Verizon Communications Inc. (NYSE:VZ) Shares Bought by Affiance Financial LLC

Affiance Financial LLC raised its holdings in Verizon Communications Inc. (NYSE:VZ) by 12.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,856 shares of the cell phone carrier’s stock after acquiring an additional 1,700 shares during the period. Affiance Financial LLC’s holdings in Verizon Communications were worth $849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. S. R. Schill & Associates boosted its position in Verizon Communications by 2.4% during the 4th quarter. S. R. Schill & Associates now owns 7,625 shares of the cell phone carrier’s stock worth $429,000 after purchasing an additional 178 shares during the period. Hengehold Capital Management LLC boosted its position in Verizon Communications by 0.4% in the 4th quarter. Hengehold Capital Management LLC now owns 47,560 shares of the cell phone carrier’s stock valued at $2,674,000 after buying an additional 179 shares during the last quarter. Cascade Investment Advisors Inc. boosted its position in Verizon Communications by 21.5% in the 4th quarter. Cascade Investment Advisors Inc. now owns 1,033 shares of the cell phone carrier’s stock valued at $58,000 after buying an additional 183 shares during the last quarter. Successful Portfolios LLC boosted its position in Verizon Communications by 1.5% in the 4th quarter. Successful Portfolios LLC now owns 13,512 shares of the cell phone carrier’s stock valued at $760,000 after buying an additional 200 shares during the last quarter. Finally, CKW Financial Group boosted its position in Verizon Communications by 2.7% in the 4th quarter. CKW Financial Group now owns 7,637 shares of the cell phone carrier’s stock valued at $429,000 after buying an additional 200 shares during the last quarter. Institutional investors own 65.55% of the company’s stock.

A number of research firms have weighed in on VZ. UBS Group raised shares of Loma Negra Compania Indl Argentina from a “sell” rating to a “neutral” rating in a research report on Thursday, May 30th. Bank of America set a $64.00 price objective on shares of Verizon Communications and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Citigroup set a $12.00 price objective on shares of Avaya and gave the company a “hold” rating in a research report on Monday, July 8th. Royal Bank of Canada set a €18.50 ($21.51) price objective on shares of ENI and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research cut shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.30.

In related news, SVP Anthony T. Skiadas sold 6,134 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $57.11, for a total transaction of $350,312.74. Following the sale, the senior vice president now owns 20,000 shares in the company, valued at $1,142,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Craig L. Silliman sold 1,349 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $59.20, for a total transaction of $79,860.80. Following the sale, the executive vice president now owns 26,728 shares in the company, valued at approximately $1,582,297.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,181 shares of company stock worth $584,243. 0.03% of the stock is owned by company insiders.

Shares of VZ stock traded down $0.02 during trading hours on Tuesday, hitting $55.48. 13,757,172 shares of the company were exchanged, compared to its average volume of 13,979,581. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.87 and a quick ratio of 0.83. Verizon Communications Inc. has a one year low of $50.05 and a one year high of $61.58. The firm has a 50-day moving average price of $57.34. The company has a market cap of $228.97 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 2.80 and a beta of 0.51.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings results on Tuesday, April 23rd. The cell phone carrier reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $32.13 billion for the quarter, compared to analysts’ expectations of $32.13 billion. Verizon Communications had a net margin of 12.20% and a return on equity of 35.40%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. As a group, sell-side analysts expect that Verizon Communications Inc. will post 4.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be paid a dividend of $0.6025 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.41 annualized dividend and a yield of 4.34%. Verizon Communications’s dividend payout ratio (DPR) is 51.17%.

Verizon Communications Profile

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; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.

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

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