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Wednesday, December 6, 2023

Taking On Challenges And Growing? – Verizon Communications Inc (VZ)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Verizon Communications Inc (VZ) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.055, or -0.15%, to $35.565. The Verizon Communications Inc has recorded 492,122 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Verizon Business announces donations to Wounded Warrior Project, Bunker Labs.

Stocks Info

Verizon Communications Inc is listed on the NYSE as a member of the Communication Services sector and is a part of the Telecom Services industry. At the end of the last regular session, the stock closed at $35.62 and fluctuated between $36.05 as its day high and $35.46 as its day low. The current market capitalization of Verizon Communications Inc is $149.75B. A total of 15.68 million shares were traded on the day, compared to an average of 22.56M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, VZ has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 250,578 and the disposition of 150,594 shares. Over the last 12 months, there were 37 BUYs and 44 SELLs from insiders. Insiders purchased 979,337 shares during that period but sold 540,421.

In the most recent transaction, Hammock Samantha sold 12,557 shares of VZ for 33.29 per share on Aug 11. After the transaction, the EVP & Chief HR Officer now owns 0 company shares. In a previous transaction on May 23, Russo Joseph J. sold 7,585 shares at 36.30 per share. VZ shares that EVP&Pres-Global Networks&Tech owns now total 8,582.

Among the insiders who sold shares, Silliman Craig L. disposed of 3,340 shares on Apr 10 at a per-share price of $39.21. This resulted in the EVP&Pres.-VZ Global Services holding 73,015 shares of VZ after the transaction. In another insider transaction, Silliman Craig L. sold 3,342 shares at $38.00 per share on Mar 27. Company shares held by the EVP&Pres.-VZ Global Services now total 76,355.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Verizon Communications Inc pays an annual dividend of $2.63, resulting in a dividend yield of 7.39%, and it has a price to earnings (P/E) ratio of 7.18. VZ’s most recent ex-dividend date was 10/6/2023 when it declared a $0.6650 quarterly dividend that was paid in cash on 11/1/2023. Previously, the company paid the dividend on 8/1/2023 with an ex-dividend date of 7/7/2023. The VZ stock dividend was $0.6525 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for VZ in the last 3 months, the mean price target is $39.42 with high estimates of $48.00 and low estimates of $31.74. In terms of 52-week highs and lows, VZ has a high of $42.58 and a low of $30.14.

As of this writing, VZ has an earnings estimate of $1.11 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.2 per share and a lower estimate of $1.08.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $23.25, while its Total Shareholder’s Equity was $83.20B.

Analysts Opinion

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. 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 3.61.

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