SVP & Controller Skiadas Anthony T sold 1,974 shares in Verizon Communications Inc. (NYSE:VZ) for $17,991 in transaction occurred on 2018/05/01. After making this transaction, the SVP & Controller owns a direct stake of 97,595 shares, worth $972,414, as per the last closing price. On 2018/02/13 Skiadas Anthony T, SVP & Controller at VZ, dumped 6,967 shares at an average price of $49.8 per share. The selling total is valued at $971,170.
Separately, it had been reported that some other VZ insiders also took part of the insider trading activity. EVP of PubPolicy & Gen Counsel, Silliman Craig L. had divested 610 shares for $7,027 through a trade on 2017/11/27. Following this activity, the insider holds 28,920 shares worth $379,809 as of recent close. Wall Street’s most bullish Verizon Communications Inc. (NYSE:VZ) analysts are predicting the share price to blow past $65 per share during the next 12 months. The current median share price forecast by them is $59.5, suggesting that the stock could increase 10.08% in that time frame. The average price target of $59.08 calls for a nearly 9.31% increase in the stock price.
Verizon Communications Inc. (VZ) trading activity significantly weakened as the volume at ready counter decreased to 9,431,102 shares versus 16,774,330 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 16,846,740 shares. The share price rose 0.19% in recent trade and currently has a stock-market value of $223.55B. The shares finished at $54.05, after trading as low as $53.86 earlier in the session. It hit an intraday high Monday at $54.37. The stock is now 17.3% above against its bear-market low of $46.08 on May 09, 2018. It has retreated -13.93% since it’s 52-week high of $61.58 reached in November. Now the market price is up 10.22% on the year and down -3.86% YTD.
VZ’s 50 day simple moving average (SMA 50) price is $56.38 and its 200-day simple moving average (SMA 200) price is $53.54. The company’s stock currently has a total float of 4.13B shares. Its weekly volatility is hovering around 1.23% and felt 1.77% volatility in price over a month. On the upside, the share price will test short term resistance at around $54.33. On a downside, the stock is likely to find some support, which begins at $53.82. The failure to get near-term support could push it to $53.58.
It had seen a negative analyst call from Morgan Stanley, which downgraded the stock from Overweight to Equal-Weight on December 12. Analysts at JP Morgan, shed their positive views on December 03 by lowering it fromOverweight to Neutral. Brokerage firm Morgan Stanley, looks cautious as they stick to prior recommendation of Overweight, in a call on October 29. However, they did change the target price from $56 to $58. MoffettNathanson analysts came out with bearish views on September 04 when the call was made. They think the stock is now Neutral compared to to their prior call for Buy.
When looking at valuations, Verizon Communications Inc. (VZ) has a cheap P/E of 14.37x as compared to industry average of 19.93x. Moreover, it trades for 11.32 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 4.1x price/book and 1.71x price/sales. Compared to others, Verizon Communications Inc. is in a different league with regards to profitability, having net margins of 23.7%. To put some perspective around this, the industry’s average net margin is 22.86%. VZ’s ROE is 61.8%, which is also considerably better than the industry’s ROE of 22.52%. It’s also very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 2.07.
VZ last reported earnings on January 29, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $1.12 per share, -63.16% change on the same period last year. That was better than consensus for $1.09. Revenue for the recent quarter stood at $34.28 billion, up 1% on last year and below the $34.46 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $31.85 billion to $32.75 billion, which should be compared with $31.24 billion generated last year. EPS is seen in a range of $1.12 to $1.25, against the $1.1 reported a year ago.