Verizon Communications Inc (NYSE: VZ) is 17.40% higher on its value in year-to-date trading and has touched a low of $30.14 and a high of $45.05 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 $44.33 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $44.26, the stock is 3.50% and 6.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.07 million and changing -0.16% at the moment leaves the stock 9.54% off its SMA200. VZ registered 32.95% gain for a year compared to 6-month gain of 9.64%.
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The stock witnessed a 8.29% loss in the last 1 month and extending the period to 3 months gives it a 7.51%, and is -1.64% down 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 1.65% over the week and 1.87% over the month.
Verizon Communications Inc (VZ) has around 105400 employees, a market worth around $186.31B and $134.24B in sales. Current P/E ratio is 16.60 and Fwd P/E is 9.43. Profit margin for the company is 8.38%. Distance from 52-week low is 46.87% and -1.75% from its 52-week high. The company has generated returns on investments over the last 12 months (4.66%).
The EPS is expected to shrink by -2.81% this year.
Verizon Communications Inc (VZ) Top Institutional Holders
3547.0 institutions hold shares in Verizon Communications Inc (VZ), with institutional investors hold 64.38% of the company’s shares. The shares outstanding are 4.21B, and float is at 4.21B with Short Float at 1.09%. Institutions hold 64.35% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 354.04 million shares valued at $14.6 billion. The investor’s holdings represent 8.3995% of the VZ Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 348.87 million shares valued at $14.39 billion to account for 8.2769 of the shares outstanding. The other top investors are STATE STREET CORP which holds 185.35 million shares representing 4.3975% and valued at over $7.64 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.2619 of the shares totaling 95.34 million with a market value of $3.93 billion.
Verizon Communications Inc (VZ) Insider Activity
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Still, SEC filings show that on Feb 22 ’24, Malady Kyle (EVP and Group CEO-VZ Business) disposed off 24,000 shares at an average price of $40.80 for $0.98 million. The insider now directly holds 35,201 shares of Verizon Communications Inc (VZ).
