Verizon Communications stock is trading -8.2% below its average target price of $45.34 after dropping -1.1% during today's afternoon session. Analysts are giving the Large-Cap Communication Equipment company an average rating of buy and target prices ranging from $34.0 to $55.0 per share.
Verizon Communications's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 2.57. At 0.04%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 64.4%. In conclusion, we believe there is mixed market sentiment regarding Verizon Communications.
Institutions Invested in Verizon Communications
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 8% | 351,267,175 | $14,619,739,448 |
| 2024-03-31 | Blackrock Inc. | 8% | 341,461,740 | $14,211,637,254 |
| 2024-03-31 | State Street Corporation | 4% | 184,633,503 | $7,684,446,197 |
| 2024-03-31 | Charles Schwab Investment Management, Inc. | 2% | 95,707,594 | $3,983,349,960 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 90,889,886 | $3,782,836,958 |
| 2024-03-31 | Morgan Stanley | 2% | 78,375,348 | $3,261,981,900 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 49,924,784 | $2,077,869,456 |
| 2024-03-31 | Bank of America Corporation | 1% | 43,062,607 | $1,792,265,657 |
| 2024-03-31 | Northern Trust Corporation | 1% | 40,798,129 | $1,698,018,085 |
| 2024-03-31 | Legal & General Group PLC | 1% | 37,250,144 | $1,550,350,953 |
