Financial Architects Inc Increases Position in Verizon Communications Inc. (VZ)

Financial Architects Inc increased its position in shares of Verizon Communications Inc. (NYSE:VZ) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,465 shares of the cell phone carrier’s stock after buying an additional 507 shares during the period. Financial Architects Inc’s holdings in Verizon Communications were worth $3,630,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fiduciary Financial Services of The Southwest Inc. TX raised its stake in shares of Verizon Communications by 0.6% in the fourth quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 102,396 shares of the cell phone carrier’s stock worth $5,466,000 after buying an additional 622 shares during the period. Gyroscope Capital Management Group LLC raised its stake in shares of Verizon Communications by 36.5% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 6,193 shares of the cell phone carrier’s stock worth $331,000 after buying an additional 1,656 shares during the period. Brown Advisory Inc. raised its stake in shares of Verizon Communications by 1.2% in the fourth quarter. Brown Advisory Inc. now owns 376,971 shares of the cell phone carrier’s stock worth $20,123,000 after buying an additional 4,627 shares during the period. Sii Investments Inc. WI raised its stake in shares of Verizon Communications by 53.2% in the fourth quarter. Sii Investments Inc. WI now owns 86,099 shares of the cell phone carrier’s stock worth $4,595,000 after buying an additional 29,882 shares during the period. Finally, Good Life Advisors LLC bought a new stake in shares of Verizon Communications during the fourth quarter worth about $1,163,000. 62.55% of the stock is owned by institutional investors.

Verizon Communications Inc. (NYSE:VZ) opened at 44.23 on Friday. Verizon Communications Inc. has a 12-month low of $42.80 and a 12-month high of $56.25. The stock’s 50 day moving average is $45.13 and its 200 day moving average is $47.92. The company has a market cap of $180.43 billion, a P/E ratio of 14.79 and a beta of 0.54.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Thursday, April 20th. The cell phone carrier reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by $0.03. Verizon Communications had a return on equity of 66.99% and a net margin of 9.92%. The business had revenue of $29.81 billion for the quarter, compared to the consensus estimate of $30.41 billion. During the same period in the prior year, the business posted $1.06 earnings per share. Verizon Communications’s revenue was down 7.3% compared to the same quarter last year. On average, equities analysts forecast that Verizon Communications Inc. will post $3.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be given a dividend of $0.5775 per share. This represents a $2.31 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend is Thursday, July 6th. Verizon Communications’s dividend payout ratio is 77.00%.

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A number of brokerages have issued reports on VZ. Vetr raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $52.26 target price for the company in a research note on Monday, March 27th. SunTrust Banks, Inc. began coverage on shares of Verizon Communications in a research note on Tuesday, April 18th. They set a “hold” rating and a $50.00 target price for the company. Zacks Investment Research lowered shares of Verizon Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Barclays PLC reduced their price objective on shares of Verizon Communications from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Thursday, April 13th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $51.00 price objective on shares of Verizon Communications in a research note on Friday, April 7th. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.23.

In related news, EVP Marni M. Walden sold 16,362 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $46.08, for a total transaction of $753,960.96. Following the transaction, the executive vice president now directly owns 11,797 shares of the company’s stock, valued at $543,605.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Craig L. Silliman sold 610 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $45.00, for a total transaction of $27,450.00. Following the transaction, the executive vice president now directly owns 8,429 shares in the company, valued at $379,305. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,192 shares of company stock worth $837,958. 0.13% of the stock is owned by insiders.

Verizon Communications Company Profile

Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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