DGS Capital Management LLC Has $681,000 Position in Verizon Communications Inc. (NYSE:VZ)

DGS Capital Management LLC reduced its position in Verizon Communications Inc. (NYSE:VZ) by 15.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,029 shares of the cell phone carrier’s stock after selling 3,131 shares during the period. DGS Capital Management LLC’s holdings in Verizon Communications were worth $681,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Verizon Communications during the third quarter worth $31,000. Legend Financial Advisors Inc. lifted its position in Verizon Communications by 69.6% during the fourth quarter. Legend Financial Advisors Inc. now owns 780 shares of the cell phone carrier’s stock worth $31,000 after acquiring an additional 320 shares during the last quarter. Accordant Advisory Group Inc grew its position in shares of Verizon Communications by 137.6% in the third quarter. Accordant Advisory Group Inc now owns 777 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 450 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Verizon Communications during the 3rd quarter worth approximately $44,000. Finally, IFS Advisors LLC boosted its stake in Verizon Communications by 244.1% in the 4th quarter. IFS Advisors LLC now owns 1,115 shares of the cell phone carrier’s stock valued at $45,000 after purchasing an additional 791 shares during the period. Institutional investors own 62.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VZ. Royal Bank of Canada dropped their target price on Verizon Communications from $46.00 to $42.00 in a report on Friday. KeyCorp downgraded Verizon Communications from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Scotiabank lifted their price objective on Verizon Communications from $46.50 to $47.25 and gave the company a “sector perform” rating in a report on Friday, October 18th. StockNews.com lowered Verizon Communications from a “strong-buy” rating to a “buy” rating in a report on Monday, December 16th. Finally, TD Cowen raised shares of Verizon Communications to a “strong-buy” rating in a research report on Wednesday, January 15th. Eleven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.29.

Verizon Communications Stock Up 0.9 %

Shares of NYSE:VZ opened at $39.54 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.62 and a current ratio of 0.66. Verizon Communications Inc. has a 52-week low of $37.58 and a 52-week high of $45.36. The company has a market capitalization of $166.43 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 3.27 and a beta of 0.46. The company has a fifty day moving average of $40.89 and a 200-day moving average of $41.63.

Verizon Communications (NYSE:VZ) last posted its earnings results on Friday, January 24th. The cell phone carrier reported $1.10 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.01). Verizon Communications had a net margin of 7.30% and a return on equity of 20.05%. During the same period in the prior year, the company earned $1.08 earnings per share. On average, equities analysts predict that Verizon Communications Inc. will post 4.59 EPS for the current fiscal year.

Verizon Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.6775 per share. This represents a $2.71 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date is Friday, January 10th. Verizon Communications’s payout ratio is 116.81%.

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).