Verizon Communications Inc. (NYSE:VZ) Stock Holdings Lessened by American National Bank

American National Bank lowered its stake in Verizon Communications Inc. (NYSE:VZGet Rating) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,840 shares of the cell phone carrier’s stock after selling 16,205 shares during the period. American National Bank’s holdings in Verizon Communications were worth $5,904,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Certified Advisory Corp raised its stake in Verizon Communications by 1.0% during the 1st quarter. Certified Advisory Corp now owns 23,297 shares of the cell phone carrier’s stock valued at $1,187,000 after purchasing an additional 233 shares during the period. FCA Corp TX raised its stake in Verizon Communications by 1.0% during the 3rd quarter. FCA Corp TX now owns 27,044 shares of the cell phone carrier’s stock valued at $1,027,000 after purchasing an additional 270 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Verizon Communications by 4.0% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 6,999 shares of the cell phone carrier’s stock valued at $266,000 after purchasing an additional 272 shares during the period. Fort Sheridan Advisors LLC raised its stake in Verizon Communications by 0.4% during the 3rd quarter. Fort Sheridan Advisors LLC now owns 66,374 shares of the cell phone carrier’s stock valued at $2,520,000 after purchasing an additional 272 shares during the period. Finally, WILLIAM ALLAN Corp raised its stake in Verizon Communications by 4.5% during the 3rd quarter. WILLIAM ALLAN Corp now owns 6,407 shares of the cell phone carrier’s stock valued at $243,000 after purchasing an additional 274 shares during the period. Institutional investors own 60.96% of the company’s stock.

Verizon Communications Trading Up 0.6 %

Shares of NYSE:VZ opened at $36.79 on Friday. The stock has a market capitalization of $154.51 billion, a PE ratio of 7.27, a P/E/G ratio of 1.90 and a beta of 0.36. Verizon Communications Inc. has a 1 year low of $34.55 and a 1 year high of $55.51. The firm has a fifty day moving average price of $39.65 and a 200 day moving average price of $38.99. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 1.52.

Verizon Communications (NYSE:VZGet Rating) last released its quarterly earnings results on Tuesday, January 24th. The cell phone carrier reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). Verizon Communications had a net margin of 15.53% and a return on equity of 24.60%. The firm had revenue of $35.30 billion for the quarter, compared to the consensus estimate of $35.14 billion. During the same quarter last year, the company earned $1.31 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Analysts expect that Verizon Communications Inc. will post 4.69 EPS for the current fiscal year.

Verizon Communications Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be issued a dividend of $0.6525 per share. This represents a $2.61 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Thursday, April 6th. Verizon Communications’s dividend payout ratio (DPR) is 51.58%.

Insider Buying and Selling at Verizon Communications

In other Verizon Communications news, CEO Kyle Malady sold 6,226 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $36.69, for a total transaction of $228,431.94. Following the completion of the sale, the chief executive officer now directly owns 67,966 shares in the company, valued at $2,493,672.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VZ. Moffett Nathanson raised shares of Verizon Communications from an “underperform” rating to a “market perform” rating and set a $41.00 target price on the stock in a research note on Monday, December 19th. Cowen cut their target price on shares of Verizon Communications from $55.00 to $49.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Royal Bank of Canada cut their target price on shares of Verizon Communications from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 25th. Oppenheimer cut their target price on shares of Verizon Communications from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Finally, Tigress Financial dropped their price target on shares of Verizon Communications from $68.00 to $64.00 in a research note on Friday, December 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $47.63.

Verizon Communications Company Profile

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Verizon Communications, Inc is a holding company, which engages in the provision of communications, information, and entertainment products and services. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products.

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

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