Insider Selling: Verizon Communications (NYSE:VZ) CEO Sells $53,548.00 in Stock

Key Points

• Verizon CEO Kyle Malady sold 1,100 shares at an average price of $48.68, generating $53,548 in proceeds under a pre-arranged Rule 10b5-1 trading plan. He retained 109,866 shares afterward.
• Verizon shares recently traded at $49.14, while the company reported quarterly EPS of $1.30, beating estimates, despite revenue of $34.25 billion falling short of expectations and declining 0.7% year over year.
• Verizon maintains an annualized dividend of $2.83 per share, yielding approximately 5.8%. Analysts have a consensus “Hold” rating with an average price target of $50.84.

Verizon Communications Inc. (NYSE:VZ - Get Free Report) CEO Kyle Malady sold 1,100 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $48.68, for a total value of $53,548.00. Following the sale, the chief executive officer directly owned 109,866 shares of the company's stock, valued at approximately $5,348,276.88. This represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Verizon Communications Stock Performance

Shares of NYSE:VZ traded up $0.60 during midday trading on Wednesday, reaching $49.14. The company had a trading volume of 9,641,309 shares, compared to its average volume of 28,372,701. The company's 50 day moving average price is $45.41 and its 200 day moving average price is $47.17. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.36. The stock has a market cap of $204.15 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.35 and a beta of 0.25. Verizon Communications Inc. has a 52-week low of $38.39 and a 52-week high of $51.68.

Verizon Communications (NYSE:VZ - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The cell phone carrier reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.03. The business had revenue of $34.25 billion during the quarter, compared to the consensus estimate of $35.16 billion. Verizon Communications had a net margin of 11.64% and a return on equity of 19.48%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. Verizon Communications has set its FY 2026 guidance at 4.990-5.040 EPS. As a group, sell-side analysts anticipate that Verizon Communications Inc. will post 5.03 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 10th were paid a dividend of $0.7075 per share. The ex-dividend date was Friday, July 10th. This represents a $2.83 annualized dividend and a dividend yield of 5.8%. Verizon Communications's dividend payout ratio (DPR) is presently 73.70%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. RKL Wealth Management LLC lifted its holdings in Verizon Communications by 4.3% in the 1st quarter. RKL Wealth Management LLC now owns 5,338 shares of the cell phone carrier's stock worth $268,000 after purchasing an additional 218 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in Verizon Communications by 8.6% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 2,765 shares of the cell phone carrier's stock valued at $113,000 after buying an additional 219 shares in the last quarter. Frazier Financial Advisors LLC raised its position in shares of Verizon Communications by 32.7% during the first quarter. Frazier Financial Advisors LLC now owns 888 shares of the cell phone carrier's stock valued at $45,000 after buying an additional 219 shares during the last quarter. FAS Wealth Partners Inc. raised its position in shares of Verizon Communications by 1.2% during the first quarter. FAS Wealth Partners Inc. now owns 18,421 shares of the cell phone carrier's stock valued at $925,000 after buying an additional 223 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its holdings in shares of Verizon Communications by 0.7% in the fourth quarter. Sumitomo Life Insurance Co. now owns 35,023 shares of the cell phone carrier's stock worth $1,426,000 after buying an additional 227 shares in the last quarter. Institutional investors own 62.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley upped their price objective on Verizon Communications from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, July 27th. TD Cowen raised their target price on Verizon Communications from $54.00 to $56.00 and gave the stock a "buy" rating in a research report on Monday, July 27th. Royal Bank Of Canada boosted their target price on Verizon Communications from $46.00 to $47.00 and gave the company a "sector perform" rating in a research note on Monday, July 27th. Wells Fargo & Company increased their price target on Verizon Communications from $43.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. Finally, Moffett Nathanson lowered their price objective on Verizon Communications from $56.00 to $49.00 and set a "neutral" rating on the stock in a research note on Monday, July 20th. Nine equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $50.84.

About Verizon Communications

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.

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