FCM Investments TX diminished its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 20.four% in the course of the 2nd quarter, in line with its most up-to-date 13F submitting with the SEC. The agency owned 16,603 shares of the mobile phone service’s inventory after promoting four,250 shares in the course of the interval. Verizon Communications makes up roughly zero.6% of FCM Investments TX’s holdings, making the inventory its 27th largest holding. FCM Investments TX’s holdings in Verizon Communications had been price $741,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional traders have additionally purchased and bought shares of VZ. Tufton Capital Administration grew its stake in shares of Verizon Communications by 9.eight% within the second quarter. Tufton Capital Administration now owns 156,603 shares of the mobile phone service’s inventory valued at $6,994,000 after shopping for an extra 13,913 shares within the final quarter. Welch Investments LLC grew its stake in shares of Verizon Communications by 12.eight% within the second quarter. Welch Investments LLC now owns 88,884 shares of the mobile phone service’s inventory valued at $three,970,000 after shopping for an extra 10,105 shares within the final quarter. Grove Financial institution & Belief boosted its place in Verizon Communications by 6.2% in the course of the second quarter. Grove Financial institution & Belief now owns 44,882 shares of the mobile phone service’s inventory price $2,004,000 after buying an extra 2,616 shares in the course of the interval. Weatherly Asset Administration L. P. boosted its place in Verizon Communications by 2.7% in the course of the second quarter. Weatherly Asset Administration L. P. now owns 49,619 shares of the mobile phone service’s inventory price $2,216,000 after buying an extra 1,325 shares in the course of the interval. Lastly, Change Capital Administration Inc. boosted its place in Verizon Communications by 965.eight% in the course of the second quarter. Change Capital Administration Inc. now owns 44,613 shares of the mobile phone service’s inventory price $1,992,000 after buying an extra 40,427 shares in the course of the interval. Institutional traders personal 62.28% of the corporate’s inventory.
In badociated information, EVP Craig L. Silliman bought 610 shares of the agency’s inventory in a transaction on Wednesday, September 27th. The inventory was bought at a mean value of $49.23, for a complete worth of $30,030.30. Following the completion of the transaction, the chief vice chairman now owns 6,599 shares within the firm, valued at roughly $324,868.77. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by this hyperlink. zero.13% of the inventory is owned by firm insiders.
A variety of equities badysis badysts have not too long ago weighed in on VZ shares. Macquarie reissued a “maintain” ranking and set a $52.00 goal value on shares of Verizon Communications in a report on Sunday, October 22nd. Cowen and Firm reissued a “maintain” ranking and set a $49.00 goal value on shares of Verizon Communications in a report on Wednesday, July 19th. Moffett Nathanson reissued a “purchase” ranking on shares of Verizon Communications in a report on Thursday, October 12th. SunTrust Banks, Inc. reissued a “maintain” ranking and set a $50.00 goal value on shares of Verizon Communications in a report on Friday, October 20th. Lastly, Jefferies Group LLC reaffirmed a “maintain” ranking and issued a $50.00 value goal on shares of Verizon Communications in a badysis notice on Monday, July third. Two badysts have rated the inventory with a promote ranking, twenty have issued a maintain ranking, six have given a purchase ranking and one has given a powerful purchase ranking to the inventory. The corporate presently has a mean ranking of “Maintain” and a mean value goal of $52.75.
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Shares of Verizon Communications Inc. (VZ) traded down zero.04% throughout noon buying and selling on Friday, hitting $48.87. The inventory had a buying and selling quantity of 12,423,443 shares. The inventory has a market cap of $199.36 billion, a PE ratio of 12.56 and a beta of zero.56. The inventory’s 50-day shifting common is $48.73 and its 200-day shifting common is $47.03. Verizon Communications Inc. has a 12 month low of $42.80 and a 12 month excessive of $54.83.
Verizon Communications (NYSE:VZ) final introduced its earnings outcomes on Thursday, October 19th. The mobile phone service reported $zero.98 earnings per share (EPS) for the quarter, badembly the consensus estimate of $zero.98. The enterprise had income of $31.70 billion for the quarter, in comparison with badysts’ expectations of $31.45 billion. Verizon Communications had a return on fairness of 58.66% and a internet margin of 12.80%. The enterprise’s income for the quarter was up 2.5% on a year-over-year foundation. Throughout the identical quarter final 12 months, the agency earned $1.01 EPS. Equities badysts anticipate that Verizon Communications Inc. will put up $three.76 EPS for the present 12 months.
The agency additionally not too long ago disclosed a quarterly dividend, which will likely be paid on Wednesday, November 1st. Stockholders of report on Tuesday, October 10th will likely be given a $zero.59 dividend. This can be a enhance from Verizon Communications’s earlier quarterly dividend of $zero.58. The ex-dividend date of this dividend is Friday, October sixth. This represents a $2.36 dividend on an annualized foundation and a dividend yield of four.83%. Verizon Communications’s dividend payout ratio (DPR) is presently 60.51%.
About Verizon Communications
Verizon Communications Inc is a holding firm. The Firm, by its subsidiaries, gives communications, info and leisure services to customers, companies and governmental companies. Its segments embrace Wi-fi and Wireline. The Wi-fi phase presents communications services, together with wi-fi voice and information companies and tools gross sales, to shopper, enterprise and authorities clients throughout the USA.
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