Y-Intercept (Hong Kong) 13F: New $17M Stake in VZ

Y-Intercept (Hong Kong) has opened a new position in Verizon Communications Inc. (NYSE: VZ), acquiring 362,110 shares worth about $16,609,986 in a filing on October 16, 2026. This new stake reflects a growing interest in the telecom sector as the company continues to navigate its market challenges.

What Changed in Y-Intercept's Verizon Position

Y-Intercept (Hong Kong) has taken a significant step by acquiring 362,110 shares of Verizon, marking a new position in the telecom giant. This investment is valued at approximately $16.6 million and adds to the growing interest among investors in Verizon's capabilities in the communications sector.

Other Institutional Activity in Verizon

Several other institutional investors have recently adjusted their positions in Verizon. Blackrock Inc. grew its holdings by 30,179,042 shares, ending with 398,216,158 shares worth about $17.8 billion. Meanwhile, Charles Schwab Investment Management, Inc. increased its stake by 14,839,678 shares, bringing its total to 127,774,822 shares valued at around $5.7 billion. Conversely, Vanguard Capital Management LLC and State Street Corporation both reduced their holdings, with declines of 1,196,888 and 5,177,988 shares, respectively.

Verizon Communications Inc. Stock Up 0.7%

As of October 16, 2026, Verizon shares were recently trading around $44.74, which is about 6.6% below the 50-day moving average of $47.88 and 4.0% below the 200-day moving average of $46.60. The stock is also 13.4% below its 52-week high of $51.68 but remains 16.5% above its 52-week low of $38.39. The current price is below the average analyst target of $51.24, suggesting potential room for growth.

Recent Earnings

For the trailing twelve months (TTM), Verizon reported revenue of approximately $138.9 billion and earnings per share (EPS) of $3.84. However, the company saw a year-over-year revenue growth of -0.7%, which may raise concerns among investors. The next earnings report is scheduled for October 26, 2026.

Insider Buying and Selling at Verizon Communications Inc.

In recent insider transactions, several executives bought shares of Verizon on June 17, 2026. Joseph Russo, EVP & President of Global Networks & Tech, purchased 84 shares at an average price of $13.08, totaling about $1,098.72. Similarly, Villanueva Rodriguez Alfonso and Vandana Venkatesh bought 80 and 98 shares, respectively, at the same average price. However, Kyle Malady, EVP and Group CEO of Verizon Business, sold 1,100 shares on October 13, 2026, at $42.93 each, valued at around $47,223.

Analysts Set New Price Targets

Analysts have maintained a generally positive outlook on Verizon. On July 27, 2026, TD Cowen kept a Buy rating with a price target of $56, while Morgan Stanley maintained an Equal-Weight rating with a target of $52. Scotiabank also recently reaffirmed its Sector Outperform rating, adjusting its price target slightly from $51.5 to $50 on October 9, 2026. The average target among 22 analysts is $51.24, reflecting a favorable consensus.

About Verizon Communications Inc.

Verizon Communications Inc. is a major player in the telecom industry, offering a wide range of communications and technology services. It operates in two segments: Verizon Consumer Group and Verizon Business Group. The company's recent moves and analyst interest highlight its positioning in the competitive market.

Bottom Line

Looking ahead, investors should watch how Verizon performs in its upcoming earnings report on October 26, 2026, and monitor any further changes in institutional holdings. This new position by Y-Intercept (Hong Kong) reflects potential confidence in the stock's future performance, though it is crucial to consider the changing dynamics of the telecom sector. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.