Verizon EVP Kyle Malady sells $53,548 in common stock

Kyle Malady, the Executive Vice President and Group CEO-VZ Business at Verizon Communications Inc., divested 1,100 shares of the company's common stock on August 18, 2026. The transaction involved selling the shares at a price of $48.68 per share, resulting in a total of $53,548. The sale transpired while Verizon shares were near their 52-week peak of $51.68, having appreciated by 25% year-to-date.

According to InvestingPro analysis, the stock is presently undervalued, offering a considerable 5.83% dividend yield. The stock sale was executed following a Rule 10b5-1 trading plan adopted by Mr. Malady on May 18, 2026.

Post the sale, Mr. Malady held 109,866 shares of Verizon common stock directly, alongside 20,200 shares indirectly through his 401(k) plan. For a detailed analysis of Verizon’s valuation and performance, investors can consult the comprehensive Pro Research Report on InvestingPro for VZ and 1,400+ other US equities. Meanwhile, Verizon Communications Inc. disclosed its second-quarter adjusted earnings, which exceeded Wall Street's projections with earnings per share of $1.30, compared to the anticipated $1.28.

However, the company's revenue fell short of forecasts, amounting to $34.3 billion, as opposed to the expected $35.28 billion. Despite the revenue shortfall, Verizon raised its full-year guidance, emphasizing enhanced profitability and augmented cash flow.

Despite the revenue shortfall, Verizon lifted its full-year guidance, focusing on stronger profitability and increased cash flow. In response, Scotiabank elevated its price target for Verizon to $52.50, citing growth in mobility and broadband service revenue, along with improved postpaid phone net additions. Additionally, Bernstein SocGen Group raised its price target to $47, reflecting better-than-expected service revenue growth and improved EBITDA margins.

These developments unfold against a backdrop of SpaceX's plans to establish a mobile service network, potentially entailing direct competition with Verizon and other prominent telecom operators. The strategic maneuvers and financial performance signify a transformative period for Verizon as it traverses the evolving market landscape.