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, September 7th. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.59 per share on Wednesday, November 1st. This represents a $2.36 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Friday, October 6th. This is a positive change from Verizon Communications's previous quarterly dividend of $0.58. 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 authorizes the company to buyback 100,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Verizon Communications Inc. (NYSE:VZ) posted its earnings results on Thursday, October, 19th. The company reported $0.98 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.98. The company had revenue of $31.70 billion for the quarter, compared to analysts' expectations of $31.45 billion. Verizon Communications had a net margin of 12.80% and a return on equity of 58.66%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. View Verizon Communications' Earnings History.

Verizon Communications is scheduled to release their next quarterly earnings announcement on Tuesday, January, 23rd 2018. View Earnings Estimates for Verizon Communications.

25 analysts have issued twelve-month target prices for Verizon Communications' stock. Their predictions range from $46.00 to $80.00. On average, they expect Verizon Communications' stock price to reach $53.28 in the next twelve months. View Analyst Ratings for Verizon Communications.

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

• 1. Macquarie analysts commented, "We model 4Q/’18 postpaid net adds of 711k/1.6m driven by churn of 1.04%/1.03%. We expect continued pressure on postpaid ARPA through 4Q, but at a lesser magnitude of decline. 5G is a priority as management believes the standards will be set by year-end. Verizon used proceeds from its wireline/data center sales to invest in mmWave spectrum/fiber assets, while partnerships with Ericsson, Samsung, Qualcomm, and Intel are also bearing fruit. Data around its 5G trials in 11 markets should come in 4Q, but its goal of launching a fixed wireless offering in ’18 remains. Ahead of the ‘18/’19 auction, we expect Verizon will continue to secure spectrum/fiber assets. #2 Net video losses of 18k stemmed from competitive pressures and a continued shift to traditional linear/OTT." (10/22/2017)
• 2. 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)

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), TELUS Corporation (TU), Level 3 Communications (LVLT), Telecom Italia S.P.A. (TI), Altice USA (ATUS), CenturyLink (CTL), Shaw Communications (SJR), KT Corporation (KT), PLDT (PHI), Telecom Argentina Stet - France Telecom S.A. (TEO), 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 number of of institutional and retail investors. Top institutional shareholders include State Treasurer State of Michigan (0.16%), APG Asset Management N.V. (0.15%), PGGM Investments (0.10%), Robeco Institutional Asset Management B.V. (0.07%), Shell Asset Management Co. (0.03%) and Sit Investment Associates Inc. (0.03%). 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 APG Asset Management N.V., PGGM Investments, State Treasurer State of Michigan, Inverness Counsel LLC NY, Douglas Lane & Associates LLC, Bridges Investment Counsel Inc., Quantitative Systematic Strategies LLC and Private Asset Management Inc.. 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 Shell Asset Management Co., Hermes Investment Management Ltd., Assenagon Asset Management S.A., Carnick & Kubik Group LLC, Curbstone Financial Management Corp, Stokes & Hubbell Capital Management LLC, FormulaFolio Investments LLC and Park National Corp OH. 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 $49.53.