Verizon Communications Company Profile (NYSE:VZ)

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

Verizon Communications declared 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 is Thursday, July 6th. View Verizon Communications' Dividend History.

Verizon Communications announced that its Board of Directors has initiated a stock buyback program on Saturday, April 8th 2017, which permits the company to repurchase 100,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its shares are undervalued.

Verizon Communications Inc. (NYSE:VZ) announced its quarterly earnings data on Thursday, July, 27th. The company reported $0.96 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $0.96. The firm earned $30.55 billion during the quarter, compared to analysts' expectations of $29.84 billion. Verizon Communications had a net margin of 9.92% and a return on equity of 66.99%. Verizon Communications's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. View Verizon Communications' Earnings History.

Verizon Communications is scheduled to release their next quarterly earnings announcement on Thursday, July, 27th 2017. View Earnings Estimates for Verizon Communications.

28 brokers have issued 1-year price targets for Verizon Communications' shares. Their predictions 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 drop in short interest in the month of June. As of June 30th, there was short interest totalling 29,339,796 shares, a drop 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. Approximately 0.7% of the company's stock are short sold.

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 a variety of of retail and institutional 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., Boston Financial Mangement LLC and Aperio Group LLC. 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 bought by a variety of institutional investors in the last quarter, including Harbour Capital Advisors LLC, Flossbach Von Storch AG, Beutel Goodman & Co Ltd., Hexavest Inc., DnB Asset Management AS, Bank of Montreal Can, Mn Services Vermogensbeheer B.V. and NN Investment Partners Holdings N.V.. 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.