Gilbert & Cook Inc. cut its position in Verizon Communications Inc. (NYSE:VZ) by 46.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,160 shares of the cell phone carrier’s stock after selling 4,505 shares during the quarter. Gilbert & Cook Inc.’s holdings in Verizon Communications were worth $255,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Private Vista LLC lifted its holdings in Verizon Communications by 3,339.1% during the 2nd quarter. Private Vista LLC now owns 389,552 shares of the cell phone carrier’s stock valued at $143,000 after purchasing an additional 378,225 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Verizon Communications during the 2nd quarter valued at $156,000. Regal Wealth Group Inc. lifted its holdings in Verizon Communications by 0.7% during the 2nd quarter. Regal Wealth Group Inc. now owns 3,682 shares of the cell phone carrier’s stock valued at $164,000 after purchasing an additional 24 shares during the last quarter. Camarda Financial Advisors LLC lifted its holdings in Verizon Communications by 11.3% during the 2nd quarter. Camarda Financial Advisors LLC now owns 3,749 shares of the cell phone carrier’s stock valued at $167,000 after purchasing an additional 382 shares during the last quarter. Finally, Atlantic Trust LLC lifted its holdings in Verizon Communications by 9.9% during the 2nd quarter. Atlantic Trust LLC now owns 11,164 shares of the cell phone carrier’s stock valued at $170,000 after purchasing an additional 1,005 shares during the last quarter. 63.22% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on VZ shares. KeyCorp reaffirmed a “hold” rating on shares of Verizon Communications in a report on Wednesday, October 11th. Moffett Nathanson reaffirmed a “buy” rating on shares of Verizon Communications in a report on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 price target on shares of Verizon Communications in a report on Friday, October 20th. Bank of America set a $52.00 price target on Verizon Communications and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Macquarie reaffirmed a “hold” rating and set a $52.00 price target on shares of Verizon Communications in a report on Sunday, October 22nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Verizon Communications has a consensus rating of “Hold” and an average price target of $53.14.
Verizon Communications Inc. (NYSE VZ) traded down $1.33 on Friday, hitting $52.98. The stock had a trading volume of 15,570,000 shares, compared to its average volume of 16,030,000. Verizon Communications Inc. has a 12 month low of $42.80 and a 12 month high of $54.77. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.54. The firm has a market capitalization of $216,130.00, a P/E ratio of 7.20, a P/E/G ratio of 2.20 and a beta of 0.58.
Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.02). The firm had revenue of $33.96 billion for the quarter, compared to analyst estimates of $33.20 billion. Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. sell-side analysts expect that Verizon Communications Inc. will post 4.54 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is presently 32.07%.
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Verizon Communications 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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