Goelzer Funding Administration Inc. boosted its place in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 1.7% within the third quarter, in response to the corporate in its most up-to-date disclosure with the SEC. The agency owned 191,537 shares of the mobile phone service’s inventory after buying an extra 3,272 shares in the course of the quarter. Goelzer Funding Administration Inc.’s holdings in Verizon Communications have been value $8,602,000 as of its most up-to-date SEC submitting.
A number of different massive traders have additionally just lately purchased and bought shares of VZ. Vanguard Group Inc. elevated its place in shares of Verizon Communications by 0.3% in the course of the first quarter. Vanguard Group Inc. now owns 351,267,175 shares of the mobile phone service’s inventory value $14,739,171,000 after buying an extra 1,216,963 shares within the final quarter. Authorized & Normal Group Plc raised its stake in shares of Verizon Communications by 3.0% within the 2nd quarter. Authorized & Normal Group Plc now owns 38,357,031 shares of the mobile phone service’s inventory valued at $1,581,848,000 after buying an extra 1,106,887 shares in the course of the interval. Dimensional Fund Advisors LP lifted its holdings in shares of Verizon Communications by 1.5% within the second quarter. Dimensional Fund Advisors LP now owns 35,561,841 shares of the mobile phone service’s inventory valued at $1,466,446,000 after buying an extra 535,322 shares within the final quarter. Raymond James & Associates boosted its place in shares of Verizon Communications by 0.6% in the course of the second quarter. Raymond James & Associates now owns 16,458,264 shares of the mobile phone service’s inventory value $678,739,000 after shopping for an extra 104,447 shares in the course of the interval. Lastly, American Century Corporations Inc. grew its holdings in shares of Verizon Communications by 7.7% in the course of the second quarter. American Century Corporations Inc. now owns 13,127,360 shares of the mobile phone service’s inventory value $541,372,000 after shopping for an extra 936,823 shares within the final quarter. Institutional traders personal 62.06% of the corporate’s inventory.
Verizon Communications Inventory Efficiency
Shares of NYSE:VZ traded down $0.34 throughout noon buying and selling on Friday, reaching $44.18. The corporate had a buying and selling quantity of 14,537,280 shares, in comparison with its common quantity of 18,762,088. The inventory has a market cap of $185.96 billion, a P/E ratio of 16.49, a P/E/G ratio of 4.03 and a beta of 0.42. Verizon Communications Inc. has a 52-week low of $30.14 and a 52-week excessive of $45.36. The corporate’s 50 day shifting common value is $42.28 and its 200 day shifting common value is $41.11. The corporate has a present ratio of 0.63, a fast ratio of 0.60 and a debt-to-equity ratio of 1.29.
Verizon Communications (NYSE:VZ – Get Free Report) final launched its quarterly earnings outcomes on Monday, July twenty second. The mobile phone service reported $1.15 EPS for the quarter, hitting analysts’ consensus estimates of $1.15. The enterprise had income of $32.80 billion in the course of the quarter, in comparison with analysts’ expectations of $33.05 billion. Verizon Communications had a web margin of 8.38% and a return on fairness of 20.10%. The enterprise’s quarterly income was up .6% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the corporate earned $1.21 EPS. As a gaggle, sell-side analysts anticipate that Verizon Communications Inc. will publish 4.58 EPS for the present fiscal 12 months.
Verizon Communications Will increase Dividend
The corporate additionally just lately introduced a quarterly dividend, which will likely be paid on Friday, November 1st. Shareholders of report on Thursday, October tenth will likely be paid a $0.678 dividend. The ex-dividend date of this dividend is Thursday, October tenth. This represents a $2.71 annualized dividend and a yield of 6.14%. It is a constructive change from Verizon Communications’s earlier quarterly dividend of $0.67. Verizon Communications’s dividend payout ratio is at present 101.12%.
Wall Road Analyst Weigh In
Quite a lot of analysis analysts just lately weighed in on the inventory. TD Cowen raised their goal value on shares of Verizon Communications from $48.00 to $51.00 and gave the corporate a “purchase” ranking in a analysis report on Tuesday, July twenty third. Citigroup lifted their goal value on Verizon Communications from $47.00 to $49.00 and gave the corporate a “purchase” ranking in a analysis report on Wednesday, September twenty fifth. Raymond James elevated their value goal on Verizon Communications from $44.00 to $48.00 and gave the corporate an “outperform” ranking in a analysis report on Tuesday, September twenty fourth. KeyCorp dropped their value goal on Verizon Communications from $46.00 to $44.00 and set an “obese” ranking on the inventory in a analysis word on Friday, September sixth. Lastly, JPMorgan Chase & Co. decreased their goal value on shares of Verizon Communications from $46.00 to $45.00 and set a “impartial” ranking for the corporate in a analysis word on Tuesday, July twenty third. Eight analysts have rated the inventory with a maintain ranking and ten have issued a purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat, Verizon Communications at present has a mean ranking of “Reasonable Purchase” and a consensus value goal of $46.26.
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About Verizon Communications
Verizon Communications Inc, via its subsidiaries, engages within the provision of communications, know-how, info, and leisure services and products to shoppers, companies, and governmental entities worldwide. It operates in two segments, Verizon Client Group (Client) and Verizon Enterprise Group (Enterprise).
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