Verizon Communications Inc. (NYSE:VZ) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 14.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,838 shares of the cell phone carrier’s stock after selling 70,078 shares during the period. Blair William & Co. IL’s holdings in Verizon Communications were worth $13,380,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VZ. Certified Advisory Corp increased its stake in shares of Verizon Communications by 1.0% in the first quarter. Certified Advisory Corp now owns 23,297 shares of the cell phone carrier’s stock valued at $1,187,000 after buying an additional 233 shares in the last quarter. Cutter & CO Brokerage Inc. increased its position in Verizon Communications by 1.1% in the third quarter. Cutter & CO Brokerage Inc. now owns 27,296 shares of the cell phone carrier’s stock worth $885,000 after purchasing an additional 299 shares during the period. Rocky Mountain Advisers LLC increased its position in Verizon Communications by 8.2% in the third quarter. Rocky Mountain Advisers LLC now owns 3,963 shares of the cell phone carrier’s stock worth $128,000 after purchasing an additional 300 shares during the period. Conning Inc. increased its position in Verizon Communications by 0.8% in the third quarter. Conning Inc. now owns 41,509 shares of the cell phone carrier’s stock worth $1,345,000 after purchasing an additional 310 shares during the period. Finally, Paragon Private Wealth Management LLC increased its position in Verizon Communications by 3.7% in the second quarter. Paragon Private Wealth Management LLC now owns 8,672 shares of the cell phone carrier’s stock worth $323,000 after purchasing an additional 311 shares during the period. Hedge funds and other institutional investors own 61.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $43.00 price target on shares of Verizon Communications in a research note on Tuesday, December 19th. Citigroup boosted their price objective on Verizon Communications from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. KeyCorp boosted their price objective on Verizon Communications from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Raymond James boosted their price objective on Verizon Communications from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, UBS Group boosted their price objective on Verizon Communications from $37.00 to $43.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.62.

View Our Latest Analysis on VZ

Insider Activity at Verizon Communications

In related news, EVP Craig L. Silliman sold 3,340 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $38.29, for a total value of $127,888.60. Following the sale, the executive vice president now owns 46,295 shares in the company, valued at approximately $1,772,635.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Verizon Communications news, EVP Craig L. Silliman sold 23,380 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $38.00, for a total transaction of $888,440.00. Following the transaction, the executive vice president now owns 49,635 shares in the company, valued at approximately $1,886,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Craig L. Silliman sold 3,340 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $38.29, for a total value of $127,888.60. Following the transaction, the executive vice president now owns 46,295 shares in the company, valued at approximately $1,772,635.55. The disclosure for this sale can be found here. 0.02% of the stock is owned by company insiders.

Verizon Communications Trading Down 0.5 %

NYSE VZ opened at $39.72 on Monday. The company has a market cap of $166.99 billion, a PE ratio of 14.39, a PEG ratio of 3.02 and a beta of 0.43. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 1.47. Verizon Communications Inc. has a 12 month low of $30.14 and a 12 month high of $43.21. The stock has a 50 day moving average of $39.22 and a 200-day moving average of $35.81.

Verizon Communications (NYSE:VZGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The cell phone carrier reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $35.10 billion during the quarter, compared to the consensus estimate of $34.60 billion. Verizon Communications had a return on equity of 20.71% and a net margin of 8.67%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. On average, equities research analysts anticipate that Verizon Communications Inc. will post 4.6 EPS for the current fiscal year.

Verizon Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date was Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is presently 96.38%.

Verizon Communications Profile

(Free Report)

Verizon Communications Inc, through its subsidiaries, provides 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).

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

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