Verizon Communications (NYSE:VZ) CEO Sells $55,550.00 in Stock

Verizon Communications Inc. (NYSE:VZ) CEO Kyle Malady sold 1,100 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $50.50, for a total transaction of $55,550.00. Following the completion of the sale, the chief executive officer owned 107,666 shares of the company’s stock, valued at approximately $5,437,133. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Malady also recently made the following trade(s):

• On Tuesday, August 25th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The stock was sold at an average price of $50.06, for a total value of $55,066.00.
• On Tuesday, August 18th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The shares were sold at an average price of $48.68, for a total value of $53,548.00.

Verizon Communications Trading Down 0.9%

Verizon Communications stock opened at $50.15 on Friday. The business has a 50 day moving average price of $46.32 and a two-hundred day moving average price of $47.48. The company has a quick ratio of 0.57, a current ratio of 0.60 and a debt-to-equity ratio of 1.36. The stock has a market cap of $208.36 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 1.72 and a beta of 0.26. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.03. The company had revenue of $34.25 billion for the quarter, compared to analyst estimates of $35.16 billion. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.Verizon Communications’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.22 EPS. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, equities analysts forecast that Verizon Communications Inc. will post 5.03 EPS for the current year.

Institutional Investors Weigh In On Verizon Communications

A number of hedge funds have recently modified their holdings of VZ. Strengthening Families & Communities LLC boosted its holdings in shares of Verizon Communications by 490.0% in the fourth quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after buying an additional 539 shares during the period. Gill Capital Partners LLC boosted its position in shares of Verizon Communications by 74.6% during the second quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier’s stock worth $26,000 after buying an additional 265 shares during the period. Robinswood Financial LLC bought a new position in shares of Verizon Communications during the first quarter worth about $27,000. Lam Group Inc. acquired a new stake in Verizon Communications in the 1st quarter valued at approximately $28,000. Finally, Sarver Vrooman Wealth Advisors raised its position in Verizon Communications by 173.0% in the 4th quarter. Sarver Vrooman Wealth Advisors now owns 707 shares of the cell phone carrier’s stock valued at $29,000 after buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Verizon Communications in a research note on Wednesday, August 26th. BNP Paribas Exane reduced their target price on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Royal Bank Of Canada raised their price target on Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. Wells Fargo & Company boosted their price objective on Verizon Communications from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Finally, Scotiabank increased their target price on Verizon Communications from $51.50 to $52.50 and gave the stock a “sector outperform” rating in a report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.97.

Verizon Communications Company Profile

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.