Verizon Communications (NYSE:VZ) CEO Sells $54,978.00 in Stock
π CEO Kyle Malady sold 1,100 shares for $54,978.00 on September 8th under a pre-arranged Rule 10b5-1 trading plan.
π° Verizon reported Q2 EPS of $1.30, beating analyst estimates of $1.27 despite revenue coming in at $34.25 billion.
π The company declared a quarterly dividend of $0.7075 per share with an annualized yield of 5.7% payable on November 2nd.
π¦ Institutional investors including California State Teachers Retirement System increased their stakes in the second quarter.
π― Analyst consensus price target stands at $50.97 with a mix of 'Buy' and 'Hold' ratings from major firms.
π Verizon maintains a market capitalization of $206.48 billion with a P/E ratio of 12.94 and a beta of 0.26.
Bullish Signals
- Verizon reported Q2 EPS of $1.30, beating analyst consensus estimates of $1.27 by $0.03.
- The company declared a quarterly dividend of $0.7075 per share with an annualized yield of 5.7%.
- California State Teachers Retirement System grew its stake in Verizon by over 4,000% in the second quarter.
- Major institutional investors including State Street Corp and Charles Schwab increased their positions in the fourth quarter.
- Bank of America lifted its holdings in Verizon by 15.4% during the first quarter.
Risk Factors
- Q2 revenue of $34.25 billion missed analyst estimates of $35.16 billion, representing a 0.7% year-over-year decline.
- CEO Kyle Malady reduced his direct stock ownership by 1.02% following the sale of 1,100 shares.
Full Analysis
Verizon Communications CEO Kyle Malady sold 1,100 shares of company stock on September 8th for a total value of $54,978.00 under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, the CEO directly owns 106,566 shares, representing a 1.02% decrease in his personal ownership stake.
The company reported quarterly earnings on July 24th with EPS of $1.30, beating analyst consensus estimates of $1.27. Revenue for the quarter was $34.25 billion, slightly below the estimated $35.16 billion, marking a 0.7% year-over-year decline. The firm maintains a FY 2026 EPS guidance range of $4.99 to $5.04.
Verizon recently declared a quarterly dividend payable on November 2nd for shareholders of record on October 9th, offering $0.7075 per share. This results in an annualized yield of 5.7% with a payout ratio of 73.70%. Analyst consensus targets the stock at $50.97, with ratings ranging from 'Buy' to 'Hold' across major financial institutions.
Institutional ownership remains significant, with hedge funds and asset managers like California State Teachers Retirement System increasing their stakes in the second quarter. Major firms including State Street Corp and Charles Schwab also grew their positions, while Bank of America increased holdings in the first quarter.