Verizon Communications Inc (NYSE:VZ) has a beta value of 0.42 and has seen 12.66 million shares traded in the recent trading session. The company, currently valued at $173.97B, closed the recent trade at $41.33 per share which meant it lost -$2.1 on the day or -4.85% during that session. The VZ stock price is -14.57% off its 52-week high price of $47.35 and 9.07% above the 52-week low of $37.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.79 million shares traded. The 3-month trading volume is 23.57 million shares.
The consensus among analysts is that Verizon Communications Inc (VZ) is Buy stock at the moment, with a recommendation rating of 2.38. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 18 have rated it as a Hold, with 12 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.15.
Verizon Communications Inc (NYSE:VZ) trade information
Sporting -4.85% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the VZ stock price touched $41.33 or saw a rise of 12.71%. Year-to-date, Verizon Communications Inc shares have moved 3.34%, while the 5-day performance has seen it change -3.54%. Over the past 30 days, the shares of Verizon Communications Inc (NYSE:VZ) have changed 3.44%. Short interest in the company has seen 64.88 million shares shorted with days to cover at 3.06.
Wall Street analysts have a consensus price target for the stock at $47.5, which means that the shares’ value could jump 12.99% from the levels at last check today. The projected low price target is $44.0 while the price target rests at a high of $52.0. In that case, then, we find that the latest price level in today’s session is -25.82% off the targeted high while a plunge would see the stock gain -6.46% from the levels at last check today.
Verizon Communications Inc (VZ) estimates and forecasts
The company’s shares have lost -3.29% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1.61%.
15 analysts offering their estimates for the company have set an average revenue estimate of 33.44B for the current quarter. 14 have an estimated revenue figure of 33.48B for the next ending quarter. Year-ago sales stood 32.98B and 32.8B respectively for this quarter and the next, and analysts expect sales will grow by 1.39% for the current quarter and 1.61% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -2.29% over the past 5 years. Earnings growth for 2025 is a modest 1.84% while over the next 5 years, the company’s earnings are expected to increase by 3.63%.
VZ Dividends
Verizon Communications Inc is expected to release its next earnings report on 2025-Jan-23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.69 at a share yield of 6.50%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 5.67%.
Verizon Communications Inc (NYSE:VZ)’s Major holders
Insiders own 0.05% of the company shares, while shares held by institutions stand at 66.06% with a share float percentage of 66.09%. Investors are also buoyed by the number of investors in a company, with Verizon Communications Inc having a total of 3695.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 354.04 million shares worth more than $14.6 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.3995% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 348.87 million shares as of 2024-06-30. The firm’s total holdings are worth over $14.39 billion and represent 8.2769% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Dec 31, 2024, the former fund manager holds about 2.82% shares in the company for having 118.72 shares of worth $4.94 billion while later fund manager owns 113.95 shares of worth $4.75 billion as of Dec 31, 2024, which makes it owner of about 2.71% of company’s outstanding stock.
