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BullDigest's May 2 Pre-Market Summary of Verizon Communications Inc.

  • 3 days ago
  • bulldigest.com
  • Keywords: Pre-Market, Summary, Verizon Communications Inc.

Check out BullDigest's May 2 Pre-Market Summary of Verizon Communications Inc.. We provide a summary of the key news before the market opens.

Pre-Market SummaryVZsentiment_satisfied

Estimated market influence

Voleon Capital Management LP

Positivesentiment_satisfied
Analyst rating: N/A

Acquired a new stake in Verizon Communications Inc.

Verizon Communications Inc.

Verizon Communications Inc.

Positivesentiment_satisfied
Analyst rating: Buy

Received multiple upgrades and increased price targets from several analysts, indicating positive sentiment.

Context

Business Insights and Market Implications Summary

Investment & Analyst Ratings

  • Voleon Capital Management LP acquired a new stake worth $1.33 million in Verizon Communications Inc. (VZ) during Q4.
  • Analyst Sentiment: Mixed ratings with upgrades from Tigress Financial, Oppenheimer, and TD Cowen & Evercore ISI. Nine analysts hold a "hold" rating, while the consensus is a "Moderate Buy" with an average target price of $47.41.

Financial Performance & Dividends

  • Q4 Earnings: Verizon reported EPS of $1.19 (vs. estimate $1.15), revenue $33.5 billion (vs. estimate $32.86 billion). ROE was 19.80%, net margin 12.99%.
  • Dividends: Quarterly dividend of $0.6775 per share, yielding 6.15% annually with a payout ratio of 64.52%.

Insider Trading & Ownership

  • Insiders sold 23,000 shares in the last three months, worth $969,340, including sales by CEO at $39.88 and EVP at $43.79.
  • Ownership: Insiders own 0.10% of the stock; 62.06% is institutionally held.

Market Dynamics

  • VZ shares traded marginally higher at $42.17 on Monday, recovering from Friday's drop due to T-Mobile's strong earnings, raising concerns about competitive pressure and subscriber retention.

Verizon Frontline Verified

  • Ericsson’s 4G and 5G solutions were "Verizon Frontline Verified," meeting public safety communication standards.

Cybersecurity Insights

  • Verizon’s annual report highlights that both small and large organizations are commonly hacked using stolen credentials, with ransomware disproportionately impacting small businesses.