Verizon Communications Inc. $VZ Shares Sold by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lowered its holdings in Verizon Communications Inc. (NYSE:VZ) by 36.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,897 shares of the cell phone carrier’s stock after selling 14,782 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Verizon Communications were worth $1,300,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Strengthening Families & Communities LLC raised its stake in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares during the last quarter. Lam Group Inc. purchased a new stake in shares of Verizon Communications in the first quarter worth about $28,000. EQ Wealth Advisors LLC purchased a new stake in shares of Verizon Communications in the fourth quarter worth about $29,000. Sarver Vrooman Wealth Advisors grew its holdings in Verizon Communications by 173.0% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after acquiring an additional 448 shares during the period. Finally, Quattro Advisors LLC purchased a new position in Verizon Communications during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

More Verizon Communications News

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

• Positive Sentiment: Several articles continue to frame Verizon as a long-term value name, highlighting its relatively low valuation and income appeal for investors looking for defensive cash flow. Article Title
• Positive Sentiment: Brokerage commentary also points to bullish expectations for Verizon’s FY2026 earnings, reinforcing the idea that the company may be able to maintain stable profitability. Article Title
• Neutral Sentiment: Verizon is being mentioned in broader “stocks to watch” coverage ahead of a busy earnings week, but this is more of a market context story than a company-specific catalyst. Article Title
• Neutral Sentiment: Coverage of Verizon preparing its network for record-setting traffic during the first-ever World Cup halftime show underscores operational readiness, but it is unlikely to materially move the stock on its own. Article Title
• Negative Sentiment: Royal Bank of Canada cut its price target on Verizon from $48 to $46 while keeping a “sector perform” rating, a sign that analysts see limited upside near term and that may be weighing on shares. Article Title
• Negative Sentiment: Investor concern also remains centered on whether Verizon can fully protect its dividend, suggesting the market is still sensitive to debt and payout sustainability risks. Article Title

Verizon Communications Trading Down 0.2%

VZ opened at $43.51 on Tuesday. The firm has a market capitalization of $181.68 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 1.07 and a beta of 0.26. The company’s 50 day simple moving average is $45.59 and its two-hundred day simple moving average is $46.13. Verizon Communications Inc. has a 1-year low of $38.39 and a 1-year high of $51.68. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter last year, the firm earned $1.19 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Analysts expect that Verizon Communications Inc. will post 4.98 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be paid a $0.7075 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a dividend yield of 6.5%. Verizon Communications’s dividend payout ratio (DPR) is 69.02%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays decreased their target price on shares of Verizon Communications from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Royal Bank Of Canada dropped their price target on shares of Verizon Communications from $48.00 to $46.00 and set a “sector perform” rating on the stock in a research report on Monday. BNP Paribas Exane cut their price objective on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. Finally, Dbs Bank lowered shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.97.

About Verizon Communications

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.