Verizon Communications (NYSE:VZ) CEO Sells 1,100 Shares of Company Stock

Key Points

  • Verizon CEO Kyle Malady sold 1,100 shares at an average price of $45.75, generating $50,325 under a pre-arranged Rule 10b5-1 plan. He retained 102,166 shares, so the sale reduced his stake by approximately 1.07%.
  • Verizon’s shares opened at $45.77, with a market capitalization of about $190.2 billion and a 52-week range of $38.39 to $51.68. Analysts hold a consensus “Hold” rating with an average price target of $50.90.
  • The company reported quarterly adjusted earnings of $1.30 per share, beating estimates, while revenue declined 0.7% year over year and fell short of expectations. Verizon also declared a quarterly dividend of $0.7075 per share, representing a 6.2% annualized yield.

Verizon Communications Inc. (NYSE:VZ - Get Free Report) CEO Kyle Malady sold 1,100 shares of the company's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $45.75, for a total transaction of $50,325.00. Following the completion of the sale, the chief executive officer directly owned 102,166 shares of the company's stock, valued at $4,674,094.50. The trade was a 1.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Malady also recently made the following trade(s):

  • On Tuesday, September 29th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The shares were sold at an average price of $46.40, for a total transaction of $51,040.00.
  • On Tuesday, September 22nd, Kyle Malady sold 1,100 shares of Verizon Communications stock. The stock was sold at an average price of $47.65, for a total transaction of $52,415.00.
  • On Tuesday, September 8th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The stock was sold at an average price of $49.98, for a total value of $54,978.00.
  • On Tuesday, September 1st, Kyle Malady sold 1,100 shares of Verizon Communications stock. The shares were sold at an average price of $50.50, for a total value of $55,550.00.
  • 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 shares were sold at an average price of $48.68, for a total value of $53,548.00.

Verizon Communications Trading Down 0.5%




VZ opened at $45.77 on Thursday. The firm has a market cap of $190.17 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.56 and a beta of 0.26. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The stock has a fifty day moving average price of $48.28 and a 200-day moving average price of $47.13.

Verizon Communications (NYSE:VZ - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The company had revenue of $34.25 billion for the quarter, compared to the consensus estimate of $35.16 billion. During the same quarter last year, the company earned $1.22 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, equities research analysts anticipate that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 9th will be given a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, October 9th. Verizon Communications's dividend payout ratio is presently 73.70%.

Hedge Funds Weigh In On Verizon Communications

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake 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. Bank of America Corp DE increased its stake in Verizon Communications by 15.4% during the 1st quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier's stock valued at $3,117,471,000 after purchasing an additional 8,289,877 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Verizon Communications by 14.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,173,226 shares of the cell phone carrier's stock valued at $1,743,274,000 after purchasing an additional 5,075,794 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Verizon Communications by 20.8% in the first quarter. Bank of New York Mellon Corp now owns 38,164,982 shares of the cell phone carrier's stock worth $1,915,882,000 after buying an additional 6,580,820 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Verizon Communications by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 32,734,998 shares of the cell phone carrier's stock worth $1,643,339,000 after buying an additional 1,972,634 shares during the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications News Roundup

Here are the key news stories impacting Verizon Communications this week:

  • Positive Sentiment: Verizon joined AT&T and T-Mobile in a wireless joint venture designed to reduce U.S. coverage gaps, particularly in rural areas and remote travel corridors. The initiative could strengthen Verizon’s network reach, emergency communications capabilities and satellite/direct-to-device opportunities over time. Verizon Communications Joins Wireless Venture To Close U.S. Coverage Gaps
  • Positive Sentiment: SKYBOXE entered a reseller partnership to offer Verizon Business data plans to qualified customers nationwide. The agreement may expand Verizon’s business distribution and support fixed-wireless growth, although the near-term financial impact is unclear. SKYBOXE Enters Reseller Partnership to Offer Verizon Business Data Plans
  • Neutral Sentiment: Verizon is staging mobile assets, fueling generators and deploying response teams ahead of Tropical Storm Isaias in Florida and Alabama. The preparation protects network reliability and supports public-safety customers, but the storm could also create temporary operating and repair costs. Verizon Readies Network for Tropical Storm Isaias
  • Neutral Sentiment: Investors are focused on Verizon’s upcoming earnings report, expected October 26. Recent results showed better-than-expected adjusted earnings but revenue below estimates, making customer additions, wireless service revenue and broadband growth key upcoming metrics. Should You Buy Verizon Communications Stock Before October 26?
  • Negative Sentiment: Commentary highlights Verizon’s shift away from emphasizing wireless service revenue as its primary metric. The change raises questions about growth quality and makes it harder for investors to assess momentum, despite VZ trading at roughly 11.9 times earnings. Should You Worry That Verizon Stopped Leading With This One Metric?
  • Negative Sentiment: Analysts continue to cite intense wireless competition and Verizon’s debt burden as risks to future growth and dividend confidence. Although improving customer trends, broadband expansion and potential AI infrastructure demand offer upside, these concerns are weighing on the stock’s income-investment appeal. VZ Shares Fall 6.5% in Six Months
  • Negative Sentiment: CEO Kyle Malady sold 1,100 shares for approximately $50,325 under a pre-arranged Rule 10b5-1 plan. Because the sale reduced his holdings by only about 1%, it is a limited signal, but insider selling can add modest near-term pressure.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VZ shares. Moffett Nathanson cut their price objective on shares of Verizon Communications from $56.00 to $49.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company lifted their price target 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. Scotiabank reduced their price target on Verizon Communications from $52.50 to $51.50 and set a "sector outperform" rating on the stock in a research report on Friday, October 2nd. Barclays upped their price target on Verizon Communications from $45.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Monday, July 27th. Finally, Morgan Stanley raised their price objective on Verizon Communications from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.90.

Check Out Our Latest Stock Analysis on VZ

Verizon Communications Company Profile

(Get Free Report)

Verizon Communications Inc is a telecommunications company headquartered in New York City and listed on the New York Stock Exchange under the symbol VZ. The company was formed in 2000 through the merger of Bell Atlantic and GTE and has developed into one of the largest communications providers in the United States.

Verizon's consumer business provides wireless voice and data services, smartphones and other connected devices, home internet, broadband, and related communications products.

Further Reading

Insider Buying and Selling by Quarter for Verizon Communications (NYSE:VZ)

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