Verizon Communications Inc. (NYSE:VZ) Shares Sold by Moseley Investment Management Inc.

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Moseley Investment Management Inc. lowered its stake in Verizon Communications Inc. (NYSE:VZ) by 3.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,271 shares of the cell phone carrier’s stock after selling 1,287 shares during the quarter. Verizon Communications makes up about 1.9% of Moseley Investment Management Inc.’s holdings, making the stock its 10th biggest position. Moseley Investment Management Inc.’s holdings in Verizon Communications were worth $1,981,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of VZ. Raymond James Trust N.A. grew its stake in Verizon Communications by 17.0% in the 3rd quarter. Raymond James Trust N.A. now owns 403,298 shares of the cell phone carrier’s stock worth $24,343,000 after acquiring an additional 58,674 shares during the period. CNB Bank boosted its holdings in shares of Verizon Communications by 13.5% during the third quarter. CNB Bank now owns 20,277 shares of the cell phone carrier’s stock worth $1,224,000 after purchasing an additional 2,416 shares during the last quarter. Andra AP fonden boosted its holdings in shares of Verizon Communications by 9.1% during the second quarter. Andra AP fonden now owns 140,900 shares of the cell phone carrier’s stock worth $8,050,000 after purchasing an additional 11,700 shares during the last quarter. Chartwell Investment Partners LLC grew its position in shares of Verizon Communications by 28.7% in the second quarter. Chartwell Investment Partners LLC now owns 173,535 shares of the cell phone carrier’s stock valued at $9,914,000 after purchasing an additional 38,654 shares during the period. Finally, AlphaMark Advisors LLC grew its position in shares of Verizon Communications by 0.4% in the third quarter. AlphaMark Advisors LLC now owns 65,471 shares of the cell phone carrier’s stock valued at $3,952,000 after purchasing an additional 234 shares during the period. 65.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:VZ opened at $59.10 on Thursday. The firm has a market capitalization of $244.18 billion, a PE ratio of 12.55, a P/E/G ratio of 3.72 and a beta of 0.51. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.89 and a quick ratio of 0.85. The business has a 50-day moving average of $60.64 and a two-hundred day moving average of $59.01. Verizon Communications Inc. has a 12 month low of $52.28 and a 12 month high of $62.22.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Friday, October 25th. The cell phone carrier reported $1.25 earnings per share for the quarter, beating the 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 analyst estimates of $32.74 billion. During the same period in the previous year, the company posted $1.22 EPS. The company’s revenue was up .9% compared to the same quarter last year. As a group, research analysts anticipate that Verizon Communications Inc. will post 4.83 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.615 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $2.46 annualized dividend and a yield of 4.16%. Verizon Communications’s payout ratio is 52.23%.

In other news, EVP Craig L. Silliman sold 1,349 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $60.42, for a total value of $81,506.58. Following the completion of the sale, the executive vice president now owns 19,983 shares of the company’s stock, valued at $1,207,372.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $80,154.30. Following the completion of the transaction, the executive vice president now directly owns 18,637 shares in the company, valued at approximately $1,109,833.35. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Several research firms recently weighed in on VZ. ValuEngine upgraded Verizon Communications from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Guggenheim upped their price objective on shares of Verizon Communications from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, October 28th. 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. Nomura cut shares of Verizon Communications from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $67.00 to $65.00 in a research report on Monday, November 4th. Finally, New Street Research reissued a “buy” rating on shares of Verizon Communications in a research report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $63.44.

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.

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

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