Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Verizon Communications Inc. (NYSE:VZ)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Verizon Communications Inc. (NYSE:VZ). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Verizon Communications stock on July 17th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Mesabi Trust (NYSE:MSB) on 7/31/2026.
• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.

Verizon Communications Price Performance

VZ stock traded down $0.05 during trading on Tuesday, hitting $50.09. 3,089,198 shares of the stock traded hands, compared to its average volume of 27,523,313. The stock has a market cap of $208.10 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.70 and a beta of 0.26. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The company has a 50 day simple moving average of $46.44 and a 200 day simple moving average of $47.48.

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

More Verizon Communications News

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

• Positive Sentiment: Long-term fiber supply secured: Verizon and Corning agreed to a multibillion-dollar arrangement running through 2032, covering approximately 80 million miles of optical fiber. The supply commitment is intended to support Verizon’s broadband rollout and demand for converged consumer and business services. Verizon, Corning Reach Multi-Billion Dollar Agreement for Broadband Expansion
• Positive Sentiment: Growth beyond wireless: The agreement also supports infrastructure needs tied to broadband and artificial intelligence, potentially helping Verizon expand its internet footprint across more homes and businesses while diversifying growth beyond its traditional wireless operations. Corning Stock Rises on Multi-Billion Dollar Fiber Agreement With Verizon
• Positive Sentiment: Improved investor sentiment: Commentary highlights Verizon’s strong 2026 performance and the stock’s approach toward a 52-week high, with the company’s dividend remaining a central part of its long-term shareholder-return case. Verizon Stock Is Near a 52-Week High. Here’s Why I’m Still Bullish
• Neutral Sentiment: Execution and spending remain important: The fiber commitment improves supply visibility but also represents a substantial, long-term infrastructure undertaking. Investors will look for evidence that broadband additions and new services generate sufficient returns.
• Negative Sentiment: Yield competition and cautious ratings: Higher interest rates have increased the appeal of bonds and other fixed-income investments, potentially reducing demand for high-dividend equities. Brokerages maintain a consensus “Hold” recommendation, suggesting that much of Verizon’s recovery may already be reflected in the stock. Verizon Given Consensus Recommendation of Hold

Institutional Trading of Verizon Communications

Several hedge funds have recently modified their holdings of VZ. California State Teachers Retirement System boosted its position 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 valued at $11,489,796,000 after buying an additional 264,776,704 shares during the last quarter. State Street Corp raised its position in shares of Verizon Communications by 3.5% during 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 last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Verizon Communications by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier’s stock valued at $4,747,930,000 after acquiring an additional 5,851,715 shares during the period. Geode Capital Management LLC lifted its stake in shares of Verizon Communications by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier’s stock valued at $4,168,080,000 after acquiring an additional 867,694 shares during the period. Finally, Bank of America Corp DE boosted its holdings in 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 during the last quarter. 62.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VZ has been the topic of several recent analyst reports. BNP Paribas Exane reduced their target price on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a report on Wednesday, August 26th. Moffett Nathanson cut their price objective on Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company boosted their price objective on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Finally, TD Cowen increased their target price on Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.97.

Insider Buying and Selling

In related news, CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $50.50, for a total value of $55,550.00. Following the completion of the sale, the chief executive officer directly owned 107,666 shares in the company, valued at $5,437,133. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,300 shares of company stock valued at $164,164 in the last three months. 0.03% of the stock is owned by company insiders.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.