Joseph Russo Acquires Shares in Verizon Communications

Joseph Russo, the Executive Vice President and President of Global Networks and Technology at Verizon Communications Inc. (NYSE: VZ), purchased 84 shares of the company on June 17, 2026. The shares were bought at an average price of $13.08, totaling $1,098.72. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at Verizon Communications Inc.

Several insiders at Verizon also made similar purchases on the same day. Anthony Skiadas, the Executive Vice President and CFO, bought 133 shares. Samantha Hammock, the EVP & Chief HR Officer, acquired 76 shares. Daniel Schulman, the CEO, purchased 203 shares. Mary-Lee Stillwell, SVP and Controller, bought 45 shares, while Kyle Malady, EVP and Group CEO-VZ Business, acquired 133 shares. Vandana Venkatesh, EVP and Chief Legal Officer, purchased 98 shares. All these transactions were executed at the same price of $13.08 per share.

Verizon Communications Inc. Stock Down 9.4%

Shares of Verizon Communications Inc. traded at $45.84. The company has a market capitalization of approximately $191.4 billion. Verizon's P/E ratio stands at 11.18, with a forward P/E of 8.71. The stock's 52-week range is between $38.39 and $51.68. It has a 50-day moving average of $47.00 and a 200-day moving average of $44.43. The company's current ratio is 0.64, and its debt-to-equity ratio is 192.05, indicating a high level of leverage.

Analysts Set New Price Targets

On June 12, 2026, Freedom Broker initiated coverage on Verizon with a 'hold' rating and a price target of $53.00. JP Morgan maintained its 'hold' rating with a $52.00 target on April 30, while Morgan Stanley also kept a 'hold' rating at a $50.00 target on April 28. The consensus among 23 analysts is a 'buy' recommendation, with a mean target price of $51.90.

About Verizon Communications

Verizon Communications Inc., based in New York, is a major player in the communication services sector. It provides a range of services, including wireless and wireline communications, technology, and streaming services to consumers, businesses, and government entities. With over 99,600 employees, the company operates through its Verizon Consumer Group and Verizon Business Group segments, offering products under the Verizon and TracFone brands. The company is led by CEO Daniel H. Schulman.

Bottom Line

Joseph Russo's recent purchase of Verizon shares highlights insider confidence in the company's future prospects. Investors and analysts closely monitor these insider transactions for potential insights into the company's outlook. Verizon continues to be a significant player in the telecom industry, with a robust market presence and a diverse range of services. This insider activity is part of regular transactions and does not necessarily indicate any immediate change in the company's strategic direction.