Windward Capital Management Co. CA Increases Stock Position in Verizon Communications Inc. (NYSE:VZ)

Windward Capital Management Co. CA raised its holdings in Verizon Communications Inc. (NYSE:VZFree Report) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,157 shares of the cell phone carrier’s stock after buying an additional 570 shares during the period. Windward Capital Management Co. CA’s holdings in Verizon Communications were worth $2,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VZ. CGC Financial Services LLC purchased a new position in shares of Verizon Communications during the 2nd quarter worth approximately $32,000. HBC Financial Services PLLC increased its stake in Verizon Communications by 320.0% in the 3rd quarter. HBC Financial Services PLLC now owns 1,050 shares of the cell phone carrier’s stock valued at $34,000 after purchasing an additional 800 shares in the last quarter. RVW Wealth LLC purchased a new position in shares of Verizon Communications in the third quarter valued at $36,000. Financial Management Professionals Inc. boosted its position in shares of Verizon Communications by 58.4% in the 4th quarter. Financial Management Professionals Inc. now owns 1,096 shares of the cell phone carrier’s stock worth $41,000 after buying an additional 404 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in Verizon Communications during the 4th quarter valued at about $42,000. 62.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on VZ shares. StockNews.com cut Verizon Communications from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Oppenheimer restated an “outperform” rating and set a $43.00 target price on shares of Verizon Communications in a research report on Tuesday, December 19th. Barclays boosted their price target on Verizon Communications from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Daiwa Capital Markets upgraded Verizon Communications from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $36.00 to $47.00 in a report on Wednesday, January 24th. Finally, UBS Group raised their price target on Verizon Communications from $37.00 to $43.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.86.

Check Out Our Latest Analysis on Verizon Communications

Insider Transactions at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $40.80, for a total value of $979,200.00. Following the transaction, the chief executive officer now owns 35,201 shares in the company, valued at approximately $1,436,200.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.02% of the stock is owned by insiders.

Verizon Communications Stock Up 1.2 %

Verizon Communications stock opened at $40.87 on Tuesday. The company’s 50-day moving average price is $40.44 and its two-hundred day moving average price is $37.21. The stock has a market cap of $171.83 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 3.07 and a beta of 0.40. Verizon Communications Inc. has a 52 week low of $30.14 and a 52 week high of $43.21. 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 (NYSE:VZGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The cell phone carrier reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. The firm had revenue of $35.10 billion for the quarter, compared to analyst estimates of $34.60 billion. Verizon Communications had a net margin of 8.67% and a return on equity of 20.71%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. On average, analysts expect that Verizon Communications Inc. will post 4.61 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.665 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $2.66 annualized dividend and a yield of 6.51%. Verizon Communications’s dividend payout ratio (DPR) is presently 96.38%.

Verizon Communications Company Profile

(Free Report)

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).

Further Reading

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:VZFree Report).

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.