Verizon Communications Inc. (NYSE:VZ) went up to recover about 11.68% since recording its record low price of $51.11. The stock experienced 1.28% jump, arriving at $57.08 on 7/26/2019. During the day, the stock price traveled from $56 to $57.23. This company shares are 3.99% off its target price of $59.36 and the current market capitalization stands at $236.2B. The recent change has given its price a -0.5% deficit over SMA 50 and -7.31% deficit over its 52-week high. The stock witnessed 0.16% gains, 0.88% gains and 1.21% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found VZ’s volatility during a week at 1.82% and during a month it has been found around 1.31%.
What Does Verizon Communications Inc. (VZ) Do?
The company describes itself in regulatory filings as, “Verizon Communications, Inc. is a holding company, which engages in the provision communications, information and entertainment products and services to consumers, businesses and governmental agencies. It operates through Wireless and Wireline segments. The Wireless segment provides wireless voice and data services and equipment sales, which are provided to consumer, business, and government customers. The Wireline segment offers broadband video and data; corporate networking solutions; data center and cloud services; security and managed network services; and local and long distance voice services. It also offers voice, data and video services and solutions. The company was founded in 1983 and is headquartered in New York, NY.” [Text can be found here: https://www.marketwatch.com/investing/stock/VZ/profile under company description.]Verizon Communications Inc. (VZ) Top Holders
Institutional investors currently hold around $157.82 billion or 68.3% in VZ stock. Look at its top three institutional owners: Vanguard Group Inc owns $18.25 billion in Verizon Communications Inc., which represents roughly 7.73% of the company’s market cap and approximately 11.56% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 311,716,865 shares of the stock are valued at $17.79 billion. The third largest holder is State Street Corp, which currently holds $9.22 billion worth of this stock and that ownership represents nearly 3.9% of its market capitalization.Verizon Communications Inc. 13F Filings
At the end of March reporting period, 1,253 institutional holders increased their position in Verizon Communications Inc. (NYSE:VZ) by some 107,661,500 shares, 1,006 decreased positions by 114,857,938 and 205 held positions by 2,542,000,000. That puts total institutional holdings at 2,765,000,000 shares, according to SEC filings. The stock grabbed 110 new institutional investments totaling 6,641,840 shares while 95 institutional investors sold out their entire positions totaling 8,305,780 shares.Verizon Communications Inc. (NYSE:VZ) Insider Trades
Multiple company employees have indulged in significant insider trading. Verizon Communications Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP of PubPolicy & Gen Counsel SILLIMAN CRAIG L. has sold 1,349 shares of Verizon Communications Inc. (VZ) in the trading session dated Jun. 26, 2019. These shares are worth $78,444 and were traded at $58.15 each. The SEC filing shows that SILLIMAN CRAIG L. performed a sale of 1,349 shares. The EVP of PubPolicy & Gen Counsel disposed these shares by way of transaction on May. 28, 2019. The company’s shares were given away at $59.2 per share worth to an income of some $79,861 to the account of SILLIMAN CRAIG L..
SVP & Controller, Skiadas Anthony T, sold 6,134 common shares of Verizon Communications Inc. (VZ) in the open market. In a transaction dated May. 01, 2019, the shares were put up for sale at an average price of $57.11, raking in a sum of $350,313. After this sale, 22,013 common shares of VZ are directly owned by the insider, with total stake valued at $1,256,502.
In the transaction dated Apr. 26, 2019, a great number of shares sold came courtesy the EVP of PubPolicy & Gen Counsel; SILLIMAN CRAIG L. disposed a total of 1,349 shares at an average price of $56.06, amounting to approximately $75,625. The insider now directly owns 32,041 shares worth $1,828,900.Verizon Communications Inc. (VZ) Analyst Guide
Several analysts have released their opinion on Verizon Communications Inc. (NYSE:VZ), with 3 analysts believing it is a strong buy. Whereas 18 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.58 average brokerage recommendation [T1].