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After finishing at $41.43 in the prior trading day, Verizon Communications Inc (NYSE: VZ) closed at $40.79, down -1.54%. In other words, the price has decreased by -$1.54 from its previous closing price. On the day, 14.55 million shares were traded. VZ stock price reached its highest trading level at $41.4599 during the session, while it also had its lowest trading level at $40.7.
Ratios:
Our goal is to gain a better understanding of VZ by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.00. For the most recent quarter (mrq), Quick Ratio is recorded 0.62 and its Current Ratio is at 0.66. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 1.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on July 01, 2024, initiated with a Buy rating and assigned the stock a target price of $50.
On March 22, 2024, Redburn Atlantic Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $33 to $39.
Barclays Downgraded its Overweight to Equal Weight on January 31, 2024, while the target price for the stock was maintained at $44.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 22 ’24 when Malady Kyle sold 24,000 shares for $40.80 per share. The transaction valued at 979,200 led to the insider holds 35,201 shares of the business.
Malady Kyle sold 15,000 shares of VZ for $604,950 on Feb 15 ’24. The EVP and Group CEO-VZ Business now owns 59,201 shares after completing the transaction at $40.33 per share. On Dec 11 ’23, another insider, Silliman Craig L., who serves as the EVP&Pres.-VZ Global Services of the company, sold 3,340 shares for $38.29 each. As a result, the insider received 127,889 and left with 46,295 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VZ now has a Market Capitalization of 171695308800 and an Enterprise Value of 354130427904. As of this moment, Verizon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.21, and their Forward P/E ratio for the next fiscal year is 8.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 2.642 whereas that against EBITDA is 7.374.
Stock Price History:
The Beta on a monthly basis for VZ is 0.39, which has changed by 0.28385496 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, VZ has reached a high of $43.42, while it has fallen to a 52-week low of $30.14. The 50-Day Moving Average of the stock is 1.00%, while the 200-Day Moving Average is calculated to be 5.53%.
Shares Statistics:
The stock has traded on average 17.35M shares per day over the past 3-months and 16321350 shares per day over the last 10 days, according to various share statistics. A total of 4.21B shares are outstanding, with a floating share count of 4.21B. Insiders hold about 0.05% of the company’s shares, while institutions hold 63.91% stake in the company. Shares short for VZ as of 1719532800 were 46457794 with a Short Ratio of 2.68, compared to 1717113600 on 46415668. Therefore, it implies a Short% of Shares Outstanding of 46457794 and a Short% of Float of 1.0999999999999999.
Dividends & Splits
In the trailing 12 months, VZ’s forward annual dividend rate was 2.648, compared to 2.66 this year. Against a Trailing Annual Dividend Yield of 0.06391504The stock’s 5-year Average Dividend Yield is 5.38. The current Payout Ratio is 95.63% for VZ, which recently paid a dividend on 2024-07-10 with an ex-dividend date of 1720569600. Stock splits for the company last occurred on 2010-07-02 when the company split stock in a 1000000:937889 ratio.
