11,183 Shares in Verizon Communications Inc. (NYSE:VZ) Bought by Crabel Capital Management LLC

Crabel Capital Management LLC purchased a new stake in shares of Verizon Communications Inc. (NYSE:VZ) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,183 shares of the cell phone carrier’s stock, valued at approximately $447,000. Verizon Communications comprises 1.5% of Crabel Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also modified their holdings of VZ. Foundations Investment Advisors LLC raised its stake in shares of Verizon Communications by 27.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 222,366 shares of the cell phone carrier’s stock valued at $8,892,000 after buying an additional 48,294 shares during the last quarter. Roffman Miller Associates Inc. PA raised its position in Verizon Communications by 1.8% during the fourth quarter. Roffman Miller Associates Inc. PA now owns 382,678 shares of the cell phone carrier’s stock valued at $15,303,000 after acquiring an additional 6,795 shares in the last quarter. Burney Co. lifted its holdings in Verizon Communications by 30.4% in the fourth quarter. Burney Co. now owns 186,621 shares of the cell phone carrier’s stock valued at $7,463,000 after acquiring an additional 43,472 shares during the period. Global Wealth Management Investment Advisory Inc. purchased a new stake in Verizon Communications in the 4th quarter worth approximately $4,333,000. Finally, Private Advisor Group LLC boosted its position in Verizon Communications by 64.6% in the 4th quarter. Private Advisor Group LLC now owns 1,394,921 shares of the cell phone carrier’s stock worth $55,783,000 after purchasing an additional 547,384 shares in the last quarter. 62.06% of the stock is owned by institutional investors and hedge funds.

Verizon Communications Trading Down 0.4 %

Shares of VZ opened at $43.55 on Tuesday. The firm’s fifty day moving average is $43.69 and its two-hundred day moving average is $41.94. The stock has a market cap of $183.62 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of 1.21. Verizon Communications Inc. has a 52-week low of $37.59 and a 52-week high of $47.36.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings results on Tuesday, April 22nd. The cell phone carrier reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $33.50 billion for the quarter, compared to analyst estimates of $33.31 billion. Verizon Communications had a net margin of 12.99% and a return on equity of 19.80%. Research analysts forecast that Verizon Communications Inc. will post 4.69 earnings per share for the current fiscal year.

Verizon Communications Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 10th were issued a $0.6775 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.71 annualized dividend and a dividend yield of 6.22%. Verizon Communications’s dividend payout ratio is presently 64.52%.

Analysts Set New Price Targets

Several research firms recently issued reports on VZ. Argus upgraded shares of Verizon Communications to a “strong-buy” rating in a research note on Monday, January 27th. Oppenheimer upped their price objective on shares of Verizon Communications from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. Scotiabank increased their target price on shares of Verizon Communications from $48.50 to $49.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 23rd. StockNews.com lowered Verizon Communications from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Finally, TD Cowen upgraded Verizon Communications to a “strong-buy” rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.41.

Insiders Place Their Bets

In related news, CEO Kyle Malady sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $43.88, for a total value of $329,100.00. Following the transaction, the chief executive officer now directly owns 19,008 shares in the company, valued at approximately $834,071.04. This represents a 28.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Vandana Venkatesh sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $43.79, for a total value of $437,900.00. Following the sale, the executive vice president now directly owns 14,459 shares of the company’s stock, valued at approximately $633,159.61. This trade represents a 40.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,500 shares of company stock valued at $979,400. Insiders own 0.10% of the company’s stock.

Verizon Communications Profile

Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).