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 5.22%. The ex-dividend date of this dividend is Thursday, July 6th. View Verizon Communications' Dividend History.

Verizon Communications declared that its board has approved a share buyback program on Saturday, April 8th 2017, which allows the company to repurchase 100,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Verizon Communications Inc. (NYSE:VZ) posted its quarterly earnings data on Tuesday, July, 26th. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.02. The firm had revenue of $30.53 billion for the quarter, compared to analyst estimates of $30.95 billion. Verizon Communications had a net margin of 9.92% and a return on equity of 66.99%. The company's quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS. 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 analysts have issued 1 year price objectives 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 drop in short interest in 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 volume of 14,999,096 shares, the short-interest ratio is currently 2.0 days. Approximately 0.7% of the company's 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), TELUS Corporation (TU), Level 3 Communications (LVLT), Telecom Italia S.P.A. (TI), 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 number of 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%), Beutel Goodman & Co Ltd. (0.13%), Chevy Chase Trust Holdings Inc. (0.11%) and Hexavest Inc. (0.10%). 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., BTIM Corp., Adams Diversified Equity Fund Inc., Aperio Group LLC, Exxonmobil Investment Management Inc. TX, Chevy Chase Trust Holdings Inc., BB&T Corp and Ledyard National Bank. 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 purchased 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 $44.23.