Verizon Communications Inc (NYSE: VZ) is -0.95% lower on its value in year-to-date trading and has touched a low of $37.56 and a high of $45.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VZ stock was last observed hovering at around $40.26 in the last trading session, with the day’s loss setting it -0.65%.
Currently trading at $39.61, the stock is -2.73% and -4.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.07 million and changing -1.61% at the moment leaves the stock -4.28% off its SMA200. VZ registered 0.61% gain for a year compared to 6-month gain of -4.62%. The firm has a 50-day simple moving average (SMA 50) of $41.5916 and a 200-day simple moving average (SMA200) of $41.38365.
The stock witnessed a -6.84% loss in the last 1 month and extending the period to 3 months gives it a -10.34%, and is -0.78% 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 1.39% over the week and 1.45% over the month.
Verizon Communications Inc (VZ) has around 105400 employees, a market worth around $166.95B and $134.24B in sales. Current P/E ratio is 17.08 and Fwd P/E is 8.37. Profit margin for the company is 7.30%. Distance from 52-week low is 5.46% and -12.68% from its 52-week high. The company has generated returns on investments over the last 12 months (4.01%).
The EPS is expected to shrink by -2.59% this year.
Verizon Communications Inc (VZ) Top Institutional Holders
3557.0 institutions hold shares in Verizon Communications Inc (VZ), with institutional investors hold 65.56% of the company’s shares. The shares outstanding are 4.21B, and float is at 4.21B with Short Float at 1.48%. Institutions hold 65.53% 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 Oct 01 ’24, Silliman Craig L. (Officer) Proposed Sale 9,259 shares at an average price of $44.96 for $0.42 million. The insider now directly holds shares of Verizon Communications Inc (VZ).
