Axxcess Wealth Management LLC Lowers Holdings in Verizon Communications Inc. $VZ

Axxcess Wealth Management LLC reduced its position in Verizon Communications Inc. (NYSE:VZ) by 27.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,170 shares of the cell phone carrier’s stock after selling 67,909 shares during the period. Axxcess Wealth Management LLC’s holdings in Verizon Communications were worth $8,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Verizon Communications by 61.2% in the 4th quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock valued at $1,759,000 after acquiring an additional 16,704 shares during the period. United Bank increased its holdings in shares of Verizon Communications by 11.5% in the 2nd quarter. United Bank now owns 7,843 shares of the cell phone carrier’s stock valued at $339,000 after acquiring an additional 806 shares during the last quarter. Jump Financial LLC raised its holdings in Verizon Communications by 312.0% during the second quarter. Jump Financial LLC now owns 23,639 shares of the cell phone carrier’s stock worth $1,023,000 after purchasing an additional 17,901 shares in the last quarter. HUB Investment Partners LLC increased its position in Verizon Communications by 17.2% during the second quarter. HUB Investment Partners LLC now owns 41,121 shares of the cell phone carrier’s stock worth $1,779,000 after buying an additional 6,034 shares during the period. Finally, Vivaldi Capital Management LP raised its position in Verizon Communications by 5.2% in the 2nd quarter. Vivaldi Capital Management LP now owns 8,993 shares of the cell phone carrier’s stock valued at $389,000 after purchasing an additional 443 shares during the last quarter. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Verizon Communications

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

• Positive Sentiment: Verizon’s recent moves to bolster growth — including broadband expansion, AI initiatives, convergence strategy, and a new BT joint venture tied to international enterprise revenue — are being viewed as supportive of the long-term outlook. Is Verizon Communications (VZ) Below Fair Value As The BT Joint Venture Raises Fresh Questions?
• Positive Sentiment: Verizon also continues to attract dividend-focused investors, with coverage highlighting it as a high-yield stock and an income candidate, while the company recently won nearly $3.2 billion in FCC wireless spectrum licenses that could strengthen its network position. Is Verizon Communications Inc. (VZ) The Best Dividend Stock to Buy According to Hedge Funds?
• Positive Sentiment: Analyst commentary suggests the broader telecom sector may be relatively insulated from Starlink-related pressure, which could help sentiment toward wireless names like Verizon. SpaceX Risk to Telecom Sector ‘Feels Overdone,’ for Now, Analyst Says

Verizon Communications Stock Performance

Shares of VZ stock opened at $42.58 on Wednesday. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The business has a 50 day simple moving average of $46.38 and a 200 day simple moving average of $45.97. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.64 and a quick ratio of 0.61. The firm has a market capitalization of $177.80 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.02 and a beta of 0.26.

Verizon Communications (NYSE:VZ) last released its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 EPS for the quarter, beating the consensus estimate of $1.21 by $0.07. The firm had revenue of $34.44 billion for the quarter, compared to analysts’ expectations of $34.82 billion. Verizon Communications had a net margin of 12.46% and a return on equity of 19.25%. Verizon Communications’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. On average, equities research analysts anticipate that Verizon Communications Inc. will post 4.98 EPS for the current year.

Verizon Communications Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 10th will be given a $0.7075 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.83 dividend on an annualized basis and a yield of 6.6%. Verizon Communications’s dividend payout ratio is presently 69.02%.

Wall Street Analysts Forecast Growth

VZ has been the topic of several analyst reports. Barclays lifted their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. raised their target price on shares of Verizon Communications from $49.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Citigroup increased their price objective on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Verizon Communications in a research note on Friday, May 29th. Finally, Dbs Bank cut Verizon Communications from a “moderate buy” rating to a “hold” rating in a report on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $50.59.

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.