BlackRock Amends Verizon Stake, Updates 13G/A Filing
Ticker: VZ · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 732712
| Field | Detail |
|---|---|
| Company | Verizon Communications Inc (VZ) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: VZ
TL;DR
**BlackRock updated its Verizon stake, signaling a potential shift in institutional confidence.**
AI Summary
BlackRock Inc. has filed an amended Schedule 13G/A for Verizon Communications Inc., indicating a change in their ownership stake as of December 31, 2022. This filing, an amendment number 13, updates their previous disclosures regarding their holdings of Verizon's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in their position can signal their confidence (or lack thereof) in Verizon's future performance, potentially influencing other investors' decisions.
Why It Matters
This filing shows BlackRock's updated ownership in Verizon, which can influence market perception and potentially impact the stock price due to the size and influence of BlackRock.
Risk Assessment
Risk Level: low — This is a routine disclosure of ownership by a large institutional investor and does not inherently present a high risk.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, has updated its stake in Verizon as of December 31, 2022. While this filing doesn't detail the exact change in percentage, it signals a routine update in their holdings. Smart investors would look for the specific percentage ownership in the full filing to understand the magnitude of BlackRock's current position and compare it to previous filings to gauge their sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Verizon Communications Inc. (company) — the subject company whose stock is being reported
- December 31, 2022 (date) — the date of the event which required the filing
- 92343V104 (other) — the CUSIP number for Verizon's Common Stock
FAQ
What type of SEC filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 13)'.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are the subject of this filing?
The subject company is VERIZON COMMUNICATIONS INC, as indicated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VERIZON COMMUNICATIONS INC'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2022, as explicitly stated in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Verizon Communications Inc. is 92343V104, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 1, 2024 regarding VERIZON COMMUNICATIONS INC (VZ).