Parallel Advisors LLC Has $6.15 Million Holdings in Verizon Communications Inc. $VZ

Parallel Advisors LLC cut its position in shares of Verizon Communications Inc. (NYSE:VZ) by 12.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 151,101 shares of the cell phone carrier’s stock after selling 20,642 shares during the quarter. Parallel Advisors LLC’s holdings in Verizon Communications were worth $6,154,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Verizon Communications by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock worth $15,453,058,000 after purchasing an additional 5,497,598 shares during the period. State Street Corp grew its holdings in Verizon Communications by 3.5% in the third quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock worth $9,470,788,000 after purchasing an additional 7,276,809 shares during the period. Geode Capital Management LLC grew its holdings in Verizon Communications by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier’s stock worth $4,168,080,000 after purchasing an additional 867,694 shares during the period. Norges Bank acquired a new stake in Verizon Communications in the fourth quarter worth $2,357,158,000. Finally, Northern Trust Corp grew its holdings in Verizon Communications by 1.2% in the third quarter. Northern Trust Corp now owns 45,265,695 shares of the cell phone carrier’s stock worth $1,989,427,000 after purchasing an additional 557,576 shares during the period. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VZ has been the subject of a number of research reports. Oppenheimer raised their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Wednesday, March 11th. Wells Fargo & Company raised their price target on shares of Verizon Communications from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a report on Friday, May 29th. Citigroup raised their price target on shares of Verizon Communications from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Finally, Raymond James Financial restated an “outperform” rating and issued a $56.00 price target on shares of Verizon Communications in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.59.

Verizon Communications News Roundup

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

• Positive Sentiment: Verizon declared a quarterly dividend of $0.7075 per share, reinforcing its reputation as a high-yield income stock and signaling stable cash returns to shareholders. Verizon declares quarterly dividend on June 4, 2026
• Positive Sentiment: Recent commentary noted Verizon has outperformed over the past several months on the back of subscriber gains, broadband growth, and AI-related initiatives, which may support the stock’s longer-term narrative. VZ Shares Rise 8.6% in Six Months: What’s the Next Move for Investors?
• Neutral Sentiment: Several market pieces focused on Verizon’s valuation and dividend appeal, with some arguing the stock is still compelling for income investors while others question whether the upside is limited. Forget Wall Street’s Ultimate Telecom Value Trap and Buy the Real Free Cash Flow King
• Neutral Sentiment: Verizon’s debt tender and exchange offers, along with broader capital-priority discussion, suggest management is actively managing leverage and liquidity, but the move is not an immediate fundamental catalyst. Do Verizon (VZ) Debt Tenders and Dividend Steadiness Hint at a Shifting Capital Priorities Playbook?
• Negative Sentiment: The Supreme Court’s decision in the FCC dispute increases Verizon’s regulatory risk and could lead to continued fines or enforcement actions, weighing on investor sentiment. US Supreme Court backs FCC in clash with wireless carriers over fines
• Negative Sentiment: Competitive pressure from Starlink and concerns about Verizon’s store/customer backlash have widened skepticism about the company’s growth outlook and valuation. Verizon Confronts Store Backlash And Starlink Threat As Valuation Gap Widens

Verizon Communications Stock Up 1.2%

Shares of NYSE VZ opened at $45.39 on Friday. Verizon Communications Inc. has a 1 year low of $38.39 and a 1 year high of $51.68. The stock has a market capitalization of $189.53 billion, a P/E ratio of 11.07, a P/E/G ratio of 1.07 and a beta of 0.24. The company has a 50-day moving average price of $47.55 and a 200-day moving average price of $45.27. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. The business had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. During the same period in the previous year, the company earned $1.19 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts forecast that Verizon Communications Inc. will post 4.97 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Friday, July 10th will be issued a dividend of $0.7075 per share. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a yield of 6.2%. Verizon Communications’s payout ratio is 69.02%.

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.