RFG Advisory LLC boosted its holdings in shares of Verizon Communications Inc. (NYSE:VZ) by 33.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 41,271 shares of the cell phone carrier’s stock after buying an additional 10,438 shares during the period. RFG Advisory LLC’s holdings in Verizon Communications were worth $2,534,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of VZ. Stillwater Capital Advisors LLC boosted its stake in shares of Verizon Communications by 154.8% during the 4th quarter. Stillwater Capital Advisors LLC now owns 9,258 shares of the cell phone carrier’s stock valued at $568,000 after buying an additional 5,624 shares during the period. Asset Planning Services Inc. LA ADV raised its holdings in shares of Verizon Communications by 0.9% during the fourth quarter. Asset Planning Services Inc. LA ADV now owns 94,238 shares of the cell phone carrier’s stock worth $5,786,000 after acquiring an additional 850 shares in the last quarter. Hudock Capital Group LLC raised its holdings in shares of Verizon Communications by 3.5% during the fourth quarter. Hudock Capital Group LLC now owns 61,255 shares of the cell phone carrier’s stock worth $3,739,000 after acquiring an additional 2,073 shares in the last quarter. MONECO Advisors LLC boosted its position in Verizon Communications by 5.2% during the fourth quarter. MONECO Advisors LLC now owns 7,151 shares of the cell phone carrier’s stock valued at $430,000 after purchasing an additional 353 shares during the last quarter. Finally, First Citizens Financial Corp acquired a new stake in Verizon Communications during the fourth quarter valued at $684,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on VZ shares. Zacks Investment Research lowered Verizon Communications from a “buy” rating to a “hold” rating and set a $62.00 target price on the stock. in a research report on Saturday, January 11th. SunTrust Banks lifted their price target on Verizon Communications from $61.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Moffett Nathanson set a $57.00 price target on Verizon Communications and gave the company a “hold” rating in a research note on Friday, October 25th. HSBC downgraded Verizon Communications from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, November 14th. Finally, Guggenheim raised their price objective on shares of Verizon Communications from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $63.41.
VZ opened at $60.32 on Wednesday. The company has a market cap of $248.68 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 3.78 and a beta of 0.51. The stock has a 50-day moving average of $60.63 and a 200-day moving average of $59.10. Verizon Communications Inc. has a 52-week low of $52.28 and a 52-week high of $62.22. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.85 and a current ratio of 0.89.
Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Friday, October 25th. The cell phone carrier reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.01. Verizon Communications had a return on equity of 34.50% and a net margin of 12.26%. The business had revenue of $32.89 billion for the quarter, compared to the consensus estimate of $32.74 billion. During the same period last year, the business earned $1.22 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, research analysts predict that Verizon Communications Inc. will post 4.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.615 per share. The ex-dividend date is Thursday, January 9th. This represents a $2.46 annualized dividend and a yield of 4.08%. Verizon Communications’s dividend payout ratio (DPR) is presently 52.23%.
In related news, EVP Craig L. Silliman sold 1,346 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $59.55, for a total value of $80,154.30. Following the transaction, the executive vice president now directly owns 18,637 shares in the company, valued at approximately $1,109,833.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Craig L. Silliman sold 1,349 shares of Verizon Communications stock in a transaction on Monday, October 28th. The stock was sold at an average price of $60.42, for a total transaction of $81,506.58. Following the completion of the transaction, the executive vice president now owns 19,983 shares in the company, valued at approximately $1,207,372.86. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.
About Verizon Communications
Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.
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