Verizon Communications (NYSE:VZ) CEO Kyle Malady Sells 1,100 Shares

Verizon Communications Inc. (NYSE:VZ) CEO Kyle Malady sold 1,100 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $50.50, for a total value of $55,550.00. Following the completion of the sale, the chief executive officer owned 107,666 shares in the company, valued at $5,437,133. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing 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 shares were 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 stock was sold at an average price of $48.68, for a total value of $53,548.00.

Verizon Communications Price Performance

Verizon Communications stock opened at $50.21 on Thursday. The stock has a market cap of $208.60 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.71 and a beta of 0.26. 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 business has a 50-day simple moving average of $46.16 and a 200 day simple moving average of $47.45. Verizon Communications Inc. has a 52 week low of $38.39 and a 52 week high of $51.68.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on VZ shares. Scotiabank lifted their target price on shares of Verizon Communications from $51.50 to $52.50 and gave the company a “sector outperform” rating in a research report on Monday, July 27th. Moffett Nathanson decreased their price target on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Weiss Ratings restated a “buy (b)” rating on shares of Verizon Communications in a research report on Wednesday, August 26th. Freedom Capital raised shares of Verizon Communications to a “hold” rating in a report on Friday, June 12th. Finally, BNP Paribas Exane cut their target price on shares of Verizon Communications from $46.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Eight research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.97.

Institutional Trading of Verizon Communications

A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Verizon Communications by 4,016.0% in the 2nd quarter. California State Teachers Retirement System now owns 271,369,762 shares of the cell phone carrier’s stock worth $11,489,796,000 after acquiring an additional 264,776,704 shares during the last quarter. Norges Bank bought a new position in shares of Verizon Communications during the 4th quarter valued at $2,357,158,000. Bank of America Corp DE grew its holdings in shares of Verizon Communications by 15.4% during the 1st quarter. Bank of America Corp DE now owns 62,101,021 shares of the cell phone carrier’s stock valued at $3,117,471,000 after purchasing an additional 8,289,877 shares during the last quarter. Bank of New York Mellon Corp raised its position in Verizon Communications by 31.2% in the 4th quarter. Bank of New York Mellon Corp now owns 31,584,162 shares of the cell phone carrier’s stock worth $1,286,423,000 after purchasing an additional 7,509,055 shares during the period. Finally, State Street Corp raised its position in Verizon Communications by 3.5% in the 4th quarter. State Street Corp now owns 222,951,399 shares of the cell phone carrier’s stock worth $9,080,810,000 after purchasing an additional 7,461,335 shares during the period. Institutional investors own 62.06% of the company’s stock.

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.