NEW YORK, March 23, 2026, 11:25 EDT
Between March 21 and March 23, filings revealed institutional investors taking divergent paths on Verizon Communications. Wealth Enhancement Advisory Services LLC and St. Louis Financial Planners Asset Management LLC increased their holdings, while Nordea Investment Management AB slashed a notably larger position. The updates landed as Verizon shares hovered close to a 52-week high on Monday.
Verizon is aiming to build on a 2026 comeback, putting out an adjusted earnings per share outlook of $4.90 to $4.95 for the year—topping what analysts had penciled in—and bumping its quarterly dividend to $0.7075 per share. Shares traded up about 0.8% to $50.40 in New York late this morning, keeping within reach of their 52-week high at $51.67.
Form 13F filings revealed the disclosures, giving a quarterly look at U.S.-listed stock holdings as of the end of the quarter. Basically, these reports provide a lagged picture of money manager positions as of Dec. 31, 2025—not a current tally.
Wealth Enhancement bumped up its Verizon holdings by 7.4% in the fourth quarter, picking up another 147,134 shares. That brought its total position to 2,138,718 shares, worth roughly $86.25 million at the period’s close, according to a report out Monday referencing the firm’s January 8 filing.
A filing from a St. Louis-based group shows St. Louis Financial Planners boosted its Verizon stake by 35.5%, snapping up 23,843 additional shares. That move lifted their total to 91,015 shares, valued at about $3.71 million. According to the summary, Verizon accounts for 2.3% of their portfolio, making it the firm’s 12th-biggest holding.
Nordea headed in the opposite direction. According to a Sunday report, the Swedish asset manager sold off 1,423,540 Verizon shares—trimming its position by 16.6%. By quarter’s end, Nordea held 7,176,288 shares, a stake valued at roughly $292.8 million. That’s a much deeper cut than the 170,977 shares Wealth Enhancement and the St. Louis firm added together.
Verizon turned in adjusted earnings of $1.09 a share for the fourth quarter on Jan. 30, posting revenue near $36.4 billion. The company’s 2026 outlook calls for 750,000 to 1 million net additions among retail postpaid phone subscribers—those paying monthly. CEO Dan Schulman pointed to “strong momentum” going into 2025, following the January closure of the Frontier acquisition and the company’s ongoing turnaround push. Verizon
Wall Street’s paying attention. On March 20, Citi’s Michael Rollins bumped his price target on Verizon up to $55 from $50, maintaining his buy rating. He pointed to “positive optionality” from Verizon’s efforts to cut costs and expand its bundled wireless and broadband offerings. TipRanks
Competition is showing no signs of cooling. Just this month, T-Mobile leveled “bait-and-switch” allegations against Verizon, and on March 10 AT&T announced a plan to pour over $250 billion into U.S. network infrastructure over five years—a clear signal that Verizon’s comeback is unfolding in a market where rivals are anything but passive. Reuters
There’s a wrinkle here: the SEC filings came in on Jan. 7 and Jan. 8, but they only show positions as of Dec. 31. Any trades or moves made after the start of the year wouldn’t show up.
