Vestor Capital LLC raised its position in Verizon Communications Inc. (NYSE:VZ – Free Report) by 9,751.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 246,286 shares of the cell phone carrier’s stock after buying an additional 243,786 shares during the period. Vestor Capital LLC’s holdings in Verizon Communications were worth $12,364,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in VZ. Lam Group Inc. acquired a new position in shares of Verizon Communications in the first quarter valued at approximately $28,000. Strengthening Families & Communities LLC boosted its position in Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 539 shares during the period. EQ Wealth Advisors LLC bought a new stake in Verizon Communications during the 4th quarter worth approximately $29,000. Sarver Vrooman Wealth Advisors grew its holdings in Verizon Communications by 173.0% during the 4th 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 last quarter. Finally, Quattro Advisors LLC bought a new position in shares of Verizon Communications during the fourth quarter valued at $30,000. 62.06% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Verizon Communications
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
Verizon Communications Trading Down 2.3%
Verizon Communications (NYSE:VZ – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The company had revenue of $34.25 billion for the quarter, compared to analysts’ expectations of $35.16 billion. During the same quarter in the prior year, the firm earned $1.22 EPS. The business’s revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Analysts expect that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.
Verizon Communications Dividend Announcement
The company also recently disclosed 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. This represents a $2.83 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Friday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is 73.70%.
Analyst Ratings Changes
A number of analysts recently weighed in on VZ shares. Royal Bank Of Canada increased their price objective on Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Monday. Erste Group Bank reaffirmed a “hold” rating on shares of Verizon Communications in a research note on Tuesday, May 5th. Dbs Bank downgraded shares of Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Morgan Stanley upped 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 note on Monday. Finally, Freedom Capital upgraded shares of Verizon Communications to a “hold” rating in a report on Friday, June 12th. Nine research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.84.
View Our Latest Analysis on Verizon Communications
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.
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