Verizon Communications Inc. (NYSE:VZ – Get Free Report) CEO Kyle Malady sold 1,100 shares of Verizon Communications stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $42.93, for a total transaction of $47,223.00. Following the completion of the transaction, the chief executive officer directly owned 101,066 shares of the company’s stock, valued at approximately $4,338,763.38. This represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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, October 6th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The stock was sold at an average price of $45.75, for a total transaction of $50,325.00.
- On Tuesday, September 29th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The stock was sold at an average price of $46.40, for a total transaction of $51,040.00.
- On Tuesday, September 22nd, Kyle Malady sold 1,100 shares of Verizon Communications stock. The shares were sold at an average price of $47.65, for a total transaction of $52,415.00.
- On Tuesday, September 8th, Kyle Malady sold 1,100 shares of Verizon Communications stock. The stock was sold at an average price of $49.98, for a total transaction of $54,978.00.
- On Tuesday, September 1st, Kyle Malady sold 1,100 shares of Verizon Communications stock. The stock was sold at an average price of $50.50, for a total transaction of $55,550.00.
- 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 Stock Performance
Shares of NYSE VZ traded up $0.66 during mid-day trading on Wednesday, hitting $44.19. The company had a trading volume of 12,990,925 shares, compared to its average volume of 27,253,990. The stock has a market cap of $183.58 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.45 and a beta of 0.26. Verizon Communications Inc. has a 12 month low of $38.39 and a 12 month high of $51.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.60 and a quick ratio of 0.57. The firm’s 50 day simple moving average is $48.02 and its two-hundred day simple moving average is $46.94.
Verizon Communications Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 9th will be given a $0.7075 dividend. The ex-dividend date is Friday, October 9th. This represents a $2.83 annualized dividend and a yield of 6.4%. Verizon Communications’s dividend payout ratio (DPR) is currently 73.70%.
Institutional Trading of Verizon Communications
Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in Verizon Communications by 15.4% in 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Verizon Communications by 14.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,173,226 shares of the cell phone carrier’s stock worth $1,743,274,000 after purchasing an additional 5,075,794 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Verizon Communications by 20.8% during the 1st quarter. Bank of New York Mellon Corp now owns 38,164,982 shares of the cell phone carrier’s stock worth $1,915,882,000 after purchasing an additional 6,580,820 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Verizon Communications by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 32,734,998 shares of the cell phone carrier’s stock worth $1,643,339,000 after buying an additional 1,972,634 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Verizon Communications by 6.7% during the second quarter. Deutsche Bank AG now owns 20,882,074 shares of the cell phone carrier’s stock worth $884,147,000 after buying an additional 1,305,471 shares in the last quarter. 62.06% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on VZ shares. Morgan Stanley lifted their price target on Verizon Communications from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, July 27th. Wells Fargo & Company raised 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 reduced their price target on Verizon Communications from $56.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Scotiabank decreased their target price on shares of Verizon Communications from $51.50 to $50.00 and set a “sector outperform” rating for the company in a research report on Friday, October 9th. Finally, TD Cowen upped their price target on shares of Verizon Communications from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.80.
Read Our Latest Analysis on Verizon Communications
Verizon Communications News Roundup
Here are the key news stories impacting Verizon Communications this week:
- Positive Sentiment: Verizon announced complimentary safety, family-protection and productivity benefits—including Digital Secure, Verizon Family, Call Filter and six months of Google AI Pro for eligible subscribers. The perks could improve customer retention and make Verizon’s plans more valuable. Verizon delivers extra value with free safety, family and AI perks
- Positive Sentiment: A new reseller agreement with SKYBOXE expands Verizon Business’s distribution of 5G fixed-wireless services to small businesses and remote operations, supporting broadband growth without relying solely on traditional wired networks. Verizon adds a reseller for business 5G fixed wireless
- Positive Sentiment: Several investment articles highlight Verizon’s low forward valuation and roughly 6%–6.5% dividend yield, supported by wireless stability, broadband expansion and cash generation. This may attract income-focused buyers after the recent selloff, although debt remains a key risk. Verizon’s low forward P/E and dividend yield
- Neutral Sentiment: Bernstein maintained a Hold rating, indicating limited conviction that Verizon’s near-term risk-reward profile has materially improved. Bernstein keeps Hold rating on Verizon
- Negative Sentiment: Bernstein reportedly cut price targets across Verizon and other communications stocks, citing SpaceX Starlink’s potential competitive impact, carrier pricing actions and normal fourth-quarter seasonality. The threat could pressure wireless pricing and subscriber growth. Bernstein cuts telecom stock price targets
- Negative Sentiment: Verizon is also addressing customer backlash over the planned retirement of a legacy landline service in several states, creating reputational and regulatory uncertainty even if the move lowers long-term operating costs. Verizon responds to customer backlash over landline retirement
About Verizon Communications
Verizon Communications Inc is a telecommunications company headquartered in New York City and listed on the New York Stock Exchange under the symbol VZ. The company was formed in 2000 through the merger of Bell Atlantic and GTE and has developed into one of the largest communications providers in the United States.
Verizon’s consumer business provides wireless voice and data services, smartphones and other connected devices, home internet, broadband, and related communications products.
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