Leo Wealth LLC Makes New $2.34 Million Investment in Verizon Communications Inc. $VZ

Leo Wealth LLC acquired a new stake in shares of Verizon Communications Inc. (NYSE:VZ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 51,091 shares of the cell phone carrier’s stock, valued at approximately $2,344,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VZ. Bank of America Corp DE lifted its holdings 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 buying an additional 8,289,877 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Verizon Communications by 14.1% in the 2nd 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 valued at $1,743,274,000 after buying an additional 5,075,794 shares in the last quarter. Bank of New York Mellon Corp increased its holdings 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 worth $1,915,882,000 after buying an additional 6,580,820 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Verizon Communications by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 32,734,998 shares of the cell phone carrier’s stock worth $1,643,339,000 after buying an additional 1,972,634 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in Verizon Communications by 6.7% in the second quarter. Deutsche Bank AG now owns 20,882,074 shares of the cell phone carrier’s stock worth $884,147,000 after buying an additional 1,305,471 shares during the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Insider Activity at Verizon Communications

In other news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $44.48, for a total value of $48,928.00. Following the transaction, the chief executive officer owned 99,966 shares of the company’s stock, valued at $4,446,487.68. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,900 shares of company stock valued at $469,073 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Key Headlines Impacting Verizon Communications

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 Stock Performance

VZ opened at $43.18 on Tuesday. The company has a market cap of $179.39 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.70 and a beta of 0.26. The stock has a 50-day moving average of $47.54 and a 200-day moving average of $46.65. Verizon Communications Inc. has a 52-week low of $38.68 and a 52-week high of $51.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.57 and a current ratio of 0.60.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Monday, October 26th. The cell phone carrier reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. The business had revenue of $34.31 billion for the quarter, compared to analyst estimates of $34.77 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. As a group, equities research analysts forecast that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research report on Monday, July 27th. Morgan Stanley boosted their target price on shares of Verizon Communications from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, July 27th. Barclays increased their price target on shares of Verizon Communications from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. TD Cowen increased their price target on shares of Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Moffett Nathanson cut their price target on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.80.

Verizon Communications Company Profile

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.