Stableford Capital II LLC Purchases 21,346 Shares of Verizon Communications Inc. $VZ

Stableford Capital II LLC lifted its position in Verizon Communications Inc. (NYSE:VZ) by 491.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,686 shares of the cell phone carrier’s stock after purchasing an additional 21,346 shares during the period. Stableford Capital II LLC’s holdings in Verizon Communications were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in Verizon Communications by 4,016.0% in the 2nd quarter. California State Teachers Retirement System now owns 271,369,762 shares of the cell phone carrier’s stock worth $11,489,796,000 after buying an additional 264,776,704 shares during the period. Norges Bank bought a new stake in Verizon Communications during the fourth quarter valued at about $2,357,158,000. Bank of America Corp DE lifted its position in shares of Verizon Communications by 15.4% in the first 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 acquiring an additional 8,289,877 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Verizon Communications by 31.2% in the fourth quarter. Bank of New York Mellon Corp now owns 31,584,162 shares of the cell phone carrier’s stock valued at $1,286,423,000 after acquiring an additional 7,509,055 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Verizon Communications by 3.5% in the fourth quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier’s stock worth $9,080,810,000 after acquiring an additional 7,461,335 shares during the period. 62.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Verizon Communications

In related news, CEO Kyle Malady sold 1,100 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total value of $55,550.00. Following the sale, the chief executive officer owned 107,666 shares in the company, valued at approximately $5,437,133. The trade was a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,300 shares of company stock valued at $164,164 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on VZ shares. Freedom Capital upgraded Verizon Communications to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research note on Wednesday, August 26th. Barclays increased their price objective on shares of Verizon Communications from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Royal Bank Of Canada lifted 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. Finally, BNP Paribas Exane lowered their target price on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Verizon Communications presently has an average rating of “Hold” and a consensus price target of $50.97.

Key Headlines Impacting Verizon Communications

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

• Positive Sentiment: Verizon signed a multibillion-dollar supply agreement with Corning for high-density optical fiber running through 2032. The commitment is intended to expand broadband access and strengthen infrastructure for rising AI-related data traffic, providing greater long-term visibility for Verizon’s network buildout. Verizon signs optical fiber deal with Corning to expand broadband, support AI growth
• Positive Sentiment: The agreement reportedly covers approximately 80 million miles of fiber and could help Verizon meet growing demand for consumer broadband, business connectivity and converged services. Investors may view the deal as supporting customer growth and reinforcing Verizon’s competitive position in infrastructure tied to AI demand. Verizon Just Locked In 80 Million Miles of Fiber Through 2032
• Neutral Sentiment: The deal’s strategic benefits are clear, but the articles do not disclose its precise financial terms. Verizon will likely need to commit substantial capital and operating resources, so the effect on margins, free cash flow and returns will depend on execution and broadband subscriber growth. Verizon, Corning Reach Multi-Billion Dollar Agreement for Broadband Expansion
• Negative Sentiment: Some market commentary points to investors rotating away from defensive, high-yield telecommunications stocks after Verizon’s strong run. Brokerages maintain a consensus “Hold” recommendation, suggesting much of the recent recovery may already be reflected in the share price. Shift Away from Defensive Plays Hits Verizon Communications

Verizon Communications Price Performance

Shares of Verizon Communications stock opened at $50.40 on Wednesday. The firm has a market cap of $209.40 billion, a PE ratio of 13.12, a PEG ratio of 1.70 and a beta of 0.26. The stock has a 50 day moving average of $46.61 and a 200 day moving average of $47.50. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The business had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The company’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. On average, research analysts expect that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

Verizon Communications Profile

Verizon Communications Inc is a telecommunications company that provides wireless communications, broadband, and related technology services. Its offerings include mobile voice and data plans, 5G connectivity, fixed wireless access, fiber-optic internet through Verizon Fios, home services, and connected-device solutions.

Through Verizon Business, the company serves enterprises, government agencies, and other organizations with communications networks, managed connectivity, cybersecurity, cloud and edge-computing services, unified communications, and Internet of Things solutions.