Security National Bank of Sioux City Iowa IA Increases Holdings in Verizon Communications Inc. $VZ

Security National Bank of Sioux City Iowa IA grew its holdings in Verizon Communications Inc. (NYSE:VZ) by 33.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 63,011 shares of the cell phone carrier’s stock after acquiring an additional 15,714 shares during the quarter. Verizon Communications comprises 1.1% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 28th biggest holding. Security National Bank of Sioux City Iowa IA’s holdings in Verizon Communications were worth $2,668,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of Verizon Communications by 3.5% during the 4th quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier’s stock worth $9,080,810,000 after buying an additional 7,461,335 shares during the last quarter. Geode Capital Management LLC raised its stake in Verizon Communications by 0.9% during 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. Bank of America Corp DE lifted its position in Verizon Communications by 15.4% in the first 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. Norges Bank purchased a new stake in Verizon Communications in the fourth quarter valued at $2,357,158,000. Finally, Bank of New York Mellon Corp boosted its stake in Verizon Communications by 20.8% in the first 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 acquiring an additional 6,580,820 shares in the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Insider Transactions at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 1,100 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $49.98, for a total transaction of $54,978.00. Following the completion of the transaction, the chief executive officer owned 106,566 shares in the company, valued at approximately $5,326,168.68. This represents a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 4,400 shares of company stock valued at $219,142. Insiders own 0.03% of the company’s stock.

Verizon Communications Stock Performance

VZ traded down $0.26 on Friday, hitting $48.07. 45,484,229 shares of the company traded hands, compared to its average volume of 27,448,422. The company has a 50 day moving average of $47.70 and a 200-day moving average of $47.54. 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 stock has a market capitalization of $199.72 billion, a PE ratio of 12.52, a PEG ratio of 1.69 and a beta of 0.26. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68.

Verizon Communications (NYSE:VZ) last announced its earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The company had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. During the same period last year, the business posted $1.22 EPS. The company’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. Sell-side analysts anticipate that Verizon Communications Inc. will post 5.03 earnings per share for the current year.

Verizon Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be paid a $0.7075 dividend. This represents a $2.83 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, October 9th. Verizon Communications’s payout ratio is currently 73.70%.

Key Headlines Impacting Verizon Communications

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

• Positive Sentiment: Verizon continues to offer a substantial income return, maintaining its $0.7075 quarterly dividend, or $2.83 annualized. The next payment is scheduled for November 2, 2026. The roughly 5.6% yield may help support the shares among income-focused investors. Verizon’s Dividend Story: Reliable Income with Gradual Growth
• Positive Sentiment: Analysts and investors continue to point to Verizon’s turnaround under CEO Dan Schulman, with the Frontier Communications acquisition expanding its fiber broadband footprint. The company’s steady cash flow and telecommunications scale remain supportive of its valuation and dividend strategy. Is Verizon the Year’s Best Telecom Stock?
• Positive Sentiment: Verizon is launching Siyata PTT’s rugged SD7 Ultra 5G push-to-talk handset for mission-critical customers. The partnership broadens Verizon’s enterprise and public-safety communications offerings, although the near-term financial impact is likely limited. Siyata PTT and Verizon to Launch SD7 Ultra 5G Push-to-Talk Handset
• Neutral Sentiment: Apple’s higher iPhone 18 pricing could affect upgrade demand, trade-in values and customer financing economics across Verizon, AT&T and T-Mobile. The impact on Verizon is uncertain and depends on how customers respond to the increased device costs. How Apple’s iPhone 18 price increases impact your trade-in value
• Negative Sentiment: Verizon recently underperformed its telecommunications peers and fell while the broader market moved higher, indicating renewed investor caution. Earlier results also showed an earnings-per-share beat but revenue below expectations and a year-over-year revenue decline, highlighting ongoing growth concerns. Verizon Stock Falls Amid Market Uptick

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VZ. TD Cowen raised their price objective on Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Barclays raised their price target on Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. BNP Paribas Exane cut their price target on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Scotiabank increased their price objective on Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a report on Monday, July 27th. Finally, Freedom Capital upgraded shares of Verizon Communications to a “hold” rating in a research report on Friday, June 12th. Eight equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.97.

About Verizon Communications

Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and related technology services. Its offerings include mobile voice and data plans, 5G connectivity, fixed wireless access, fiber-optic internet through Verizon Fios, home services, and connected-device solutions.

Through Verizon Business, the company serves enterprises, government agencies, and other organizations with communications networks, managed connectivity, cybersecurity, cloud and edge-computing services, unified communications, and Internet of Things solutions.