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Saturday, June 3, 2023

Verizon Communications Inc. (VZ) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Verizon Communications Inc. (VZ) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $36.77. The Verizon Communications Inc. has recorded 578,558 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Verizon to speak at SVB MoffettNathanson TMT Conference May 16.

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Stocks Info

Verizon Communications Inc. is listed on the NYSE in the Communication Services sector while operating in the Telecom Services industry. At the end of the last regular session, the stock closed at $36.77 and fluctuated between $37.63 as its day high and $36.72 as its day low. The current market capitalization of Verizon Communications Inc. is $154.62B. A total of 20.37 million shares were traded on the day, compared to an average of 18.31M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, VZ has seen 26 BUY and 31 SELL insider trades, representing the acquisition of 340,920 and the disposition of 205,159 shares. Over the last 12 months, there were 38 BUYs and 46 SELLs from insiders. Insiders purchased 808,982 shares during that period but sold 429,537.

In the most recent transaction, Silliman Craig L. sold 3,340 shares of VZ for 39.21 per share on Apr 10. After the transaction, the EVP&Pres.-VZ Global Services now owns 73,015 company shares. In a previous transaction on Mar 27, Silliman Craig L. sold 3,342 shares at 38.00 per share. VZ shares that EVP&Pres.-VZ Global Services owns now total 76,355.

Among the insiders who sold shares, Malady Kyle disposed of 6,226 shares on Mar 15 at a per-share price of $36.69. This resulted in the EVP and Group CEO-VZ Business holding 67,966 shares of VZ after the transaction. In another insider transaction, Malady Kyle sold 7,546 shares at $36.74 per share on Mar 14. Company shares held by the EVP and Group CEO-VZ Business now total 74,192.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Verizon Communications Inc. pays an annual dividend of $2.61, resulting in a dividend yield of 7.10%, and it has a price to earnings (P/E) ratio of 7.16. VZ’s most recent ex-dividend date was 4/6/2023 when it declared a $0.6525 quarterly dividend that was paid in cash on 5/1/2023. Previously, the company paid the dividend on 2/1/2023 with an ex-dividend date of 1/9/2023. The VZ stock dividend was $0.6525 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for VZ in the last 3 months, the mean price target is $41.98 with high estimates of $51.00 and low estimates of $37.00. In terms of 52-week highs and lows, VZ has a high of $52.18 and a low of $34.55.

As of this writing, VZ has an earnings estimate of $1.17 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.19 per share and a lower estimate of $1.12.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. VZ’s latest balance sheet shows that the firm has $2.92B in Cash & Short Term Investments as of fiscal 2021. There were $177.93B in debt and $47.16B in liabilities at the time. Its Book Value Per Share was $22.08, while its Total Shareholder’s Equity was $83.20B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VZ is Buy with a score of 3.50.

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