Verizon Communications Inc. (VZ) is under significant changes, with its new CEO initiating a cost-cutting operation involving a major layoff of 13,000 jobs. This restructuring decision was not well-received by the market, leading to an unfavorable impact on its stock price, with a noted 6.2% drop observed over the past six months. The company's shares, however, continue to witness transactions, with a number of firms adjusting their portfolio holdings, either purchasing or selling the
VZ units. This indicates a mixed response from investors. Rep. Tim Moore and Private Management Group Inc. are among entities increasing their stakes in the company. At the same time, others, like Elyxium Wealth LLC and Cetera Investment Advisers, are also increasing their shares, while some are trimming their holdings, including Rhumbline Advisers and Legal & General Group Plc. Despite the ongoing turbulence, the company is showcasing potential, with its Q3 earnings outperforming estimates. Furthermore, the company remains a solid dividend provider, announcing an increased dividend per share amounting to US$0.69, presenting an enticing opportunity for passive income seekers.
Verizon Communications VZ News Analytics from Fri, 08 Aug 2025 07:00:00 GMT to Sat, 22 Nov 2025 14:21:27 GMT -
Rating -3
- Innovation 4
- Information 8
- Rumor -7
