Bleakley Monetary Group LLC grew its holdings in Verizon Communications Inc. (NYSE:VZ – Free Report) by 3.0% within the third quarter, HoldingsChannel.com experiences. The institutional investor owned 102,245 shares of the cellphone provider’s inventory after buying an extra 2,953 shares throughout the interval. Bleakley Monetary Group LLC’s holdings in Verizon Communications have been price $4,592,000 as of its most up-to-date submitting with the Securities & Change Fee.
Quite a lot of different hedge funds additionally just lately made modifications to their positions in VZ. Alliance Wealth Advisors LLC boosted its holdings in Verizon Communications by 1.4% within the 2nd quarter. Alliance Wealth Advisors LLC now owns 17,760 shares of the cellphone provider’s inventory price $732,000 after shopping for an extra 241 shares throughout the interval. Fermata Advisors LLC lifted its place in shares of Verizon Communications by 4.5% throughout the third quarter. Fermata Advisors LLC now owns 5,626 shares of the cellphone provider’s inventory price $253,000 after buying an extra 243 shares within the final quarter. Semmax Monetary Advisors Inc. grew its place in shares of Verizon Communications by 0.4% within the second quarter. Semmax Monetary Advisors Inc. now owns 54,926 shares of the cellphone provider’s inventory valued at $2,240,000 after buying an extra 246 shares within the final quarter. Sawgrass Asset Administration LLC grew its place in shares of Verizon Communications by 1.2% within the second quarter. Sawgrass Asset Administration LLC now owns 21,568 shares of the cellphone provider’s inventory valued at $889,000 after buying an extra 250 shares within the final quarter. Lastly, Wynn Capital LLC lifted its holdings in Verizon Communications by 4.4% throughout the third quarter. Wynn Capital LLC now owns 5,945 shares of the cellphone provider’s inventory price $267,000 after buying an extra 250 shares within the final quarter. 62.06% of the inventory is owned by institutional buyers and hedge funds.
Verizon Communications Buying and selling Up 0.3 %
Shares of VZ inventory opened at $43.99 on Friday. The enterprise has a 50-day transferring common of $42.94 and a 200 day transferring common of $41.29. The corporate has a debt-to-equity ratio of 1.29, a present ratio of 0.63 and a fast ratio of 0.60. Verizon Communications Inc. has a 1-year low of $31.26 and a 1-year excessive of $45.36. The inventory has a market capitalization of $185.17 billion, a PE ratio of 16.41, a P/E/G ratio of 4.02 and a beta of 0.42.
Verizon Communications (NYSE:VZ – Get Free Report) final launched its quarterly earnings information on Monday, July twenty second. The cellphone provider reported $1.15 earnings per share for the quarter, assembly analysts’ consensus estimates of $1.15. Verizon Communications had a return on fairness of 20.10% and a web margin of 8.38%. The agency had income of $32.80 billion throughout the quarter, in comparison with analyst estimates of $33.05 billion. Throughout the identical quarter within the prior yr, the agency posted $1.21 earnings per share. The enterprise’s quarterly income was up .6% in comparison with the identical quarter final yr. As a bunch, sell-side analysts anticipate that Verizon Communications Inc. will submit 4.58 earnings per share for the present yr.
Verizon Communications Will increase Dividend
The corporate additionally just lately disclosed a quarterly dividend, which can be paid on Friday, November 1st. Shareholders of document on Thursday, October tenth can be given a $0.678 dividend. It is a enhance from Verizon Communications’s earlier quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, October tenth. This represents a $2.71 dividend on an annualized foundation and a dividend yield of 6.17%. Verizon Communications’s payout ratio is presently 101.12%.
Analysts Set New Value Targets
Quite a lot of analysis analysts have weighed in on VZ shares. Tigress Monetary lifted their goal worth on Verizon Communications from $52.00 to $55.00 and gave the corporate a “purchase” ranking in a report on Tuesday, October 1st. Financial institution of America boosted their worth goal on shares of Verizon Communications from $41.00 to $45.00 and gave the corporate a “impartial” ranking in a analysis report on Thursday, September twenty sixth. Royal Financial institution of Canada boosted their goal worth on Verizon Communications from $42.00 to $46.00 and gave the inventory a “sector carry out” ranking in a analysis report on Monday, September twenty third. Citigroup boosted their worth goal on Verizon Communications from $47.00 to $49.00 and gave the inventory a “purchase” ranking in a report on Wednesday, September twenty fifth. Lastly, The Goldman Sachs Group started protection on shares of Verizon Communications in a analysis report on Monday, July 1st. They set a “purchase” ranking and a $50.00 goal worth for the corporate. Eight funding analysts have rated the inventory with a maintain ranking and ten have issued a purchase ranking to the inventory. In keeping with MarketBeat.com, Verizon Communications has a consensus ranking of “Reasonable Purchase” and a consensus goal worth of $46.31.
View Our Newest Analysis Report on VZ
Verizon Communications Firm Profile
Verizon Communications Inc, via its subsidiaries, engages within the provision of communications, know-how, data, and leisure services and products to shoppers, companies, and governmental entities worldwide. It operates in two segments, Verizon Shopper Group (Shopper) and Verizon Enterprise Group (Enterprise).
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