Verizon Communications Stock Price, News & Analysis (NYSE:VZ)

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Verizon Communications in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VZ shares.
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12 equities research analysts have issued 1-year price targets for Verizon Communications' shares. Their VZ share price targets range from $36.00 to $49.00. On average, they anticipate the company's share price to reach $41.50 in the next year. This suggests a possible upside of 8.5% from the stock's current price.
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Verizon Communications' stock was trading at $39.40 at the beginning of 2023. Since then, VZ stock has decreased by 2.9% and is now trading at $38.25.
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Verizon Communications saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 48,460,000 shares, an increase of 21.6% from the October 15th total of 39,860,000 shares. Based on an average daily volume of 22,560,000 shares, the days-to-cover ratio is presently 2.1 days.
View Verizon Communications' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024.
View our VZ earnings forecast.

Verizon Communications will be holding an earnings conference call on Tuesday, January 23rd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Verizon Communications Inc. (NYSE:VZ) issued its earnings results on Tuesday, October, 24th. The cell phone carrier reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.05. The cell phone carrier had revenue of $33 billion for the quarter, compared to the consensus estimate of $33.27 billion. Verizon Communications had a trailing twelve-month return on equity of 21.26% and a net margin of 15.58%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 EPS.
Read the conference call transcript.

Verizon Communications declared a quarterly dividend on Thursday, December 7th. Shareholders of record on Wednesday, January 10th will be paid a dividend of $0.665 per share on Thursday, February 1st. This represents a $2.66 annualized dividend and a dividend yield of 6.95%. The ex-dividend date is Tuesday, January 9th.
Read our dividend analysis for VZ.

Verizon Communications (NYSE:VZ) pays an annual dividend of $2.66 per share and currently has a dividend yield of 6.88%. VZ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VZ will have a dividend payout ratio of 57.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VZ.

ETFs with the largest weight of Verizon Communications (NYSE:VZ) stock in their portfolio include iShares U.S. Telecommunications ETF (IYZ), First Trust Morningstar Dividend Leaders Index (FDL), Invesco Dow Jones Industrial Average Dividend ETF (DJD), iShares Core High Dividend ETF (HDV), FT Cboe Vest DJIA Dogs 10 Target Income ETF (DOGG), WBI Power Factor High Dividend ETF (WBIY), TrueShares Low Volatility Equity Income ETF (DIVZ) and Vanguard Communication Services ETF (VOX).

Verizon Communications updated its FY23 earnings guidance on Tuesday, October, 24th. The company provided earnings per share guidance of $4.55-4.85 for the period, compared to the consensus EPS estimate of $4.67.

1,639 employees have rated Verizon Communications Chief Executive Officer Hans Vestberg on Glassdoor.com. Hans Vestberg has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Verizon Communications investors own include AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Pfizer (PFE), Walt Disney (DIS), NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), AbbVie (ABBV) and Home Depot (HD).

Verizon Communications' stock is owned by a variety of retail and institutional investors. Top institutional investors include Charles Schwab Investment Management Inc. (2.33%), Morgan Stanley (1.78%), Northern Trust Corp (1.06%), Bank of New York Mellon Corp (0.77%), Legal & General Group Plc (0.71%) and FMR LLC (0.68%). Insiders that own company stock include Craig L Silliman, Craig L Silliman, Hans Erik Vestberg, Joseph J Russo, Kumara Guru Gowrappan, Kyle Malady, Samantha Hammock and Tami A Erwin.
View institutional ownership trends.

Shares of VZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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