BlackRock Updates Verizon Stake in SC 13G/A Filing
Ticker: VZ · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 732712
| Field | Detail |
|---|---|
| Company | Verizon Communications Inc (VZ) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Verizon holdings, showing its stake as of year-end 2023.**
AI Summary
BlackRock Inc. has filed an amendment (SC 13G/A) to its ownership report for Verizon Communications Inc. common stock, indicating its holdings as of December 31, 2023. This filing, Amendment No. 14, updates previous disclosures and is filed under Rule 13d-1(b), which applies to institutional investors holding more than 5% but less than 20% of a company's stock. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in sentiment or strategy regarding Verizon stock.
Why It Matters
This filing provides transparency into BlackRock's significant, but passive, ownership in Verizon, offering insight into how a major institutional investor views the company.
Risk Assessment
Risk Level: low — This is a routine disclosure by a large institutional investor and does not indicate any immediate or significant risk to the company or its shareholders.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, continues to hold a significant, passive stake in Verizon. While this filing doesn't reveal specific changes in share count, it confirms their ongoing interest as of year-end 2023. Keep an eye on future filings for any substantial shifts in their position.
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, 2023 (date) — the date of the event requiring the filing
- Amendment No: 14 (number) — the specific amendment number for this filing
- Rule 13d-1(b) (rule) — the SEC rule under which the filing was made
FAQ
What type of 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: 14)'.
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 by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VERIZON COMMUNICATIONS INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified by 'Date of Event Which Requires Filing of this Statement: December 31, 2023'.
Under which specific SEC rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 6, 2024 regarding VERIZON COMMUNICATIONS INC (VZ).