BlackRock Updates Verizon Stake in SC 13G/A Filing

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

From the Filing

0001086364-24-006718.txt : 20240206 0001086364-24-006718.hdr.sgml : 20240206 20240206162132 ACCESSION NUMBER: 0001086364-24-006718 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VERIZON COMMUNICATIONS INC CENTRAL INDEX KEY: 0000732712 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] ORGANIZATION NAME: 06 Technology IRS NUMBER: 232259884 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40797 FILM NUMBER: 24600546 BUSINESS ADDRESS: STREET 1: 1095 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-395-1000 MAIL ADDRESS: STREET 1: 1095 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: BELL ATLANTIC CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us92343v1044_020624.txt us92343v1044_020624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) VERIZON COMMUNICATIONS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 92343V104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 92343V104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 314816843 (6) Shared voting power 0 (7) Sole dispositive power 348127746 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 348127746 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- VERIZON COMMUNICATIONS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1095 AVENUE OF THE AMERICAS NEW YORK NY 10036 Item 2. 2(a) Name of person filing: -------------------------------------------