Verizon Communications Inc (NYSE: VZ) is 8.36% higher on its value in year-to-date trading and has touched a low of $30.14 and a high of $43.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VZ stock was last observed hovering at around $40.87 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $40.85, the stock is 1.94% and 0.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.07 million and changing -0.05% at the moment leaves the stock 12.36% off its SMA200. VZ registered 8.47% gain for a year compared to 6-month gain of 23.19%. The firm has a 50-day simple moving average (SMA 50) of $2.57 and a 200-day simple moving average (SMA200) of $8.59.
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The stock witnessed a 2.92% loss in the last 1 month and extending the period to 3 months gives it a 8.96%, and is 2.20% 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 1.28% over the week and 1.44% over the month.
Verizon Communications Inc (VZ) has around 105400 employees, a market worth around $171.74B and $133.97B in sales. Current P/E ratio is 14.82 and Fwd P/E is 8.68. Profit margin for the company is 8.67%. Distance from 52-week low is 35.56% and -5.46% from its 52-week high. The company has generated returns on investments over the last 12 months (4.64%).
Verizon Communications Inc quarterly earnings per share for the current quarter are estimated at $1.12 with sales reaching $33.33B over the same period.The EPS is expected to shrink by -2.46% this year, but quarterly earnings will post 1.30% year-over-year. Quarterly sales are estimated to grow 1.30% in year-over-year returns.
Verizon Communications Inc (VZ) Top Institutional Holders
3,474 institutions hold shares in Verizon Communications Inc (VZ), with institutional investors hold 63.90% of the company’s shares. The shares outstanding are 4.20B, and float is at 4.20B with Short Float at 1.23%. Institutions hold 63.88% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 350.69 million shares valued at $13.04 billion. The investor’s holdings represent 8.34% of the VZ Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 339.01 million shares valued at $12.61 billion to account for 8.06% of the shares outstanding. The other top investors are State Street Corporation which holds 175.04 million shares representing 4.16% and valued at over $6.51 billion, while Charles Schwab Investment Management, Inc. holds 2.22% of the shares totaling 93.5 million with a market value of $3.48 billion.
Verizon Communications Inc (VZ) Insider Activity
The most recent transaction is an insider sale by Malady Kyle,the company’sEVP and Group CEO-VZ Business. SEC filings show that Malady Kyle sold 24,000 shares of the company’s common stock on Feb 22 ’24 at a price of $40.80 per share for a total of $0.98 million. Following the sale, the insider now owns 35201.0 shares.
Verizon Communications Inc disclosed in a document filed with the SEC on Feb 15 ’24 that Malady Kyle (EVP and Group CEO-VZ Business) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Feb 15 ’24 and was made at $40.33 per share for $0.6 million. Following the transaction, the insider now directly holds 59201.0 shares of the VZ stock.
Still, SEC filings show that on Dec 11 ’23, Silliman Craig L. (EVP&Pres.-VZ Global Services) disposed off 3,340 shares at an average price of $38.29 for $0.13 million. The insider now directly holds 46,295 shares of Verizon Communications Inc (VZ).
