CORDA Investment Management LLC. lowered its holdings in Verizon Communications Inc. (NYSE:VZ – Free Report) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 792,786 shares of the cell phone carrier’s stock after selling 14,455 shares during the period. Verizon Communications accounts for 2.5% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 17th biggest position. CORDA Investment Management LLC.’s holdings in Verizon Communications were worth $34,843,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in Verizon Communications by 61.2% during the fourth quarter. Brighton Jones LLC now owns 43,986 shares of the cell phone carrier’s stock worth $1,759,000 after purchasing an additional 16,704 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Verizon Communications by 27.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,084,780 shares of the cell phone carrier’s stock worth $48,748,000 after buying an additional 231,671 shares during the last quarter. Modern Wealth Management LLC raised its position in shares of Verizon Communications by 15.4% in the 1st quarter. Modern Wealth Management LLC now owns 49,897 shares of the cell phone carrier’s stock worth $2,263,000 after buying an additional 6,676 shares during the period. Cullen Investment Group LTD. raised its position in shares of Verizon Communications by 3.1% in the 2nd quarter. Cullen Investment Group LTD. now owns 177,150 shares of the cell phone carrier’s stock worth $7,665,000 after buying an additional 5,294 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV boosted its holdings in Verizon Communications by 9.7% in the second quarter. Rowlandmiller & PARTNERS.ADV now owns 193,103 shares of the cell phone carrier’s stock valued at $8,356,000 after acquiring an additional 17,082 shares during the last quarter. 62.06% of the stock is currently owned by hedge funds and other institutional investors.
Verizon Communications Stock Down 0.3%
NYSE VZ opened at $40.46 on Friday. The stock has a market cap of $170.59 billion, a PE ratio of 8.65, a P/E/G ratio of 3.52 and a beta of 0.34. The business has a 50 day moving average price of $40.54 and a two-hundred day moving average price of $41.88. Verizon Communications Inc. has a fifty-two week low of $37.58 and a fifty-two week high of $47.35. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.19.
Verizon Communications Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, January 12th. Verizon Communications’s payout ratio is presently 58.97%.
Key Headlines Impacting Verizon Communications
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Unusually large call buying — Investors purchased ~276,566 call options on VZ Friday (≈+278% vs. typical volume), signaling short-term bullish bets or hedging ahead of catalysts. This elevated options flow can increase near-term upside trading interest.
- Positive Sentiment: Outpacing the wireless industry — Zacks highlights VZ outperforming peers over the past year thanks to 5G upgrades, network slicing and new partnerships, suggesting operational momentum that could support longer‑term revenue growth. Article Title
- Positive Sentiment: Near-term market beat — Zacks also notes VZ outpaced the broader market on Jan. 8, reflecting supportive sentiment from investors reacting to recent operational/news items. Article Title
- Positive Sentiment: Product/IoT initiatives highlighted — Coverage on Verizon’s event perks and Industrial IoT push points to potential revenue diversification beyond consumer wireless, a positive catalyst if adoption accelerates. Article Title
- Positive Sentiment: High‑yield appeal — The Motley Fool recommends VZ as a top high‑yield dividend stock (yield ~7%), which can attract income-focused investors, especially if rate cuts materialize. Article Title
- Neutral Sentiment: Macro rate narrative — Commentary that the Fed should cut rates this year could be supportive for high‑yield telecoms like VZ if realized, but this is speculative and timing/scale of cuts remain uncertain. Article Title
- Negative Sentiment: Job‑cut chatter and dividend concerns — Social media summaries report large workforce reductions and debate over dividend sustainability ahead of earnings, raising short‑term sentiment risk and questions about execution and cost structure. Article Title
- Negative Sentiment: New 12‑month low flagged — Coverage noting VZ reached a new 12‑month low raises caution for momentum investors and underscores current downside pressure for the stock. Article Title
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on VZ shares. JPMorgan Chase & Co. cut their price objective on Verizon Communications from $49.00 to $47.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. BNP Paribas Exane downgraded shares of Verizon Communications from an “outperform” rating to a “neutral” rating and set a $44.00 target price for the company. in a research report on Tuesday, October 21st. TD Cowen reduced their price target on shares of Verizon Communications from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Scotiabank boosted their price objective on shares of Verizon Communications from $50.50 to $51.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Finally, BNP Paribas lowered shares of Verizon Communications from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.47.
Check Out Our Latest Report on Verizon Communications
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.
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