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

Verizon Communications Inc. (NYSE:VZ) CEO Kyle Malady sold 1,100 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $50.06, for a total transaction of $55,066.00. Following the transaction, the chief executive officer directly owned 108,766 shares in the company, valued at approximately $5,444,825.96. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 Stock Performance

NYSE VZ opened at $50.18 on Thursday. The company has a market cap of $208.49 billion, a P/E ratio of 13.07, a PEG ratio of 1.40 and a beta of 0.25. The company has a fifty day simple moving average of $45.73 and a 200 day simple moving average of $47.38. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. 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 earnings results on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. Verizon Communications had a return on equity of 19.48% and a net margin of 11.64%.The company had revenue of $34.25 billion for the quarter, compared to analysts’ expectations of $35.16 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Verizon Communications’s quarterly revenue was down .7% on a year-over-year basis. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. Sell-side analysts predict that Verizon Communications Inc. will post 5.03 earnings per share for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 10th were paid a dividend of $0.7075 per share. This represents a $2.83 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Friday, July 10th. Verizon Communications’s payout ratio is 73.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Robinswood Financial LLC acquired a new stake in Verizon Communications during the first quarter worth $27,000. Lam Group Inc. purchased a new position in shares of Verizon Communications during the 1st quarter worth $28,000. Gill Capital Partners LLC grew its holdings in shares of Verizon Communications by 74.6% during the 2nd quarter. Gill Capital Partners LLC now owns 620 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 265 shares during the period. Strengthening Families & Communities LLC increased its position in shares of Verizon Communications by 490.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 649 shares of the cell phone carrier’s stock worth $26,000 after purchasing an additional 539 shares during the last quarter. Finally, EQ Wealth Advisors LLC purchased a new position in Verizon Communications during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Analysts Set New Price Targets

VZ has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on shares of Verizon Communications from $46.00 to $47.00 and gave the company a “sector perform” rating in a research note on Monday, July 27th. BNP Paribas Exane dropped their target price on Verizon Communications from $46.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Wells Fargo & Company upped their target price on Verizon Communications from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, July 27th. Moffett Nathanson lowered their target price on shares of Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, July 20th. Finally, TD Cowen lifted their price target on Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $50.84.

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.