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 $43.42 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 $40.74 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $40.85, the stock is 1.34% and 0.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.67 million and changing 0.27% at the moment leaves the stock 2.82% off its SMA200. VZ registered 23.12% gain for a year compared to 6-month loss of 0.86%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 4.50% gain in the last 1 month and extending the period to 3 months gives it a 1.82%, and is 0.17% 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 1.35% over the week and 1.69% over the month.
Verizon Communications Inc (VZ) has around 105400 employees, a market worth around $171.96B and $134.24B in sales. Current P/E ratio is 15.32 and Fwd P/E is 8.72. Profit margin for the company is 8.38%. Distance from 52-week low is 35.56% and -5.92% from its 52-week high. The company has generated returns on investments over the last 12 months (4.66%).
with sales reaching $33.73B over the same period.The EPS is expected to shrink by -2.83% this year, but quarterly earnings will post 0.80% year-over-year. Quarterly sales are estimated to grow 10.70% in year-over-year returns.
Verizon Communications Inc (VZ) Top Institutional Holders
3534.0 institutions hold shares in Verizon Communications Inc (VZ), with institutional investors hold 64.70% of the company’s shares. The shares outstanding are 4.20B, and float is at 4.20B with Short Float at 1.14%. Institutions hold 64.68% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 351.27 million shares valued at $14.74 billion. The investor’s holdings represent 8.3337 of the VZ Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 341.46 million shares valued at $14.33 billion to account for 8.1011 of the shares outstanding. The other top investors are STATE STREET CORP which holds 184.63 million shares representing 4.3804 and valued at over $7.75 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.2706 of the shares totaling 95.71 million with a market value of $3.97 billion.
Verizon Communications Inc (VZ) Insider Activity
Verizon Communications Inc disclosed in a document filed with the SEC on Feb 22 ’24 that Malady Kyle (EVP and Group CEO-VZ Business) sold a total of 24,000 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $40.80 per share for $0.98 million. Following the transaction, the insider now directly holds 35201.0 shares of the VZ stock.
Still, SEC filings show that on Feb 15 ’24, Malady Kyle (EVP and Group CEO-VZ Business) disposed off 15,000 shares at an average price of $40.33 for $0.6 million. The insider now directly holds 59,201 shares of Verizon Communications Inc (VZ).
