Stephens Inc. AR Has $22.19 Million Stock Position in Verizon Communications Inc. (NYSE:VZ)

Stephens Inc. AR lowered its holdings in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 11.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 588,497 shares of the cell phone carrier’s stock after selling 79,714 shares during the period. Stephens Inc. AR’s holdings in Verizon Communications were worth $22,186,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of VZ. Taylor Hoffman Wealth Management grew its position in Verizon Communications by 32.9% during the 4th quarter. Taylor Hoffman Wealth Management now owns 9,353 shares of the cell phone carrier’s stock worth $353,000 after acquiring an additional 2,314 shares during the last quarter. WealthTrust Axiom LLC grew its position in Verizon Communications by 2.1% during the 4th quarter. WealthTrust Axiom LLC now owns 118,806 shares of the cell phone carrier’s stock worth $4,479,000 after acquiring an additional 2,422 shares during the last quarter. Portland Investment Counsel Inc. grew its position in Verizon Communications by 173.7% during the 3rd quarter. Portland Investment Counsel Inc. now owns 652,169 shares of the cell phone carrier’s stock worth $21,137,000 after acquiring an additional 413,869 shares during the last quarter. Dynamic Advisor Solutions LLC grew its position in Verizon Communications by 1.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 127,632 shares of the cell phone carrier’s stock worth $5,131,000 after acquiring an additional 1,616 shares during the last quarter. Finally, GFS Advisors LLC bought a new stake in Verizon Communications during the 4th quarter worth $212,000. Institutional investors and hedge funds own 62.06% of the company’s stock.

Verizon Communications Trading Down 0.5 %

Shares of Verizon Communications stock traded down $0.21 on Friday, hitting $41.12. 2,877,857 shares of the company’s stock traded hands, compared to its average volume of 18,959,660. The company has a fifty day moving average of $40.29 and a two-hundred day moving average of $39.73. Verizon Communications Inc. has a one year low of $30.14 and a one year high of $43.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.71 and a quick ratio of 0.67. The company has a market capitalization of $173.08 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

Verizon Communications (NYSE:VZGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The cell phone carrier reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.03. Verizon Communications had a return on equity of 20.41% and a net margin of 8.44%. The business had revenue of $33 billion for the quarter, compared to the consensus estimate of $33.23 billion. During the same period in the prior year, the business earned $1.20 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. As a group, sell-side analysts expect that Verizon Communications Inc. will post 4.6 earnings per share for the current year.

Verizon Communications Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date is Wednesday, July 10th. Verizon Communications’s dividend payout ratio (DPR) is currently 99.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their price target on Verizon Communications from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 23rd. StockNews.com upgraded Verizon Communications from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. Royal Bank of Canada upped their price target on Verizon Communications from $36.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 2nd. Oppenheimer reiterated an “outperform” rating and issued a $48.00 price target on shares of Verizon Communications in a research report on Tuesday, April 23rd. Finally, Redburn Atlantic upgraded Verizon Communications from a “sell” rating to a “neutral” rating and upped their price target for the company from $33.00 to $39.00 in a research report on Friday, March 22nd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Verizon Communications currently has a consensus rating of “Moderate Buy” and an average target price of $44.77.

View Our Latest Report on VZ

Verizon Communications Profile

(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

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

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