Sentiment: Verizon’s investment case is being supported by fiber expansion and emerging AI infrastructure demand. Bain Capital and Tillman Global Holdings announced a $1.5 billion investment in Eaton Fiber to accelerate broadband deployment, while a separate analysis cited a potential $1 billion-plus Google dark-fiber deal and data-center retrofits as possible sources of higher-margin growth beginning in the second half of 2026. Bain Capital and Tillman Global Holdings fiber investment
• Neutral Sentiment: Verizon remains viewed as inexpensive relative to telecom peers, trading at a significant forward-earnings discount while offering a dividend yield above 6%. However, investors are debating whether the discount represents value or reflects limited revenue growth. Recent earnings showed an EPS beat, but revenue declined year over year and missed expectations.
• Negative Sentiment: The primary pressure on VZ is concern that SpaceX could enter the U.S. wireless market by acquiring spectrum or participating in next year’s federal auction. A direct-to-mobile satellite service with dense urban coverage could intensify competition for Verizon, AT&T and T-Mobile, prompting a broad telecom selloff. SpaceX direct mobile threat

Analysts Set New Price Targets

A number of research firms have recently weighed in on VZ. Wells Fargo & Company increased their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday. Royal Bank Of Canada upped their price objective on Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Barclays raised their target price on Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Scotiabank boosted their target price on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Verizon Communications presently has an average rating of “Hold” and a consensus price target of $50.84.

Verizon Communications Stock Down 2.3%

Verizon Communications stock opened at $46.12 on Friday. The firm has a 50 day simple moving average of $45.35 and a 200 day simple moving average of $46.44. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The firm has a market capitalization of $192.59 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.32 and a beta of 0.26.

Verizon Communications (NYSE:VZ) last posted its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The firm had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. During the same quarter in the prior year, the business posted $1.22 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. On average, analysts predict that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Dividend Announcement

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 issued a dividend of $0.7075 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.1%. Verizon Communications’s dividend payout ratio is 73.70%.

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.