Diamant Asset Management Inc. Grows Holdings in Verizon Communications Inc. $VZ

Diamant Asset Management Inc. raised its stake in Verizon Communications Inc. (NYSE:VZ) by 4,771.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,089,842 shares of the cell phone carrier’s stock after buying an additional 1,067,472 shares during the period. Diamant Asset Management Inc.’s holdings in Verizon Communications were worth $54,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Strengthening Families & Communities LLC increased its position in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 539 shares during the last quarter. Holos Integrated Wealth LLC bought a new stake in Verizon Communications in the 4th quarter worth approximately $28,000. Foster Dykema Cabot & Partners LLC bought a new stake in Verizon Communications in the 3rd quarter worth approximately $29,000. EQ Wealth Advisors LLC purchased a new stake in Verizon Communications in the fourth quarter worth approximately $29,000. Finally, Sarver Vrooman Wealth Advisors boosted its stake in Verizon Communications by 173.0% in the fourth quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock worth $29,000 after buying an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Verizon Communications Stock Performance

Shares of VZ opened at $46.43 on Friday. The company has a 50-day simple moving average of $46.93 and a two-hundred day simple moving average of $45.83. 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 $193.89 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 1.13 and a beta of 0.24. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68.

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

Verizon Communications Dividend Announcement

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 given a dividend of $0.7075 per share. The ex-dividend date is Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 6.1%. Verizon Communications’s payout ratio is currently 69.02%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Freedom Capital raised shares of Verizon Communications to a “hold” rating in a research note on Friday, June 12th. 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. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research report on Friday, May 29th. Wells Fargo & Company upped their price objective on shares of Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Verizon Communications in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.59.

Key Headlines Impacting Verizon Communications

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

• Positive Sentiment: Verizon was a major winner in the FCC’s first spectrum auction in four years, bidding about $3.2 billion for mid-band wireless licenses. The added spectrum could improve network capacity and long-term service quality, which is constructive for Verizon’s growth outlook. Reuters article on Verizon spectrum bids
• Positive Sentiment: Array Digital Infrastructure completed the sale of a portion of its spectrum license to Verizon for $1.0 billion, reinforcing Verizon’s willingness to invest in strategic wireless assets and expand its spectrum position. Yahoo Finance article on Array Digital Infrastructure sale to Verizon
• Positive Sentiment: Analyst commentary and fair-value revisions were mixed but slightly constructive, with one report saying Verizon’s estimated fair value edged higher after revisions. That suggests the market still sees value in the stock despite near-term uncertainties. Yahoo Finance article on Verizon fair value
• Neutral Sentiment: Verizon confirmed it will report second-quarter 2026 earnings on July 24, keeping attention on subscriber trends, wireless pricing, and capital spending plans. GlobeNewswire earnings date announcement
• Negative Sentiment: SpaceX reportedly plans a Starlink mobile service for U.S. consumers and may eventually build its own mobile network, which could intensify competition for Verizon in wireless connectivity and pressure future growth expectations. FT report on SpaceX Starlink mobile service

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.