Buck Wealth Strategies LLC Has $11.99 Million Stock Holdings in Verizon Communications Inc. $VZ

Buck Wealth Strategies LLC lifted its holdings in Verizon Communications Inc. (NYSE:VZ) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 294,449 shares of the cell phone carrier’s stock after purchasing an additional 29,398 shares during the quarter. Verizon Communications comprises about 1.5% of Buck Wealth Strategies LLC’s holdings, making the stock its 26th biggest holding. Buck Wealth Strategies LLC’s holdings in Verizon Communications were worth $11,993,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Foster Dykema Cabot & Partners LLC bought a new position in shares of Verizon Communications in the third quarter valued at about $29,000. Strengthening Families & Communities LLC raised its holdings in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares during the last quarter. Holos Integrated Wealth LLC bought a new position in shares of Verizon Communications in the fourth quarter valued at about $28,000. EQ Wealth Advisors LLC bought a new position in shares of Verizon Communications in the fourth quarter valued at about $29,000. Finally, Richardson Capital Management LLC bought a new position in shares of Verizon Communications in the third quarter valued at about $35,000. 62.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Verizon Communications news, Director Hans Erik Vestberg sold 200,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $7,196,873.09. This represents a 57.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s 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 transaction, the senior vice president directly owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This trade represents a 16.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.03% of the company’s stock.

Verizon Communications Price Performance

Shares of VZ opened at $47.21 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.61 and a current ratio of 0.64. The stock has a 50 day simple moving average of $48.81 and a 200 day simple moving average of $44.20. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The firm has a market capitalization of $197.12 billion, a PE ratio of 11.51, a P/E/G ratio of 0.99 and a beta of 0.24.

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

Trending Headlines about Verizon Communications

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

• Positive Sentiment: Verizon will have CEO Dan Schulman speak at two upcoming investor conferences, giving management a chance to outline strategy, answer questions on the business outlook, and potentially reinforce confidence in the company’s execution. Verizon to Speak at Upcoming Investor Conferences
• Positive Sentiment: Erste Group raised its FY2026 EPS estimate for Verizon to $4.96 from $4.92, signaling slightly better earnings expectations and suggesting analysts see stable fundamentals ahead. Verizon Communications (VZ) Surged from Excellent Execution
• Positive Sentiment: Verizon’s broader fiber expansion and buyback plans continue to support the investment case, as the company now has a larger fiber footprint and a $25 billion repurchase authorization that can help offset share dilution and support per-share metrics. Verizon Weighs Frontier Fiber Expansion Against Buybacks And Cost Cuts
• Neutral Sentiment: Verizon also confirmed a few hundred job cuts as part of an ongoing operational revamp. The move supports cost discipline, but it is not large enough on its own to materially change the near-term earnings outlook. Verizon cutting a few hundred jobs nationwide

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VZ shares. KeyCorp reaffirmed a “sector weight” rating on shares of Verizon Communications in a report on Monday, January 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $48.00 price target on shares of Verizon Communications in a report on Monday, February 2nd. Citigroup boosted their price objective on Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Royal Bank Of Canada boosted their price objective on Verizon Communications from $44.00 to $48.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. Finally, Morgan Stanley boosted their price objective on Verizon Communications from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.59.

Verizon Communications Profile

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.