Verizon Communications EVP Marni M. Walden Sells 8,048 Shares (VZ)
Verizon Communications (NYSE:VZ) EVP Marni M. Walden sold 8,048 shares of Verizon Communications stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $46.31, for a total value of $372,702.88. Following the completion of the sale, the executive vice president now directly owns 8,230 shares of the company’s stock, valued at approximately $381,131. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
VZ has been the subject of a number of recent research reports. Analysts at Credit Suisse cut their price target on shares of Verizon Communications from $53.00 to $52.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Verizon Communications in a research note on Tuesday. They set an “overweight” rating and a $57.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Verizon Communications in a research note on Monday. They set an “overweight” rating and a $55.00 price target on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $55.26.
Verizon Communications (NYSE:VZ) traded up 0.13% during mid-day trading on Tuesday, hitting $46.29. The stock had a trading volume of 145,797,808 shares. Verizon Communications has a one year low of $45.08 and a one year high of $54.31. The stock has a 50-day moving average of $47.43 and a 200-day moving average of $48.30. The company has a market cap of $132.5 billion and a P/E ratio of 11.56.
Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $31.07 billion for the quarter, compared to the consensus estimate of $31.02 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts predict that Verizon Communications will post $3.50 earnings per share for the current fiscal year.
Verizon Communications Inc (NYSE:VZ) is a holding company.
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