Geode Capital Management LLC Acquires 867,694 Shares of Verizon Communications Inc. $VZ

Geode Capital Management LLC boosted its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 102,632,509 shares of the cell phone carrier’s stock after buying an additional 867,694 shares during the period. Geode Capital Management LLC’s holdings in Verizon Communications were worth $4,168,080,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Verizon Communications by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock valued at $15,453,058,000 after buying an additional 5,497,598 shares in the last quarter. State Street Corp raised its position in shares of Verizon Communications by 3.5% during 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 raised its position in shares of Verizon Communications by 1.2% during 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 raised its position in shares of Verizon Communications by 4.5% during 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. raised its position in shares of Verizon Communications by 2.9% during 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. Institutional investors own 62.06% of the company’s stock.

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction 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 directly owned 43,782 shares in the company, valued at approximately $2,189,100. This represents a 16.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

VZ has been the topic of several analyst reports. Citigroup boosted their target price on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Oppenheimer boosted their target price on Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Erste Group Bank reissued a “hold” rating on shares of Verizon Communications in a research report on Tuesday, May 5th. JPMorgan Chase & Co. increased their target price on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $56.00 target price on shares of Verizon Communications in a research note on Thursday, March 12th. One investment 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, Verizon Communications presently has a consensus rating of “Moderate Buy” and an average price target of $50.59.

More Verizon Communications News

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

• Positive Sentiment: Verizon is part of a proposed satellite direct-to-device venture with AT&T and T-Mobile, a move that could help expand coverage, reduce dead zones, and improve emergency communications capabilities. T-Mobile Joins Rivals On Satellite Venture With Shares Below Targets
• Positive Sentiment: Investor attention remains elevated after Verizon’s last earnings report, where the company beat EPS estimates, supporting confidence in its cash generation and wireless business. Why Is Verizon (VZ) Up 2.7% Since Last Earnings Report?
• Neutral Sentiment: Verizon continues to show up on trader screens and stock-watch lists, suggesting the market is still focused on its upcoming catalysts rather than any single major new development. Here is What to Know Beyond Why Verizon Communications Inc. (VZ) is a Trending Stock
• Neutral Sentiment: Sector commentary around 5G, AI connectivity, and telecom infrastructure may be giving Verizon some broader support, but these themes are more long-term than immediate stock-moving news. AI Can’t Reach the Real World Without These 3 Stocks
• Neutral Sentiment: Articles discussing a broader fleet-telematics market expansion are not specific to Verizon, so any stock impact is likely indirect at best. Fleet Telematics Market Forecast

Verizon Communications Price Performance

VZ opened at $48.30 on Thursday. The business has a fifty day moving average of $48.01 and a 200 day moving average of $44.99. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.38. The stock has a market cap of $201.70 billion, a P/E ratio of 11.78, a PEG ratio of 1.16 and a beta of 0.24.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data 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. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The company had revenue of $34.44 billion during the quarter, compared to analysts’ expectations of $34.82 billion. During the same quarter in the previous year, the business earned $1.19 EPS. Verizon Communications’s 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. As a group, sell-side analysts anticipate that Verizon Communications Inc. will post 4.96 EPS for the current year.

Verizon Communications Company 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.