Kyle Malady, the Executive Vice President and Group CEO of Verizon Business, recently sold a significant portion of his holdings in Verizon Communications Inc. (NYSE:VZ). According to a filing with the Securities and Exchange Commission, Malady sold 6,590 shares of Verizon’s common stock on February 4, 2025, at a price of $39.70 per share, totaling approximately $261,623. The sale comes as Verizon trades near its 52-week low of $37.59, while offering a substantial 6.75% dividend yield. InvestingPro analysis indicates the stock is currently undervalued based on its Fair Value model.
Following this transaction, Malady no longer holds any shares directly. However, he retains an indirect stake of 18,415 shares through a 401(k) plan. This sale marks a notable change in Malady’s direct ownership of Verizon stock. With a market capitalization of $167.6 billion and strong profitability metrics, Verizon maintains its position as a prominent player in the telecommunications sector. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed research reports covering over 1,400 US stocks.
In other recent news, Verizon Communications has been the subject of several analysts’ reports. Tigress Financial Partners reaffirmed their confidence in Verizon, maintaining a Buy rating and a $55.00 price target on the company’s shares, citing growth in mobile and broadband subscribers, revenue, and cash flow. Meanwhile, Raymond (NSE:RYMD) James adjusted its price target for Verizon stock, reducing it to $45 from the previous $48, while maintaining an Outperform rating.
Scotiabank (TSX:BNS) analyst Maher Yaghi updated the price target for Verizon stock to $47.50, up from the previous $47.00, while reiterating a Sector Perform rating, anticipating steady improvements in wireless subscriber numbers throughout 2025. Bernstein analysts maintained a Market Perform rating on Verizon but reduced the price target to $46.00 from the previous $48.00, reflecting adjustments to equipment margins as Verizon aims for higher subscriber growth.
Lastly, KeyBanc Capital Markets maintained a Sector Weight rating on Verizon stock, raising the adjusted EBITDA growth projection for Verizon by 70 basis points to 2.3% year-over-year for 2025. These are the recent developments regarding Verizon, highlighting earnings and revenue results, analyst upgrades or downgrades, and other company news.
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