Verizon Communications Inc. $VZ Shares Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC boosted its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 599.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,745 shares of the cell phone carrier’s stock after purchasing an additional 40,063 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Verizon Communications were worth $2,054,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VZ. McLean Asset Management Corp increased its holdings in Verizon Communications by 2.9% in the 3rd quarter. McLean Asset Management Corp now owns 8,571 shares of the cell phone carrier’s stock worth $355,000 after acquiring an additional 243 shares in the last quarter. Red Spruce Capital LLC lifted its holdings in Verizon Communications by 0.3% during the third quarter. Red Spruce Capital LLC now owns 71,541 shares of the cell phone carrier’s stock valued at $3,144,000 after purchasing an additional 246 shares in the last quarter. Camden National Bank lifted its holdings in Verizon Communications by 4.6% during the second quarter. Camden National Bank now owns 5,666 shares of the cell phone carrier’s stock valued at $245,000 after purchasing an additional 248 shares in the last quarter. Cascade Financial Partners LLC grew its position in shares of Verizon Communications by 3.5% in the third quarter. Cascade Financial Partners LLC now owns 7,318 shares of the cell phone carrier’s stock valued at $322,000 after purchasing an additional 250 shares during the period. Finally, Monetary Management Group Inc. grew its position in shares of Verizon Communications by 0.8% in the second quarter. Monetary Management Group Inc. now owns 30,400 shares of the cell phone carrier’s stock valued at $1,315,000 after purchasing an additional 250 shares during the period. 62.06% of the stock is owned by institutional investors and hedge funds.

More Verizon Communications News

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

• Positive Sentiment: Q4/earnings + guidance — Verizon beat Q4 EPS estimates and set FY2026 EPS guidance of $4.90–$4.95, reinforcing cash flow and dividend coverage that investors prize. This underpins the stock’s recent upward move and supports dividend-focused buying. MarketBeat VZ overview
• Positive Sentiment: Analyst upgrade/price target lift — Oppenheimer set a new $56 price target on VZ, suggesting upside from current levels and giving investors confidence in consensus estimates and valuation support. Oppenheimer price target
• Positive Sentiment: Partnership/enterprise traction — Coverage of Kodiak AI’s milestones highlights expanded partnerships with Verizon, signaling enterprise & network monetization opportunities beyond core wireless services. That diversification can boost long-term revenue potential. Kodiak AI partnership mention
• Neutral Sentiment: Subscriber momentum — Analysts note solid postpaid phone adds and fixed wireless subscriber growth, which improve churn and lifetime value but have yet to fully translate into stronger service revenue growth. This is constructive for ARPU stability and churn metrics. Zacks subscriber growth article
• Negative Sentiment: Revenue ceiling risk — Despite subscriber gains, analysts and company commentary expect wireless service revenues to remain roughly flat near-term, which could cap share-price upside until service revenue or margin expansion resumes. Zacks revenue outlook
• Neutral Sentiment: Dividend/resilience narrative — Coverage highlighting Verizon as a high-yield, U.S.-focused defensive stock has driven demand from income-focused investors amid geopolitical volatility; this supports a higher valuation multiple relative to risk-off peers. MarketBeat dividend safe-haven piece

Verizon Communications Stock Performance

VZ opened at $51.36 on Monday. The firm has a market capitalization of $216.60 billion, a PE ratio of 12.68, a PEG ratio of 2.15 and a beta of 0.30. Verizon Communications Inc. has a twelve month low of $38.39 and a twelve month high of $51.67. The firm’s 50-day moving average price is $45.41 and its 200 day moving average price is $42.81. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 1.32.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $36.38 billion during the quarter, compared to analysts’ expectations of $36.20 billion. Verizon Communications had a net margin of 12.43% and a return on equity of 19.03%. Verizon Communications’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. As a group, sell-side analysts expect that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Friday, April 10th will be given a $0.7075 dividend. This represents a $2.83 dividend on an annualized basis and a dividend yield of 5.5%. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, April 10th. Verizon Communications’s dividend payout ratio (DPR) is currently 68.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Oppenheimer upped their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 11th. Morgan Stanley lifted their price objective on Verizon Communications from $47.00 to $49.00 and gave the stock an “equal weight” rating in a report on Monday, February 2nd. Scotiabank upgraded Verizon Communications from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $50.25 to $54.50 in a research note on Monday, March 9th. William Blair upgraded Verizon Communications to an “outperform” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.03.

Insider Activity at Verizon Communications

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the completion of the sale, the senior vice president owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 218,148 shares of company stock valued at $10,780,356. 0.10% of the stock is currently owned by insiders.

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.