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Verizon Communications Inc (VZ) Stock Could Soon Reward Patient Investors

Verizon Communications Inc (NYSE: VZ) is -0.03% lower on its value in year-to-date trading and has touched a low of $37.58 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 $39.39 in the last trading session, with the day’s gains setting it 0.59%.

Currently trading at $39.98, the stock is 1.98% and -1.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.91 million and changing 1.50% at the moment leaves the stock -2.95% off its SMA200. VZ registered -5.60% loss for a year compared to 6-month loss of -2.13%. The firm has a 50-day simple moving average (SMA 50) of $40.8116 and a 200-day simple moving average (SMA200) of $41.1951.

The stock witnessed a -0.03% gain in the last 1 month and extending the period to 3 months gives it a -3.15%, and is -1.62% 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 2.07% over the week and 1.79% over the month.

Verizon Communications Inc (VZ) has around 99600 employees, a market worth around $168.30B and $134.79B in sales. Current P/E ratio is 9.65 and Fwd P/E is 8.22. Profit margin for the company is 12.99%. Distance from 52-week low is 6.37% and -11.86% from its 52-week high. The company has generated returns on investments over the last 12 months (7.28%).

with sales reaching $33.48B over the same period.The EPS is expected to grow by 1.88% this year, but quarterly earnings will post 1.65% year-over-year. Quarterly sales are estimated to grow 1.51% in year-over-year returns.

Verizon Communications Inc (VZ) Top Institutional Holders

3549.0 institutions hold shares in Verizon Communications Inc (VZ), with institutional investors hold 65.68% of the company’s shares. The shares outstanding are 4.21B, and float is at 4.21B with Short Float at 1.37%. Institutions hold 65.65% 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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Verizon Communications Inc disclosed in a document filed with the SEC on Jan 29 ’25 that Malady Kyle (EVP and Group CEO-VZ Business) sold a total of 11,085 shares of the company’s common stock. The trade occurred on Jan 29 ’25 and was made at $40.88 per share for $0.45 million. Following the transaction, the insider now directly holds 14590.0 shares of the VZ stock.

Still, SEC filings show that on Jan 28 ’25, Malady Kyle (EVP and Group CEO-VZ Business) disposed off 20,000 shares at an average price of $40.49 for $0.81 million. The insider now directly holds 25,675 shares of Verizon Communications Inc (VZ).

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