Verizon Communications Inc. $VZ Stock: Hourglass Capital LLC Reduces Position

Hourglass Capital LLC trimmed its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 9.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,278 shares of the cell phone carrier’s stock after selling 15,930 shares during the period. Hourglass Capital LLC’s holdings in Verizon Communications were worth $6,664,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of VZ. Bank of America Corp DE increased its stake in shares of Verizon Communications by 15.4% during the 1st quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier’s stock valued at $3,117,471,000 after acquiring an additional 8,289,877 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Verizon Communications by 20.8% in the 1st quarter. Bank of New York Mellon Corp now owns 38,164,982 shares of the cell phone carrier’s stock valued at $1,915,882,000 after buying an additional 6,580,820 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Verizon Communications by 14.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,173,226 shares of the cell phone carrier’s stock worth $1,743,274,000 after buying an additional 5,075,794 shares in the last quarter. Jupiter Topco LLC bought a new position in shares of Verizon Communications during the second quarter worth about $184,260,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Verizon Communications during the 2nd quarter worth approximately $132,893,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Insider Activity

In other news, CEO Kyle Malady sold 1,100 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $44.48, for a total transaction of $48,928.00. Following the transaction, the chief executive officer directly owned 99,966 shares of the company’s stock, valued at approximately $4,446,487.68. This trade represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,900 shares of company stock valued at $469,073 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Verizon Communications from $46.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Morgan Stanley boosted their price objective on shares of Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Wells Fargo & Company increased their price objective on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Scotiabank cut their target price on shares of Verizon Communications from $51.50 to $50.00 and set a “sector outperform” rating on the stock in a report on Friday, October 9th. Finally, Moffett Nathanson decreased their target price on Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Eight equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Verizon Communications currently has an average rating of “Hold” and a consensus price target of $50.80.

Key Verizon Communications News

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

• Positive Sentiment: Verizon reported third-quarter adjusted earnings of $1.31 per share, above the $1.27 consensus estimate. EBITDA margins improved to 40.2%, while net income increased year over year. Verizon Beats Q3 Earnings Estimates on Strong Margins, Revenues Miss
• Positive Sentiment: Wireless customer trends were notably strong. Verizon added 406,000 postpaid phone subscribers—its best third-quarter result in five years—and 137,000 postpaid accounts. Broadband additions totaled 314,000. Verizon Delivers Another Record-Breaking Quarter
• Positive Sentiment: The company raised its 2026 outlook for adjusted EPS, postpaid phone additions and free cash flow for the third consecutive quarter. Verizon now expects adjusted EPS of approximately $5.04 to $5.06 and free-cash-flow growth approaching 12%. Verizon Raises 2026 Outlook After Strong Postpaid Subscriber Growth
• Positive Sentiment: Verizon signed a more than $2 billion agreement with Amazon Web Services to expand distributed computing and fiber infrastructure supporting AI workloads. The deal provides a new growth avenue beyond the mature wireless business. Verizon Lifts Outlook, Inks Amazon Deal Worth More Than $2 Billion
• Neutral Sentiment: Management said SpaceX’s proposed nationwide wireless service would require extensive land-based infrastructure and years of investment to become competitive, suggesting a longer-term rather than immediate threat. Verizon Says SpaceX Will Need Years and Major Investment
• Negative Sentiment: Revenue rose only 1.5% to $34.31 billion, missing analysts’ $34.77 billion estimate. The miss—along with reports of lower phone upgrades—overshadowed the earnings beat and raised concerns about limited top-line growth in Verizon’s mature market. Verizon Stock Falls on Revenue Miss Amid Lower Phone Upgrades
• Negative Sentiment: Investors also remain cautious about potential disruption from SpaceX’s planned mobile network, which could increase pricing pressure and customer-acquisition costs across the wireless industry.

Verizon Communications Trading Down 3.3%

Verizon Communications stock opened at $43.18 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average price of $47.54 and a two-hundred day moving average price of $46.65. The firm has a market capitalization of $179.39 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.70 and a beta of 0.26. Verizon Communications Inc. has a 52-week low of $38.68 and a 52-week high of $51.68.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings results on Monday, October 26th. The cell phone carrier reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The company had revenue of $34.31 billion for the quarter, compared to analyst estimates of $34.77 billion. During the same quarter last year, the business earned $1.21 earnings per share. Verizon Communications’s revenue was up 1.5% compared to the same quarter last year. Sell-side analysts expect that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be given a dividend of $0.7075 per share. This represents a $2.83 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, October 9th. Verizon Communications’s payout ratio is 73.70%.

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.