Verizon Communications Company Profile (NYSE:VZ)

Verizon Communications trades on the New York Stock Exchange (NYSE) under the ticker symbol "VZ."

Verizon Communications announced a quarterly dividend on Thursday, June 1st. Shareholders of record on Monday, July 10th will be given a dividend of $0.5775 per share on Tuesday, August 1st. This represents a $2.31 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, July 6th. View Verizon Communications' Dividend History.

Verizon Communications announced that its board has approved a stock repurchase program on Saturday, April 8th 2017, which permits the company to buyback 100,000,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Verizon Communications Inc. (NYSE:VZ) issued its earnings results on Tuesday, July, 26th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02. The company had revenue of $30.53 billion for the quarter, compared to analyst estimates of $30.95 billion. Verizon Communications had a return on equity of 66.99% and a net margin of 9.92%. Verizon Communications's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. View Verizon Communications' Earnings History.

Verizon Communications is scheduled to release their next quarterly earnings announcement on Thursday, October, 19th 2017. View Earnings Estimates for Verizon Communications.

28 analysts have issued 1 year price targets for Verizon Communications' shares. Their forecasts range from $46.00 to $80.00. On average, they anticipate Verizon Communications' share price to reach $53.39 in the next year. View Analyst Ratings for Verizon Communications.

Here are some recent quotes from research analysts about Verizon Communications stock:

• 1. According to Zacks Investment Research, "Over the past three months, share price of Verizon moved down by 11.79% while the Zacks U.S. Wireless National industry’s lost 8.57%. Notably, Verizon operates in a highly competitive and saturated wireless U.S. market. Moreover, losses in access lines, operating expenses, marketing costs associated with attractive discounts, regulatory norms and union issues act as major headwinds. However, Verizon’s 5G wireless network trials in 11 U.S. cities with plans to deploy its fixed wireless version in 2018 and the deal to buy Straight Path Communications complements its 5G wireless expansion strategies. Verizon is gearing up to launch an online TV streaming service later this year. Buyout of Yahoo will boost Verizon’s digital media suite. Verizon’s unlimited data plans have heated up the wireless industry. Verizon is on track to bolster its foothold in the fiber and Internet of Things space through different deals." (7/13/2017)
• 2. Drexel Hamilton analysts commented, "We expect another slow quarter in 3Q as the world awaits Apple’s (AAPL – Buy) new iPhone." (7/27/2016)

Verizon Communications saw a decrease in short interest in the month of June. As of June 30th, there was short interest totalling 29,339,796 shares, a decrease of 13.0% from the June 15th total of 33,718,753 shares. Based on an average daily trading volume, of 14,999,096 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.7% of the shares of the stock are sold short.

Some companies that are related to Verizon Communications include Telefonica SA (TEF), Orange SA (ORAN), BCE (BCE), BT Group PLC (BT), Telefonica Brasil S.A. (VIV), Telecom Italia S.P.A. (TI), TELUS Corporation (TU), Level 3 Communications (LVLT), CenturyLink (CTL), Shaw Communications (SJR), KT Corporation (KT), PLDT (PHI), Telecom Argentina Stet - France Telecom S.A. (TEO), Neustar (NSR), Talktalk Telecom Group PLC (TALK), 8x8 (EGHT), Frontier Communications Corporation (FTR) and ATN International (ATNI).

Verizon Communications' management team includes the folowing people:

• Lowell C. McAdam, Chairman of the Board, Chief Executive Officer
• Matthew D. Ellis, Chief Financial Officer, Executive Vice President
• Marc C. Reed, Executive Vice President, Chief Administrative Officer
• Diego Scotti, Executive Vice President, Chief Marketing Officer
• Roger Gurnani, Executive Vice President, Chief Information and Technology Architect
• Craig L. Silliman, Executive Vice President – Public Policy and General Counsel
• John G. Stratton, Executive Vice President, President - Operations
• Marni M. Walden, Executive Vice President, President – Product Innovation and New Businesses
• Anthony T. Skiadas, Senior Vice President, Controller
• Andrew McKechnie, Chief Creative Officer

Verizon Communications' stock is owned by many different of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (0.31%), Bank of Montreal Can (0.18%), State Treasurer State of Michigan (0.17%), PGGM Investments (0.14%), Beutel Goodman & Co Ltd. (0.13%) and Chevy Chase Trust Holdings Inc. (0.11%). Company insiders that own Verizon Communications stock include Anthony T Skiadas, Craig L Silliman, Diego Scotti, Marni M Walden and Roger Gurnani. View Institutional Ownership Trends for Verizon Communications.

Verizon Communications' stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., ING Groep NV, APG Asset Management N.V., PGGM Investments, BTIM Corp., Adams Diversified Equity Fund Inc., Aperio Group LLC and Lodestar Investment Counsel LLC IL. Company insiders that have sold Verizon Communications stock in the last year include Anthony T Skiadas, Craig L Silliman, Marni M Walden and Roger Gurnani. View Insider Buying and Selling for Verizon Communications.

Verizon Communications' stock was acquired by a variety of institutional investors in the last quarter, including Beutel Goodman & Co Ltd., Hexavest Inc., DnB Asset Management AS, Bank of Montreal Can, Mn Services Vermogensbeheer B.V., NN Investment Partners Holdings N.V., National Pension Service and Forsta AP Fonden. View Insider Buying and Selling for Verizon Communications.

Shares of Verizon Communications can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Verizon Communications stock can currently be purchased for approximately $44.40.