Verizon Communications Inc. (VZ) Shares Bought by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC boosted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 41,576 shares of the cell phone carrier’s stock after buying an additional 150 shares during the period. Hunter Associates Investment Management LLC’s holdings in Verizon Communications were worth $2,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Verizon Communications by 1.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 817,556 shares of the cell phone carrier’s stock worth $42,497,000 after buying an additional 12,770 shares during the period. Concentric Wealth Management LLC purchased a new position in shares of Verizon Communications during the fourth quarter worth about $1,752,000. Mcmillion Capital Management Inc. boosted its position in shares of Verizon Communications by 3.8% in the third quarter. Mcmillion Capital Management Inc. now owns 82,604 shares of the cell phone carrier’s stock worth $4,294,000 after buying an additional 3,048 shares during the period. Covington Capital Management boosted its position in shares of Verizon Communications by 1.9% in the third quarter. Covington Capital Management now owns 262,289 shares of the cell phone carrier’s stock worth $13,634,000 after buying an additional 4,766 shares during the period. Finally, Salem Capital Management Inc. boosted its position in shares of Verizon Communications by 2.5% in the third quarter. Salem Capital Management Inc. now owns 79,081 shares of the cell phone carrier’s stock worth $4,111,000 after buying an additional 1,925 shares during the period. 63.38% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Verizon Communications Inc. (NYSE:VZ) opened at 50.24 on Tuesday. The company has a market cap of $204.81 billion, a price-to-earnings ratio of 15.65 and a beta of 0.43. Verizon Communications Inc. has a one year low of $46.01 and a one year high of $56.95. The firm has a 50-day moving average of $49.26 and a 200-day moving average of $50.48.

Verizon Communications (NYSE:VZ) last released its earnings results on Tuesday, January 24th. The cell phone carrier reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by $0.03. Verizon Communications had a return on equity of 72.75% and a net margin of 10.42%. The company earned $32.30 billion during the quarter, compared to analysts’ expectations of $32.12 billion. During the same period last year, the firm posted $0.89 EPS. Verizon Communications’s quarterly revenue was down 5.6% compared to the same quarter last year. Equities research analysts forecast that Verizon Communications Inc. will post $3.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 1st. Stockholders of record on Monday, April 10th will be issued a $0.5775 dividend. This represents a $2.31 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, April 6th. Verizon Communications’s dividend payout ratio (DPR) is presently 71.74%.

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VZ has been the topic of a number of research reports. Evercore ISI initiated coverage on shares of Verizon Communications in a research note on Monday, January 30th. They set a “hold” rating and a $53.00 target price on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Verizon Communications in a research note on Wednesday, January 25th. Barclays PLC decreased their target price on shares of Verizon Communications from $53.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 25th. FBR & Co cut shares of Verizon Communications from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $57.00 to $52.00 in a research note on Wednesday, January 25th. Finally, Goldman Sachs Group Inc decreased their target price on shares of Verizon Communications from $54.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $54.53.

In other news, EVP Roger Gurnani sold 10,804 shares of the business’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $50.29, for a total value of $543,333.16. Following the transaction, the executive vice president now owns 63,734 shares of the company’s stock, valued at $3,205,182.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Anthony T. Skiadas sold 12,495 shares of the business’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $48.27, for a total transaction of $603,133.65. Following the completion of the transaction, the senior vice president now directly owns 16,058 shares in the company, valued at approximately $775,119.66. The disclosure for this sale can be found here. Insiders sold 55,553 shares of company stock worth $2,756,586 in the last three months. Insiders own 0.10% of the company’s stock.

About Verizon Communications

Verizon Communications Inc (Verizon) is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The Company offers voice, data and video services and solutions on its wireless and wireline networks.

5 Day Chart for NYSE:VZ

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