Investors Sell Verizon Communications (VZ) on Strength (VZ)

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Traders sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading on Monday. $152.61 million flowed into the stock on the tick-up and $301.62 million flowed out of the stock on the tick-down, for a money net flow of $149.01 million out of the stock. Of all companies tracked, Verizon Communications had the 0th highest net out-flow for the day. Verizon Communications traded up $1.13 for the day and closed at $55.16

A number of analysts have issued reports on the company. JPMorgan Chase & Co. downgraded Verizon Communications from an “overweight” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Monday, December 3rd. ValuEngine raised Verizon Communications from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Morgan Stanley downgraded Verizon Communications from an “overweight” rating to an “equal weight” rating and set a $58.00 target price for the company. in a report on Wednesday, December 12th. Scotiabank set a $62.00 target price on Verizon Communications and gave the stock a “buy” rating in a research report on Wednesday, October 24th. Finally, Barclays upped their price target on Verizon Communications from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Wednesday, October 24th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $55.90.

The firm has a market cap of $228.85 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 2.91 and a beta of 0.48. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.91 and a quick ratio of 0.88.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Tuesday, January 29th. The cell phone carrier reported $1.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.03. The company had revenue of $34.28 billion for the quarter, compared to analysts’ expectations of $34.45 billion. Verizon Communications had a return on equity of 35.96% and a net margin of 11.87%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 earnings per share. On average, sell-side analysts predict that Verizon Communications Inc. will post 4.66 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 1st. Investors of record on Thursday, January 10th were issued a dividend of $0.6025 per share. The ex-dividend date was Wednesday, January 9th. This represents a $2.41 annualized dividend and a yield of 4.35%. Verizon Communications’s payout ratio is 51.17%.

A number of large investors have recently made changes to their positions in VZ. S. R. Schill & Associates lifted its stake in shares of Verizon Communications by 2.4% in the 4th quarter. S. R. Schill & Associates now owns 7,625 shares of the cell phone carrier’s stock valued at $429,000 after purchasing an additional 178 shares during the last quarter. Hengehold Capital Management LLC lifted its position in Verizon Communications by 0.4% during the 4th quarter. Hengehold Capital Management LLC now owns 47,560 shares of the cell phone carrier’s stock worth $2,674,000 after acquiring an additional 179 shares during the last quarter. Cascade Investment Advisors Inc. lifted its position in Verizon Communications by 21.5% during the 4th quarter. Cascade Investment Advisors Inc. now owns 1,033 shares of the cell phone carrier’s stock worth $58,000 after acquiring an additional 183 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its position in Verizon Communications by 1.0% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 18,783 shares of the cell phone carrier’s stock worth $1,056,000 after acquiring an additional 192 shares during the last quarter. Finally, Rikoon Group LLC lifted its position in Verizon Communications by 0.8% during the 4th quarter. Rikoon Group LLC now owns 26,281 shares of the cell phone carrier’s stock worth $1,478,000 after acquiring an additional 198 shares during the last quarter. 65.37% of the stock is currently owned by hedge funds and other institutional investors.

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Verizon Communications Company Profile (NYSE:VZ)

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.

Further Reading: What is the Dividend Aristocrat Index?

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