Verizon Communications Inc. $VZ Holdings Lowered by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co reduced its holdings in Verizon Communications Inc. (NYSE:VZ) by 4.2% in the 4th quarter, Holdings Channel reports. The fund owned 549,790 shares of the cell phone carrier’s stock after selling 24,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Verizon Communications were worth $22,393,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Verizon Communications by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock worth $15,453,058,000 after acquiring an additional 5,497,598 shares in the last quarter. State Street Corp lifted its stake in Verizon Communications by 3.5% in the 3rd quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock worth $9,470,788,000 after acquiring an additional 7,276,809 shares in the last quarter. Geode Capital Management LLC lifted its stake in Verizon Communications by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier’s stock worth $4,168,080,000 after acquiring an additional 867,694 shares in the last quarter. Northern Trust Corp lifted its stake in Verizon Communications by 1.2% in the 3rd quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock worth $1,989,427,000 after acquiring an additional 557,576 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Verizon Communications by 4.5% in the 3rd quarter. Legal & General Group Plc now owns 28,188,066 shares of the cell phone carrier’s stock worth $1,238,866,000 after acquiring an additional 1,203,445 shares in the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications Stock Performance

Shares of NYSE VZ opened at $48.03 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The firm has a market cap of $200.56 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 1.15 and a beta of 0.24. The business’s 50-day simple moving average is $47.96 and its 200-day simple moving average is $45.05. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $34.44 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. As a group, equities research analysts expect that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on VZ. Dbs Bank downgraded Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Evercore increased their price objective on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Raymond James Financial reissued an “outperform” rating and issued a $56.00 price objective on shares of Verizon Communications in a research note on Thursday, March 12th. Scotiabank raised Verizon Communications from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $50.25 to $54.50 in a research note on Monday, March 9th. Finally, William Blair raised Verizon Communications to an “outperform” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Verizon Communications has an average rating of “Moderate Buy” and a consensus price target of $50.59.

Verizon Communications News Roundup

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

• Positive Sentiment: Verizon shareholders approved the company’s 2026 long-term incentive plan at the annual meeting, a sign of continued support for management’s compensation and retention framework. Verizon Shareholders Approve 2026 Long-Term Incentive Plan
• Positive Sentiment: Investor articles highlighted Verizon as a sub-$50 cash-flow and dividend-style stock that can still look attractive even with elevated Treasury yields, reinforcing the appeal of its steady earnings and income profile. The Sub-$50 Institutional Cash-Flow Machine That Remains Attractive Despite High Risk Free Yields
• Positive Sentiment: Coverage noting Verizon has been trading in the green for multiple sessions and remains a trending stock suggests improving near-term sentiment around the shares. Verizon trades in green for the seventh session
• Positive Sentiment: Analyst-style articles also pointed to Verizon’s role in the growing 5G and AI connectivity theme, which can support the bull case for longer-term revenue opportunities. AI Can’t Reach the Real World Without These 3 Stocks

Insider Activity at Verizon Communications

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

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.