Mirador Capital Companions LP boosted its holdings in Verizon Communications Inc. (NYSE:VZ – Free Report) by 3.4% within the third quarter, in accordance with its most up-to-date 13F submitting with the Securities and Trade Fee. The institutional investor owned 24,048 shares of the cellular phone service’s inventory after shopping for an extra 794 shares in the course of the interval. Mirador Capital Companions LP’s holdings in Verizon Communications have been price $1,080,000 as of its most up-to-date submitting with the Securities and Trade Fee.
Different institutional traders and hedge funds additionally lately made modifications to their positions within the firm. Alliance Wealth Advisors LLC boosted its holdings in Verizon Communications by 1.4% within the second quarter. Alliance Wealth Advisors LLC now owns 17,760 shares of the cellular phone service’s inventory price $732,000 after buying an extra 241 shares within the final quarter. Semmax Monetary Advisors Inc. boosted its stake in Verizon Communications by 0.4% within the 2nd quarter. Semmax Monetary Advisors Inc. now owns 54,926 shares of the cellular phone service’s inventory price $2,240,000 after buying an extra 246 shares within the final quarter. Sawgrass Asset Administration LLC grew its place in Verizon Communications by 1.2% in the course of the 2nd quarter. Sawgrass Asset Administration LLC now owns 21,568 shares of the cellular phone service’s inventory price $889,000 after buying an extra 250 shares over the last quarter. Fermata Advisors LLC elevated its stake in Verizon Communications by 5.0% in the course of the 2nd quarter. Fermata Advisors LLC now owns 5,383 shares of the cellular phone service’s inventory valued at $222,000 after buying an extra 254 shares within the final quarter. Lastly, BKM Wealth Administration LLC raised its holdings in shares of Verizon Communications by 7.4% within the first quarter. BKM Wealth Administration LLC now owns 3,715 shares of the cellular phone service’s inventory price $156,000 after shopping for an extra 257 shares over the last quarter. Institutional traders personal 62.06% of the corporate’s inventory.
Verizon Communications Value Efficiency
Shares of NYSE VZ traded down $0.34 throughout mid-day buying and selling on Friday, reaching $44.18. The corporate’s inventory 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 50-day shifting common of $42.28 and a two-hundred day shifting common of $41.11. The corporate has a debt-to-equity ratio of 1.29, a fast ratio of 0.60 and a present ratio of 0.63. The inventory has a market capitalization 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 1-year low of $30.14 and a 1-year excessive of $45.36.
Verizon Communications (NYSE:VZ – Get Free Report) final posted its quarterly earnings outcomes on Monday, July twenty second. The cellular phone service reported $1.15 earnings per share (EPS) 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 enterprise had income of $32.80 billion in the course of the quarter, in comparison with analyst estimates of $33.05 billion. Throughout the identical interval within the prior 12 months, the enterprise earned $1.21 earnings per share. The enterprise’s income was up .6% in comparison with the identical quarter final 12 months. On common, equities analysis 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 lately declared a quarterly dividend, which might be paid on Friday, November 1st. Stockholders of document on Thursday, October tenth might be given a dividend of $0.678 per share. This represents a $2.71 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Thursday, October tenth. It is a constructive change from Verizon Communications’s earlier quarterly dividend of $0.67. Verizon Communications’s payout ratio is presently 101.12%.
Wall Road Analysts Forecast Development
A lot of analysis analysts have lately weighed in on the corporate. Tigress Monetary elevated their value goal on Verizon Communications from $52.00 to $55.00 and gave the corporate a “purchase” score in a report on Tuesday. Royal Financial institution of Canada raised their value goal on shares of Verizon Communications from $42.00 to $46.00 and gave the inventory a “sector carry out” score in a analysis report on Monday, September twenty third. Scotiabank lifted their value goal on shares of Verizon Communications from $45.50 to $46.50 and gave the corporate a “sector carry out” score in a analysis word on Wednesday, July tenth. Citigroup elevated their value goal on shares of Verizon Communications from $47.00 to $49.00 and gave the inventory a “purchase” score in a analysis word on Wednesday, September twenty fifth. Lastly, TD Cowen boosted their goal value on shares of Verizon Communications from $48.00 to $51.00 and gave the corporate a “purchase” score in a analysis report on Tuesday, July twenty third. Eight funding analysts have rated the inventory with a maintain score and ten have issued a purchase score to the corporate. Primarily based on knowledge from MarketBeat, Verizon Communications presently has a mean score of “Reasonable Purchase” and a consensus value goal of $46.26.
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Verizon Communications Profile
Verizon Communications Inc, by means of its subsidiaries, engages within the provision of communications, expertise, info, and leisure services and products to customers, companies, and governmental entities worldwide. It operates in two segments, Verizon Client Group (Client) and Verizon Enterprise Group (Enterprise).
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