Sunbelt Securities Inc. grew its holdings in shares of Verizon Communications Inc. (NYSE:VZ – Free Report) by 7.8% throughout the second quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities and Alternate Fee. The fund owned 122,203 shares of the mobile phone provider’s inventory after shopping for an extra 8,826 shares throughout the interval. Sunbelt Securities Inc.’s holdings in Verizon Communications had been price $5,040,000 as of its most up-to-date submitting with the Securities and Alternate Fee.
A number of different hedge funds and different institutional buyers have additionally made adjustments to their positions in VZ. Koesten Hirschmann & Crabtree INC. acquired a brand new stake in Verizon Communications within the 1st quarter valued at roughly $25,000. Vermillion & White Wealth Administration Group LLC acquired a brand new stake in Verizon Communications within the 4th quarter valued at roughly $29,000. Mizuho Securities Co. Ltd. acquired a brand new stake in Verizon Communications within the 2nd quarter valued at roughly $32,000. MFA Wealth Advisors LLC acquired a brand new stake in Verizon Communications within the 2nd quarter valued at roughly $33,000. Lastly, Vima LLC acquired a brand new stake in Verizon Communications within the 4th quarter valued at roughly $36,000. 62.06% of the inventory is at present owned by institutional buyers and hedge funds.
Wall Avenue Analysts Forecast Development
A number of brokerages have lately issued experiences on VZ. Financial institution of America lifted their worth goal on Verizon Communications from $41.00 to $45.00 and gave the corporate a “impartial” score in a analysis report on Thursday. TD Cowen lifted their worth goal on Verizon Communications from $48.00 to $51.00 and gave the corporate a “purchase” score in a analysis report on Tuesday, July twenty third. The Goldman Sachs Group started protection on Verizon Communications in a analysis report on Monday, July 1st. They set a “purchase” score and a $50.00 worth goal on the inventory. Citigroup lifted their worth goal on Verizon Communications from $47.00 to $49.00 and gave the corporate a “purchase” score in a analysis report on Wednesday, September twenty fifth. Lastly, JPMorgan Chase & Co. lowered their worth goal on Verizon Communications from $46.00 to $45.00 and set a “impartial” score on the inventory in a analysis report on Tuesday, July twenty third. Eight funding analysts have rated the inventory with a maintain score and ten have given a purchase score to the corporate. In response to information from MarketBeat.com, the inventory presently has a consensus score of “Average Purchase” and a consensus goal worth of $46.09.
Learn Our Newest Evaluation on Verizon Communications
Verizon Communications Worth Efficiency
Shares of NYSE:VZ opened at $44.89 on Monday. The corporate’s fifty day transferring common is $41.76 and its two-hundred day transferring common is $40.95. The corporate has a market cap of $188.95 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 4.03 and a beta of 0.42. Verizon Communications Inc. has a 12-month low of $30.14 and a 12-month excessive of $45.05. The corporate has a fast ratio of 0.60, a present ratio of 0.63 and a debt-to-equity ratio of 1.29.
Verizon Communications (NYSE:VZ – Get Free Report) final posted its quarterly earnings outcomes on Monday, July twenty second. The mobile phone provider reported $1.15 earnings per share for the quarter, assembly the consensus estimate of $1.15. The agency had income of $32.80 billion for the quarter, in comparison with analyst estimates of $33.05 billion. Verizon Communications had a return on fairness of 20.10% and a internet margin of 8.38%. Verizon Communications’s quarterly income was up .6% on a year-over-year foundation. Throughout the identical interval within the earlier 12 months, the agency earned $1.21 earnings per share. Equities analysts count on that Verizon Communications Inc. will put up 4.58 earnings per share for the present fiscal 12 months.
Verizon Communications Will increase Dividend
The enterprise additionally lately declared a quarterly dividend, which can be paid on Friday, November 1st. Stockholders of document on Thursday, October tenth can be given a $0.678 dividend. This represents a $2.71 dividend on an annualized foundation and a dividend yield of 6.04%. This can be a optimistic change from Verizon Communications’s earlier quarterly dividend of $0.67. The ex-dividend date of this dividend is Thursday, October tenth. Verizon Communications’s dividend payout ratio is 101.12%.
Verizon Communications Firm Profile
Verizon Communications Inc, by means of its subsidiaries, engages within the provision of communications, expertise, info, and leisure services to shoppers, companies, and governmental entities worldwide. It operates in two segments, Verizon Client Group (Client) and Verizon Enterprise Group (Enterprise).
See Additionally
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