Verizon Communications (VZ) Holdings Boosted by Vigilant Capital Management LLC

Vigilant Capital Management LLC boosted its position in Verizon Communications (NYSE:VZ) by 47.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,442 shares of the cell phone carrier’s stock after acquiring an additional 7,525 shares during the quarter. Vigilant Capital Management LLC’s holdings in Verizon Communications were worth $1,241,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Exane Derivatives acquired a new stake in shares of Verizon Communications in the 4th quarter valued at about $103,000. Legacy Advisors LLC acquired a new stake in shares of Verizon Communications in the 3rd quarter valued at about $132,000. Shine Investment Advisory Services Inc. raised its stake in shares of Verizon Communications by 190.9% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 2,705 shares of the cell phone carrier’s stock valued at $134,000 after purchasing an additional 1,775 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Verizon Communications in the 2nd quarter valued at about $156,000. Finally, Atlantic Trust LLC raised its stake in shares of Verizon Communications by 9.9% in the 2nd quarter. Atlantic Trust LLC now owns 11,164 shares of the cell phone carrier’s stock valued at $170,000 after purchasing an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 64.00% of the company’s stock.

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NYSE VZ opened at $47.48 on Friday. Verizon Communications has a 52 week low of $42.80 and a 52 week high of $54.77. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $197,853.31, a price-to-earnings ratio of 12.70, a PEG ratio of 1.95 and a beta of 0.64.

Verizon Communications (NYSE:VZ) last posted its earnings results on Tuesday, January 23rd. The cell phone carrier reported $0.86 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.02). Verizon Communications had a return on equity of 48.97% and a net margin of 23.88%. The firm had revenue of $33.96 billion during the quarter, compared to the consensus estimate of $33.20 billion. During the same quarter last year, the company posted $0.86 EPS. Verizon Communications’s revenue for the quarter was up 2.2% on a year-over-year basis. equities analysts expect that Verizon Communications will post 4.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 4.97%. The ex-dividend date is Monday, April 9th. Verizon Communications’s dividend payout ratio (DPR) is 63.10%.

A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of Verizon Communications from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. HSBC downgraded shares of Verizon Communications from a “buy” rating to a “hold” rating and lowered their price objective for the company from $54.83 to $42.80 in a research report on Thursday, December 14th. They noted that the move was a valuation call. Vetr raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $54.80 price objective for the company in a research report on Monday, February 5th. Howard Weil raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, January 22nd. Finally, Guggenheim assumed coverage on shares of Verizon Communications in a research report on Tuesday, March 13th. They set a “buy” rating and a $58.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $54.24.

In other Verizon Communications news, SVP Anthony T. Skiadas sold 6,967 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total value of $346,956.60. Following the completion of the transaction, the senior vice president now owns 16,059 shares in the company, valued at approximately $799,738.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

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About Verizon Communications

Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.

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

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