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. Recently, Yahoo Finance discussed the stock, revealing that Verizon Frontline bolsters its First Responder Advisory Council with newest member.
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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 $38.94 and fluctuated between $39.01 as its day high and $38.46 as its day low. The current market capitalization of Verizon Communications Inc is $163.71B. A total of 17.1 million shares were traded on the day, compared to an average of 22.67M 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 6 BUY and 12 SELL insider trades, representing the acquisition of 111,687 and the disposition of 111,687 shares. Over the last 12 months, there were 43 BUYs and 56 SELLs from insiders. Insiders purchased 1,105,125 shares during that period but sold 659,859.
In the most recent transaction, Silliman Craig L. sold 3,340 shares of VZ for 38.29 per share on Dec 11. After the transaction, the EVP&Pres.-VZ Global Services now owns 46,295 company shares. In a previous transaction on Nov 30, Silliman Craig L. sold 23,380 shares at 38.00 per share. VZ shares that EVP&Pres.-VZ Global Services owns now total 49,635.
Among the insiders who sold shares, Hammock Samantha disposed of 12,557 shares on Aug 11 at a per-share price of $33.29. This resulted in the EVP & Chief HR Officer holding 0 shares of VZ after the transaction. In another insider transaction, Russo Joseph J. sold 7,585 shares at $36.30 per share on May 23. Company shares held by the EVP&Pres-Global Networks&Tech now total 8,582.
Dividend
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 6.76%, and it has a price to earnings (P/E) ratio of 7.85. VZ’s most recent ex-dividend date was 1/9/2024 when it declared a $0.6650 quarterly dividend that was paid in cash on 2/1/2024. Previously, the company paid the dividend on 11/1/2023 with an ex-dividend date of 10/6/2023. The VZ stock dividend was $0.6650 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 $41.71 with high estimates of $48.00 and low estimates of $32.15. In terms of 52-week highs and lows, VZ has a high of $42.49 and a low of $30.14.
As of this writing, VZ has an earnings estimate of $1.08 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.16 per share and a lower estimate of $1.03. The company reported an EPS of $1.21 in the last quarter, which was 4.30% higher than expectations of $1.16.
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 3.79.
