VERIZON COMMUNICATIONS INC
boothcheck covers VERIZON COMMUNICATIONS INC (VZ) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed August 7, 2026.
• The counterintuitive fact of the June 2026 quarter: revenue fell 0.7% while the Consumer operating margin rose from 28.7% to 30.6%, because Verizon deliberately cut device subsidies and equipment revenue dropped nearly 20% [Source: Q2 2026 earnings release, July 24, 2026]. • The borrowings built to buy Frontier are the constraint on everything else, and the company's own ratio of unsecured debt to trailing consolidated net income moved from 7.4 to 8.2 across the six months to June 2026 [Source
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3,181 institutional managers reported holding VZ in 13F filings for the quarter ended 2026-03-31. Together they hold about 65% of the company; the top 10 hold 35%. 278 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 89.9M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
VZ's share count grew 1.5% over the past five years even with $2.50B spent on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 11 years straight; the current rate is $2.73 a share annually. Cash returned over the past three years: $31.18B in dividends and $2.50B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at VZ over the trailing three years. Absence is a fact about the company, not a signal. 8 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
VZ's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-29 | +1.1% | -4.8% |
| 2023-10-27 | +7.3% | +12.7% |
| 2024-02-10 | -0.8% | 0.0% |
| 2024-04-26 | -1.9% | +3.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
VZ's latest 8-K filings: 2026-07-24 (items 5.02); 2026-07-24 (items 2.02, 9.01); 2026-06-29 (items 7.01); 2026-06-17 (items 8.01, 9.01); 2026-06-02 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: August 7, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.