Community Bank of Raymore Buys 800 Shares of Verizon Communications Inc. (NYSE:VZ)

Share on StockTwits

Community Bank of Raymore grew its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,864 shares of the cell phone carrier’s stock after acquiring an additional 800 shares during the period. Verizon Communications comprises approximately 0.5% of Community Bank of Raymore’s investment portfolio, making the stock its 29th biggest holding. Community Bank of Raymore’s holdings in Verizon Communications were worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of VZ. BlackRock Inc. increased its holdings in Verizon Communications by 1.7% during the second quarter. BlackRock Inc. now owns 317,036,667 shares of the cell phone carrier’s stock valued at $18,112,307,000 after buying an additional 5,319,802 shares during the period. State Street Corp increased its holdings in Verizon Communications by 0.3% during the third quarter. State Street Corp now owns 162,854,317 shares of the cell phone carrier’s stock valued at $9,829,887,000 after buying an additional 509,082 shares during the period. Morgan Stanley increased its holdings in Verizon Communications by 5.0% during the second quarter. Morgan Stanley now owns 34,002,255 shares of the cell phone carrier’s stock valued at $1,942,547,000 after buying an additional 1,627,183 shares during the period. Nuveen Asset Management LLC increased its holdings in Verizon Communications by 6,712.8% during the second quarter. Nuveen Asset Management LLC now owns 29,602,386 shares of the cell phone carrier’s stock valued at $1,691,184,000 after buying an additional 29,167,876 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Verizon Communications by 14.3% during the third quarter. California Public Employees Retirement System now owns 16,926,517 shares of the cell phone carrier’s stock valued at $1,021,685,000 after buying an additional 2,123,395 shares during the period. 65.25% of the stock is owned by hedge funds and other institutional investors.

VZ has been the topic of several research reports. HSBC lowered shares of 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. Moffett Nathanson set a $57.00 price objective on shares of Verizon Communications and gave the company a “hold” rating in a report on Friday, October 25th. ValuEngine raised shares of Verizon Communications from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. SunTrust Banks lifted their price objective on shares of Verizon Communications from $61.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Guggenheim lifted their price objective on shares of Verizon Communications from $65.00 to $69.00 and gave the company a “buy” rating in a report on Monday, October 28th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.44.

NYSE VZ opened at $59.10 on Thursday. The firm’s fifty day simple moving average is $60.64 and its two-hundred day simple moving average is $59.01. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.99. Verizon Communications Inc. has a 12-month low of $52.28 and a 12-month high of $62.22. The firm has a market capitalization of $243.97 billion, a P/E ratio of 12.55, a P/E/G ratio of 3.71 and a beta of 0.51.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Friday, October 25th. The cell phone carrier reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.01. Verizon Communications had a net margin of 12.26% and a return on equity of 34.50%. The business had revenue of $32.89 billion for the quarter, compared to analyst estimates of $32.74 billion. During the same period in the previous year, the company earned $1.22 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts predict that Verizon Communications Inc. will post 4.83 earnings per share for the current fiscal year.

The company 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 $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, January 9th. Verizon Communications’s dividend payout ratio is currently 52.23%.

In other Verizon Communications news, EVP Craig L. Silliman sold 1,346 shares of Verizon Communications 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 of the company’s stock, valued at $1,109,833.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 directly owns 19,983 shares in the company, valued at $1,207,372.86. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Verizon Communications Profile

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.

Featured Story: Limitations of the P/E Growth ratio

Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ).

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

Receive News & Ratings for Verizon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verizon Communications and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.