Verizon Communications Inc. (NYSE: VZ) is 0.17% higher on its value in year-to-date trading and has touched a low of $48.84 and a high of $61.95 in the current 52-week trading range. The VZ stock was last observed hovering at around $58.75 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $63.00 for the next 12 months. It is also 15.93% off the consensus price target high of $70.00 offered by 27 analysts, but current levels are -8.98% lower than the price target low of $54.00 for the same period.
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Currently trading at $58.85, the stock is -1.94% and -1.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.11 million and changing 0.17% at the moment leaves the stock 2.05% off its SMA200. VZ registered -2.57% loss for a year compared to 6-month gain of 6.54%. The firm has a 50-day simple moving average (SMA 50) of $60.21 and a 200-day simple moving average (SMA200) of $58.50.
The stock witnessed a -4.09% loss in the last 1 month and extending the period to 3 months gives it a -0.66%, and is 0.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.20% over the week and 1.20% over the month.
Verizon Communications Inc. (VZ) has around 133200 employees, a market worth around $241.00B and $128.38B in sales. Current P/E ratio is 13.31 and Fwd P/E is 11.75. Profit margin for the company is 14.30%. Distance from 52-week low is 20.50% and -5.00% from its 52-week high. The company has generated returns on investments over the last 12 months (13.70%).
Verizon Communications Inc. (VZ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Verizon Communications Inc. (VZ) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.60, where 17 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Verizon Communications Inc. is expected to release its quarterly report on 04/21/2021 and quarterly earnings per share for the current quarter are estimated at $1.17 with sales reaching $34.52B over the same period.The EPS is expected to grow by 23.80% this year, but quarterly earnings will post -2.80% year-over-year. Quarterly sales are estimated to shrink -0.70% in year-over-year returns.
Verizon Communications Inc. (VZ) Top Institutional Holders
3,265 institutions hold shares in Verizon Communications Inc. (VZ), with 1.2M shares held by insiders accounting for 0.03% while institutional investors hold 66.37% of the company’s shares. The shares outstanding are 4.14B, and float is at 4.14B with Short Float at 0.81%. Institutions hold 66.35% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 328.95 million shares valued at $19.57 billion. The investor’s holdings represent 7.95% of the VZ Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 300.99 million shares valued at $17.91 billion to account for 7.27% of the shares outstanding. The other top investors are State Street Corporation which holds 165.23 million shares representing 3.99% and valued at over $9.83 billion, while Bank of America Corporation holds 1.59% of the shares totaling 65.83 million with a market value of $3.92 billion.
Verizon Communications Inc. (VZ) Insider Activity
The most recent transaction is an insider sale by SILLIMAN CRAIG L., the company’s EVP&ChiefAdminLegal&PubPolOff. SEC filings show that SILLIMAN CRAIG L. sold 10,411 shares of the company’s common stock on Nov 02 at a price of $57.73 per share for a total of $0.6 million. Following the sale, the insider now owns 23771.0 shares.
Verizon Communications Inc. disclosed in a document filed with the SEC on May 01 that Skiadas Anthony T (SVP & Controller) sold a total of 10,744 shares of the company’s common stock. The trade occurred on May 01 and was made at $57.10 per share for $0.61 million. Following the transaction, the insider now directly holds 26201.0 shares of the VZ stock.
Still, SEC filings show that on Feb 28, Dunne Ronan (EVP and Group CEO-VZ Consumer) acquired 18,839 shares at an average price of $53.47 for $1.01 million. The insider now directly holds 33,956 shares of Verizon Communications Inc. (VZ).
Verizon Communications Inc. (VZ): Who are the competitors?
The company’s main competitors (and peers) include Telephone and Data Systems Inc. (TDS) that is trading -25.16% down over the past 12 months. Alphabet Inc. (GOOGL) is 26.78% up on the 1-year trading charts. Short interest in the company’s stock has risen 2.21% from the last report on Nov 12, 2020 to stand at a total of 32.74 million short shares sold with a short interest ratio of 2.49.