2 weeks Ago By ABMN Staff
Beaird Harris Wealth Management LLC increased its position in shares of Verizon Communications Inc. ( NYSE:VZ – Free Report ) by 44.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 6,946 shares of the cell phone carrier’s stock after acquiring an additional 2,149 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Verizon Communications were worth $286,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently bought and sold shares of the company.
Gilbert & Cook Inc. boosted its stake in Verizon Communications by 2.2% in the 4th quarter.
Gilbert & Cook Inc. now owns 24,158 shares of the cell phone carrier’s stock worth $911,000 after purchasing an additional 509 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in shares of Verizon Communications by 3.
5% during the fourth quarter. 9258 Wealth Management LLC now owns 9,525 shares of the cell phone carrier’s stock valued at $359,000 after buying an additional 321 shares during the last quarter. Gryphon Financial Partners LLC increased its position in shares of Verizon Communications by 89.
5% in the 4th quarter. Gryphon Financial Partners LLC now owns 20,785 shares of the cell phone carrier’s stock valued at $864,000 after acquiring an additional 9,818 shares during the period. J.
W. Coons Advisors LLC purchased a new position in Verizon Communications in the 4th quarter worth $201,000. Finally, Catalytic Wealth RIA LLC acquired a new stake in Verizon Communications during the 4th quarter worth about $212,000.
Hedge funds and other institutional investors own 62.06% of the company’s stock. Analyst Ratings Changes A number of research analysts have recently weighed in on VZ shares.
Bank of America increased their price objective on Verizon Communications from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday.
Citigroup increased their price target on shares of Verizon Communications from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday.
Royal Bank of Canada lifted their price objective on shares of Verizon Communications from $42.00 to $46.00 and gave the company a “sector perform” rating in a research note on Monday, September 23rd.
TD Cowen increased their price objective on shares of Verizon Communications from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd.
Finally, Scotiabank boosted their target price on shares of Verizon Communications from $45.50 to $46.50 and gave the company a “sector perform” rating in a research report on Wednesday, July 10th.
Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.09.
Verizon Communications Stock Up 0.6 % Shares of NYSE VZ opened at $44.89 on Friday.
The company has a current ratio of 0.63, a quick ratio of 0.60 and a debt-to-equity ratio of 1.
29. The company has a 50-day moving average of $41.76 and a 200 day moving average of $40.
94. Verizon Communications Inc. has a 12-month low of $30.
14 and a 12-month high of $45.05. The stock has a market cap of $188.
95 billion, a PE ratio of 16.75, a P/E/G ratio of 4.03 and a beta of 0.
42. Verizon Communications ( NYSE:VZ – Get Free Report ) last issued its earnings results on Monday, July 22nd. The cell phone carrier reported $1.
15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.15. Verizon Communications had a return on equity of 20.
10% and a net margin of 8.38%. The business had revenue of $32.
80 billion during the quarter, compared to the consensus estimate of $33.05 billion. During the same period last year, the company earned $1.
21 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis.
As a group, sell-side analysts predict that Verizon Communications Inc. will post 4.58 EPS for the current fiscal year.
Verizon Communications Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be given a $0.678 dividend.
The ex-dividend date is Thursday, October 10th. This represents a $2.71 dividend on an annualized basis and a yield of 6.
04%. This is an increase from Verizon Communications’s previous quarterly dividend of $0.67.
Verizon Communications’s payout ratio is currently 101.12%. About Verizon Communications ( 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.
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