who-owns-verizon

Who Owns Verizon?

Business / By / August 4, 2023

Verizon is primarily owned by institutional investors such as The Vanguard Group, with an 8.4% ownership stake, and BlackRock, with a 7.9% ownership stake.

Verizon’s Ownership Structure

Verizon, one of the largest telecommunications companies in the world, is primarily owned by institutional investors. These institutional investors play a significant role in shaping the company’s direction and strategy.

The Vanguard Group

The Vanguard Group is one of the leading investment management companies globally and holds an 8.4% ownership stake in Verizon. As a major shareholder, The Vanguard Group has a vested interest in Verizon’s long-term growth and profitability. Its large ownership position indicates a strong belief in the company’s performance and potential.

BlackRock

Another major institutional investor in Verizon is BlackRock, one of the world’s largest asset management firms. BlackRock holds a 7.9% ownership stake in the company, underscoring its confidence in Verizon’s business model and ability to deliver value to shareholders. The investment from BlackRock reinforces Verizon’s position as a reliable investment option in the telecommunications sector.

Verizon’s Role in the Telecommunications Industry

Verizon’s ownership by prominent institutional investors reflects the company’s significance in the telecommunications industry. As a major player in the sector, Verizon provides a wide range of services, including wireless communication, internet, and digital services. Its extensive network and innovative offerings make it a preferred choice for millions of customers in the United States and beyond.

Conclusion

  • Verizon’s ownership by institutional investors like The Vanguard Group and BlackRock underscores the company’s financial stability and growth potential.
  • As it continues to play a pivotal role in the telecommunications industry, Verizon’s partnerships with leading investment firms help support its position as a dominant player in the market.
  • The confidence shown by institutional investors further solidifies Verizon’s position as a strong and reliable investment option in the telecommunications sector.

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Verizon Revenue

verizon-revenue
Verizon’s revenue in 2018 was $130.86 billion. In 2019, Verizon’s revenue increased slightly to $131.87 billion. The company experienced a decline in revenue in 2020, with total revenue amounting to $128.29 billion. Verizon’s revenue rebounded in 2021, reaching $133.61 billion. In 2022, Verizon achieved its highest revenue in the given period, with total revenue of $136.83 billion.

Verizon Revenue Breakdown

Verizon Profits

verizon-profits
In 2018, Verizon’s net income was $16.04 billion. The company’s net income increased significantly in 2019, reaching $19.79 billion. In 2020, Verizon’s net income declined slightly to $18.35 billion. Verizon achieved its highest net income in the given period in 2021, with a total of $22.62 billion. In 2022, the company’s net income was $21.75 billion.

Verizon Employees

verizon-employees
In 2018, Verizon had a total of 144,500 employees. The company’s employee count decreased to 135,000 in 2019. In 2020, Verizon had a total of 132,200 employees. The employee count continued to decline in 2021, with a total of 118,400 employees. In 2022, Verizon had a total of 117,100 employees.

Who Owns Comcast?

who-owns-comcast
Comcast ownership is broken down between Class A and Class B Stocks. The primary difference between Class A and Class B common stocks lies in their respective voting rights, with Class B shares holding significantly more voting power per share than Class A shares. Indeed, the principal individual shareholder is Brian Roberts, chairman and CEO of Comcast, holding executive positions within the company since the 1990s. He holds 100% of Class B stocks, thus having significant voting power. Followed by The Vanguard Group with 8.7% of Class A stocks and BlackRock with 6.9% of Class A stocks.

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About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
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