Intrust Bank NA Sells 10,649 Shares of Verizon Communications Inc. $VZ

Intrust Bank NA cut its holdings in Verizon Communications Inc. (NYSE:VZ) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,424 shares of the cell phone carrier’s stock after selling 10,649 shares during the period. Intrust Bank NA’s holdings in Verizon Communications were worth $2,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of 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 increased its position 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 valued at $9,470,788,000 after buying an additional 7,276,809 shares in the last quarter. Northern Trust Corp increased its position 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 valued at $1,989,427,000 after buying an additional 557,576 shares in the last quarter. Legal & General Group Plc increased its position 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 valued at $1,238,866,000 after buying an additional 1,203,445 shares in the last quarter. Finally, Invesco Ltd. increased its position in Verizon Communications by 2.9% in the 3rd quarter. Invesco Ltd. now owns 22,592,460 shares of the cell phone carrier’s stock valued at $992,939,000 after buying an additional 646,537 shares in the last quarter. 62.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on VZ. Dbs Bank lowered Verizon Communications from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 7th. KeyCorp reaffirmed a “sector weight” rating on shares of Verizon Communications in a research report on Monday, January 26th. William Blair raised Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. Williams Trading set a $54.00 target price on Verizon Communications in a research report on Monday, February 2nd. Finally, Barclays boosted their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

Verizon Communications Price Performance

VZ stock opened at $47.77 on Wednesday. The company has a market capitalization of $199.45 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.24. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The business has a 50-day simple moving average of $48.31 and a two-hundred day simple moving average of $44.62.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.07. The business had revenue of $34.44 billion during the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Research analysts expect that Verizon Communications Inc. will post 4.96 EPS for the current fiscal year.

Insider Transactions at Verizon Communications

In other Verizon Communications news, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the completion of the transaction, the director owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the transaction, the senior vice president owned 43,782 shares of the company’s stock, valued at $2,189,100. This trade represents a 16.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is currently owned by insiders.

Key Stories Impacting Verizon Communications

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

• Positive Sentiment: Verizon said it added postpaid phone customers for the first time since 2013, while broadband growth and the Frontier deal are helping retention and supporting the consumer segment. VZ Gains From Solid Traction in the Consumer Segment: Will it Sustain?
• Positive Sentiment: Verizon is being highlighted as an attractive undervalued dividend stock, reinforcing its appeal for income-oriented investors. Is Verizon Communications (VZ) One of the Top 12 Undervalued Dividend Stocks to Buy Now?
• Positive Sentiment: The FCC approved Verizon’s spectrum-related move, and the company is also part of a new satellite-based mobile coverage initiative that could help reduce dead zones and improve network reach over time. T-Mobile US Joins Rivals On Satellite Push To Extend Coverage Story
• Neutral Sentiment: Verizon’s annual Data Breach Investigations Report drew broad media attention, but it is mainly a research publication and not a direct business catalyst for the stock. AI-related data breaches surpass stolen credentials in cyber incidents, Verizon report says
• Neutral Sentiment: Comparisons with AT&T and valuation-focused commentary are keeping Verizon in the spotlight, but these pieces mostly reinforce the company’s steady revenue profile rather than adding a new fundamental catalyst. AT&T vs Verizon. One of These Telecoms Has Raised Its Dividend 20 Straight Times and the Market Is Finally Noticing
• Negative Sentiment: Some market commentary continues to flag Verizon as a potentially risky Dow stock, reflecting lingering concerns about growth and the telecom sector’s maturity. 3 Dow Jones Stocks We Find Risky

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.