Morton Brown Household Wealth LLC elevated its place in shares of Verizon Communications Inc. (NYSE:VZ – Get Ranking) by 109.2% within the first quarter, in keeping with its most up-to-date disclosure with the Securities & Alternate Fee. The fund owned 726 shares of the cellphone provider’s inventory after shopping for an extra 379 shares throughout the interval. Morton Brown Household Wealth LLC’s holdings in Verizon Communications had been price $37,000 on the finish of the latest reporting interval.

Various different hedge funds and different institutional traders have additionally not too long ago made modifications to their positions in VZ. First Nationwide Financial institution Sioux Falls boosted its holdings in Verizon Communications by 2.8% throughout the first quarter. First Nationwide Financial institution Sioux Falls now owns 6,966 shares of the cellphone provider’s inventory price $355,000 after buying an extra 190 shares over the past quarter. Mezzasalma Advisors LLC boosted its holdings in Verizon Communications by 1.8% throughout the fourth quarter. Mezzasalma Advisors LLC now owns 10,687 shares of the cellphone provider’s inventory price $555,000 after buying an extra 191 shares over the past quarter. Weaver Consulting Group boosted its holdings in Verizon Communications by 1.3% throughout the fourth quarter. Weaver Consulting Group now owns 14,798 shares of the cellphone provider’s inventory price $769,000 after buying an extra 192 shares over the past quarter. Reitz Capital Advisors LLC boosted its holdings in Verizon Communications by 2.0% throughout the fourth quarter. Reitz Capital Advisors LLC now owns 9,818 shares of the cellphone provider’s inventory price $550,000 after buying an extra 195 shares over the past quarter. Lastly, Domani Wealth LLC boosted its holdings in Verizon Communications by 2.2% throughout the first quarter. Domani Wealth LLC now owns 9,145 shares of the cellphone provider’s inventory price $466,000 after buying an extra 197 shares over the past quarter. 63.78% of the inventory is owned by institutional traders and hedge funds.

A number of analysis analysts not too long ago weighed in on VZ shares. DZ Financial institution reduce shares of Verizon Communications from a “maintain” ranking to a “promote” ranking and set a $44.00 worth goal on the inventory. in a report on Friday, April 29th. William Blair reaffirmed a “market carry out” ranking on shares of Verizon Communications in a analysis report on Monday, April 25th. Royal Financial institution of Canada lowered their worth goal on shares of Verizon Communications from $57.00 to $54.00 and set a “sector carry out” ranking on the inventory in a analysis report on Wednesday, June 22nd. JPMorgan Chase & Co. reaffirmed a “maintain” ranking and issued a $57.00 worth goal on shares of Verizon Communications in a analysis report on Friday, June 24th. Lastly, StockNews.com raised shares of Verizon Communications from a “maintain” ranking to a “purchase” ranking in a analysis report on Thursday, Might 12th. One analyst has rated the inventory with a promote ranking, eleven have given a maintain ranking and 4 have assigned a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat.com, the corporate has a consensus ranking of “Maintain” and a median worth goal of $57.14.

In associated information, EVP Craig L. Silliman bought 1,558 shares of Verizon Communications inventory in a transaction on Friday, June third. The inventory was bought at a median worth of $50.94, for a complete transaction of $79,364.52. Following the completion of the sale, the chief vp now owns 34,961 shares of the corporate’s inventory, valued at $1,780,913.34. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is obtainable via this hyperlink. Additionally, CEO Tami A. Erwin bought 23,647 shares of Verizon Communications inventory in a transaction on Tuesday, April 26th. The shares had been bought at a median worth of $49.77, for a complete worth of $1,176,911.19. Following the sale, the chief government officer now instantly owns 21,817 shares of the corporate’s inventory, valued at roughly $1,085,832.09. The disclosure for this sale might be discovered right here. Insiders bought 28,321 shares of firm inventory valued at $1,415,192 over the past ninety days. Company insiders personal 0.02% of the corporate’s inventory.

Verizon Communications inventory opened at $51.64 on Friday. Verizon Communications Inc. has a one 12 months low of $45.55 and a one 12 months excessive of $56.85. The enterprise has a fifty day shifting common worth of $49.75 and a 200-day shifting common worth of $51.86. The corporate has a debt-to-equity ratio of 1.64, a present ratio of 0.76 and a fast ratio of 0.69. The agency has a market capitalization of $216.87 billion, a P/E ratio of 10.03, a PEG ratio of two.63 and a beta of 0.41.

Verizon Communications (NYSE:VZ – Get Ranking) final posted its quarterly earnings outcomes on Friday, April 22nd. The cellphone provider reported $1.35 EPS for the quarter, hitting analysts’ consensus estimates of $1.35. Verizon Communications had a return on fairness of 28.15% and a web margin of 15.93%. The agency had income of $33.60 billion throughout the quarter, in comparison with analyst estimates of $33.61 billion. Throughout the identical interval final 12 months, the corporate earned $1.31 earnings per share. The enterprise’s income for the quarter was up 2.2% on a year-over-year foundation. Promote-side analysts anticipate that Verizon Communications Inc. will put up 5.39 earnings per share for the present fiscal 12 months.

The enterprise additionally not too long ago declared a quarterly dividend, which shall be paid on Monday, August 1st. Stockholders of file on Friday, July eighth shall be issued a $0.64 dividend. This represents a $2.56 dividend on an annualized foundation and a dividend yield of 4.96%. The ex-dividend date of this dividend is Thursday, July seventh. Verizon Communications’s payout ratio is at the moment 49.71%.

Verizon Communications Profile (Get Ranking)

Verizon Communications Inc, via its subsidiaries, gives communications, know-how, data, and leisure services to shoppers, companies, and governmental entities worldwide. Its Shopper section supplies postpaid and pay as you go service plans; web entry on pocket book computer systems and tablets; wi-fi gear, together with smartphones and different handsets; and wireless-enabled web gadgets, corresponding to tablets, and different wireless-enabled linked gadgets comprising good watches.

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