Simplicity Wealth,LLC 13F: Cuts VZ Stake by $4.2M

Simplicity Wealth, LLC reduced its stake in Verizon Communications Inc. (NYSE: VZ) by 30.7%, selling 91,205 shares during the period. According to a Form 13F filing with the SEC on October 23, 2026, the firm ended the quarter with 205,134 shares. The remaining position carried a reported value of $9,409,488. The stock closed at $44.66 on the filing date.

VZ Verizon Communications Inc.

$45.20 ▲ +18.98% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Simplicity Wealth's Verizon Communications Inc. Position

Simplicity Wealth held 296,339 shares of the telecom provider before the adjustment. Dropping 91,205 shares brought its ending count to 205,134 shares. That reduction marked a 30.8% decrease in its holdings for the period.

Other Institutional Activity in Verizon Communications Inc.

Other fund managers made mixed adjustments to their Verizon positions around the same time. Euro Pacific Asset Management opened a new position with 5,200 shares valued at $261,638. Summit Financial Strategies sold out entirely, shedding 4,932 shares to finish with zero holdings. Wilmington Savings Fund Society, FSB cut its stake by 10.959565102684088%, trimming 31,571 shares to end with 256,497 shares worth $11,765,518. Verity & Verity grew its holdings by 14,477 shares, ending with 563,522 shares worth about $25,848,770 after a 2.6% increase. Carnegie Investment Counsel trimmed its position by 4.5%, dropping 36,765 shares to hold 782,621 shares valued at $33,949,026.

Verizon Communications Inc. Stock Up 2.4%

Verizon shares recently traded around $44.62 as of October 24, 2026, remaining roughly flat compared to the previous day's close of $44.66. The stock trades below its 50-day moving average of $47.62 and below its 200-day moving average of $46.70. Over the past year, the shares have traded between a low of $38.39 and a high of $51.68. The current price sits 13.7% below that 52-week peak and 16.2% above its lowest point for the year. Analysts maintain a mean price target of $51.24, putting the recent price about 12.9% below expectations.

Recent Earnings

Verizon generated trailing-twelve-month revenue of $138.89 billion alongside earnings of $3.84 per share. The company reported a net profit margin of 11.6% and a return on equity of 15.8%. Management scheduled the next earnings release for October 26, 2026.

Dividend

Verizon pays an annual dividend rate of $2.83 per share, which translates to a dividend yield of 6.26%. The company distributes 72.8% of its earnings as dividends to shareholders.

Insider Buying and Selling at Verizon Communications Inc.

Company insiders executed several stock sales over the autumn. Officer Kyle Malady sold 1,100 shares on September 29, 2026, at an average price of $46.40 for a total value of $51,040. Kyle Malady sold another 1,100 shares on October 6, 2026, at $45.75 per share, totaling $50,325. Later, on October 13, 2026, Kyle Malady sold 1,100 shares under a planned trading arrangement at $42.93 per share, amounting to $47,223. An additional sale of 1,100 shares occurred on October 20, 2026, at $44.48 per share for a total of $48,928.

Analysts Set New Price Targets

Wall Street firms updated their views on Verizon ahead of the filing. TD Cowen maintained its buy rating while lifting its price target to $56.00 from $54.00 on July 27, 2026. Morgan Stanley kept an equal-weight rating and raised its target to $52.00 from $50.00 on July 27, 2026. RBC Capital maintained a sector perform rating on July 27, 2026, while moving its target from $46.00 to $47.00. Scotiabank maintained a sector outperform rating on October 2, 2026, while adjusting its target down from $52.50 to $51.50, and followed up on October 9, 2026, by lowering the target further to $50.00. Across 22 analyst opinions, the stock carries a consensus buy recommendation.

About Verizon Communications Inc.

Verizon Communications Inc. operates as a major telecommunications and technology provider, delivering wireless, internet, and digital services to millions of consumers, businesses, and government clients. Through its consumer and business operating segments, the company builds and maintains extensive fiber and cellular networks across the United States. Institutional portfolio adjustments like Simplicity Wealth's share reduction highlight how professional money managers continually rebalance capital exposure to major telecom operators.

Bottom Line

Investors will look to the upcoming earnings release on October 26, 2026, for fresh updates on subscriber growth and cash flow generation. Future SEC disclosures will show whether institutional managers continue trimming or rebuilding exposure to the telecommunications sector.