Evergreen Capital Management LLC Sells 18,129 Shares of Verizon Communications Inc. $VZ

Evergreen Capital Management LLC trimmed its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 34.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 35,236 shares of the cell phone carrier’s stock after selling 18,129 shares during the quarter. Evergreen Capital Management LLC’s holdings in Verizon Communications were worth $1,435,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. TruNorth Capital Management LLC lifted its position in shares of Verizon Communications by 95.3% during the 3rd quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock valued at $27,000 after acquiring an additional 305 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Verizon Communications during the 3rd quarter valued at $29,000. Holos Integrated Wealth LLC bought a new stake in shares of Verizon Communications during the 4th quarter valued at $28,000. Richardson Capital Management LLC bought a new stake in shares of Verizon Communications during the 3rd quarter valued at $35,000. Finally, Daytona Street Capital LLC bought a new stake in shares of Verizon Communications during the 4th quarter valued at $33,000. 62.06% of the stock is currently owned by institutional investors.

Verizon Communications News Roundup

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

• Positive Sentiment: Verizon expanded its Frontline Network Slice to compatible laptops, tablets and smartphones, strengthening its value proposition for government and first‑responder contracts and differentiating its enterprise/resiliency offerings. Verizon Frontline Network Slice available for laptops, tablets and smartphones nationwide
• Positive Sentiment: Coverage highlighting Verizon’s high dividend yield and defensive income profile keeps income‑oriented buyers interested; analysts and dividend investors view VZ as a steady telecom income play. AT&T vs. Verizon vs. T-Mobile: Why This 4.4% Yield Is the Steadiest Bet in Telecom.
• Neutral Sentiment: Verizon set its Q1 2026 earnings date for April 27 (webcast at 8:30 a.m. ET); the upcoming report is the main near‑term catalyst and likely explains some of today’s positioning. Verizon to report first-quarter earnings on April 27, 2026
• Neutral Sentiment: Pre‑earnings commentary and preview pieces are weighing Frontier deal progress, 5G and fiber expansion as positives while noting rising competition could cap near‑term upside—this feeds mixed expectations into the tape. Verizon to Report Q1 Earnings: How to Approach the Stock Now?
• Neutral Sentiment: Market headlines noting VZ rose while broader indices dipped signal relative defensive demand rather than company‑specific surprise. Verizon Communications (VZ) Rises As Market Takes a Dip: Key Facts
• Negative Sentiment: Recent data show insider selling activity and large institutional reductions by some asset managers in recent quarters; heavy insider sales and notable fund exits can weigh on sentiment and put pressure on the stock if they continue. Verizon Communications Inc. Schedules First-Quarter 2026 Earnings Report and Webcast
• Negative Sentiment: Satellite and space‑based cellular developments (AST SpaceMobile) are drawing regulatory approvals and industry attention; these could represent longer‑term competitive or partner‑risk dynamics for terrestrial carriers, and recent launch hiccups add uncertainty to any partnership timelines. FCC Grants AST SpaceMobile Commercial Authority to Deliver Direct-to-Device Cellular Broadband from Space

Wall Street Analyst Weigh In

VZ has been the subject of a number of recent analyst reports. KeyCorp reiterated a “sector weight” rating on shares of Verizon Communications in a research report on Monday, January 26th. Wells Fargo & Company upped their target price on Verizon Communications from $41.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Morgan Stanley initiated coverage on Verizon Communications in a research report on Thursday, April 16th. They set an “equal weight” rating and a $49.00 target price for the company. Evercore upped their price objective on Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Verizon Communications presently has a consensus rating of “Moderate Buy” and an average target price of $50.56.

Verizon Communications Price Performance

Shares of VZ opened at $47.23 on Friday. 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 $49.11 and a two-hundred day simple moving average of $43.79. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. The stock has a market cap of $197.43 billion, a PE ratio of 11.66, a PEG ratio of 1.18 and a beta of 0.29.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.03. The company had revenue of $36.38 billion during the quarter, compared to analysts’ expectations of $36.20 billion. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. Analysts anticipate that Verizon Communications Inc. will post 4.9 earnings per share for the current fiscal year.

Verizon Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, April 10th. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.69. Verizon Communications’s dividend payout ratio is currently 69.88%.

Insider Activity at Verizon Communications

In related news, SVP Mary-Lee Stillwell sold 8,569 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $50.00, for a total transaction of $428,450.00. Following the sale, the senior vice president owned 43,782 shares in the company, valued at $2,189,100. This represents a 16.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hans Erik Vestberg sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the completion of the transaction, the director owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 218,148 shares of company stock worth $10,780,356 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

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.