M&G PLC reduced its stake in Verizon Communications Inc. by 7.7% in Q3, selling 43,841 shares and retaining 525,274 shares valued at $23.11 million. This comes as Verizon beat quarterly EPS estimates, set strong FY 2026 guidance, and increased its quarterly dividend. The company maintains a “Moderate Buy” consensus rating with a target price of $49.02.
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Verizon Communications Inc. $VZ Shares Sold by M&G PLC
M&G PLC reduced its stake in Verizon Communications Inc. by 7.7% in Q3, selling 43,841 shares and retaining 525,274 shares valued at $23.11 million. This comes as Verizon beat quarterly EPS estimates, set strong FY 2026 guidance, and increased its quarterly dividend. The company maintains a “Moderate Buy” consensus rating with a target price of $49.02.