Analysts Set Verizon Communications Inc. (NYSE:VZ) PT at $50.03

Shares of Verizon Communications Inc. (NYSE:VZGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty analysts that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $50.3235.

A number of analysts have recently commented on VZ shares. Evercore boosted their price objective on Verizon Communications from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Wells Fargo & Company increased their target price on Verizon Communications from $41.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Oppenheimer lifted their price target on shares of Verizon Communications from $50.00 to $56.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. Williams Trading set a $54.00 price objective on shares of Verizon Communications in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada increased their price objective on shares of Verizon Communications from $44.00 to $48.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd.

Read Our Latest Report on VZ

Verizon Communications Price Performance

NYSE:VZ opened at $50.08 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 1.32. Verizon Communications has a 52 week low of $38.39 and a 52 week high of $51.67. The stock’s 50-day moving average price is $46.39 and its 200-day moving average price is $43.04. The stock has a market capitalization of $211.24 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.31.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings results on Friday, January 30th. The cell phone carrier reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.03. The company had revenue of $36.38 billion during the quarter, compared to analysts’ expectations of $36.20 billion. Verizon Communications had a return on equity of 19.03% and a net margin of 12.43%.Verizon Communications’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. Verizon Communications has set its FY 2026 guidance at 4.900-4.950 EPS. As a group, equities analysts expect that Verizon Communications will post 4.69 EPS for the current fiscal year.

Verizon Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, April 10th will be given a dividend of $0.7075 per share. This is a boost from Verizon Communications’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, April 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.7%. Verizon Communications’s payout ratio is currently 68.15%.

Insider Activity at Verizon Communications

In related news, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total value of $9,922,000.00. Following the sale, the director directly owned 145,069 shares in the company, valued at approximately $7,196,873.09. The trade was a 57.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mary-Lee Stillwell sold 8,569 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $50.00, for a total value of $428,450.00. Following the sale, the senior vice president owned 43,782 shares of the company’s stock, valued at approximately $2,189,100. This trade represents a 16.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 218,148 shares of company stock valued at $10,780,356. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Verizon Communications

Large investors have recently made changes to their positions in the company. Strengthening Families & Communities LLC lifted its holdings in Verizon Communications by 490.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock valued at $26,000 after purchasing an additional 539 shares in the last quarter. TruNorth Capital Management LLC grew its holdings in shares of Verizon Communications by 95.3% during the third quarter. TruNorth Capital Management LLC now owns 625 shares of the cell phone carrier’s stock worth $27,000 after buying an additional 305 shares in the last quarter. Holos Integrated Wealth LLC purchased a new stake in shares of Verizon Communications during the fourth quarter worth $28,000. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of Verizon Communications in the third quarter valued at about $29,000. Finally, EQ Wealth Advisors LLC purchased a new position in shares of Verizon Communications in the fourth quarter worth about $29,000. 62.06% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Verizon Communications

Here are the key news stories impacting Verizon Communications this week:

About Verizon Communications

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Verizon Communications (NYSE:VZ)

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