Key Points
- CEO Kyle Malady sold 1,100 Verizon shares on September 1 at an average price of $50.50, generating $55,550. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct holdings by 1.01% to 107,666 shares.
- Verizon shares opened at $50.21, near their one-year high of $51.68, with a market capitalization of approximately $208.6 billion. The company recently exceeded quarterly EPS expectations, though revenue declined 0.7% year over year.
- Analysts maintain a consensus “Hold” rating with an average price target of $50.97, while institutional investors own 62.06% of Verizon’s stock.
Verizon Communications Inc. (NYSE:VZ - Get Free Report) CEO Kyle Malady sold 1,100 shares of the business's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total value of $55,550.00. Following the completion of the sale, the chief executive officer directly owned 107,666 shares of the company's stock, valued at approximately $5,437,133. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kyle Malady also recently made the following trade(s):
- On Tuesday, August 25th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The shares were sold at an average price of $50.06, for a total value of $55,066.00.
- On Tuesday, August 18th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The stock was sold at an average price of $48.68, for a total value of $53,548.00.
Verizon Communications Price Performance
Shares of Verizon Communications stock opened at $50.21 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. The business's 50 day simple moving average is $46.16 and its two-hundred day simple moving average is $47.45. The stock has a market capitalization of $208.60 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.71 and a beta of 0.26. Verizon Communications Inc. has a one year low of $38.39 and a one year high of $51.68.
Verizon Communications (NYSE:VZ - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.03. The firm had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The business's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Analysts forecast that Verizon Communications Inc. will post 5.03 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently commented on VZ. Moffett Nathanson lowered their price target on shares of Verizon Communications from $56.00 to $49.00 and set a "neutral" rating for the company in a report on Monday, July 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Verizon Communications in a report on Wednesday, August 26th. TD Cowen boosted their price objective on shares of Verizon Communications from $54.00 to $56.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Morgan Stanley upped their price objective on shares of Verizon Communications from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. Finally, Wells Fargo & Company increased their target price on shares of Verizon Communications from $43.00 to $47.00 and gave the stock an "equal weight" rating in a report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $50.97.
Check Out Our Latest Research Report on VZ
Hedge Funds Weigh In On Verizon Communications
Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System boosted its holdings in Verizon Communications by 4,016.0% in the second quarter. California State Teachers Retirement System now owns 271,369,762 shares of the cell phone carrier's stock valued at $11,489,796,000 after acquiring an additional 264,776,704 shares in the last quarter. State Street Corp raised its holdings in Verizon Communications by 3.5% in the 4th quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier's stock worth $9,080,810,000 after purchasing an additional 7,461,335 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Verizon Communications by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 116,570,816 shares of the cell phone carrier's stock worth $4,747,930,000 after purchasing an additional 5,851,715 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Verizon Communications by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 102,632,509 shares of the cell phone carrier's stock worth $4,168,080,000 after purchasing an additional 867,694 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Verizon Communications by 15.4% in the 1st quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier's stock worth $3,117,471,000 after purchasing an additional 8,289,877 shares during the period. Institutional investors own 62.06% of the company's stock.
Verizon Communications Company Profile
(
Get Free Report)
Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.
The company's consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.
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