Daiwa Securities Group Inc. grew its holdings in Verizon Communications (NYSE:VZ) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,804 shares of the cell phone carrier’s stock after acquiring an additional 27,439 shares during the period. Daiwa Securities Group Inc.’s holdings in Verizon Communications were worth $8,670,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in Verizon Communications by 15.1% during the second quarter. Capital Research Global Investors now owns 153,408,016 shares of the cell phone carrier’s stock worth $6,851,202,000 after buying an additional 20,070,391 shares in the last quarter. FMR LLC lifted its holdings in Verizon Communications by 15.0% during the second quarter. FMR LLC now owns 61,833,096 shares of the cell phone carrier’s stock valued at $2,761,466,000 after purchasing an additional 8,077,275 shares in the last quarter. Boston Partners lifted its holdings in Verizon Communications by 1,252.0% during the fourth quarter. Boston Partners now owns 7,986,475 shares of the cell phone carrier’s stock valued at $422,724,000 after purchasing an additional 7,395,776 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Verizon Communications by 2.1% during the second quarter. Vanguard Group Inc. now owns 282,894,542 shares of the cell phone carrier’s stock valued at $12,634,070,000 after purchasing an additional 5,837,702 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Verizon Communications by 7,639.8% during the third quarter. Stifel Financial Corp now owns 3,877,541 shares of the cell phone carrier’s stock valued at $191,847,000 after purchasing an additional 3,827,442 shares in the last quarter. 64.04% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Anthony T. Skiadas sold 6,967 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total value of $346,956.60. Following the completion of the sale, the senior vice president now directly owns 16,059 shares in the company, valued at $799,738.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on VZ shares. William Blair reaffirmed a “market perform” rating on shares of Verizon Communications in a report on Wednesday. Scotiabank raised shares of Verizon Communications from a “sector perform” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, January 22nd. Zacks Investment Research raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, February 13th. Scotia Howard Weill raised shares of Verizon Communications from a “sector perform” rating to a “sector outperform” rating in a report on Monday, January 22nd. Finally, Vetr downgraded shares of Verizon Communications from a “strong-buy” rating to a “buy” rating and set a $52.49 price objective on the stock. in a report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $54.75.

Shares of NYSE VZ opened at $51.57 on Friday. The stock has a market capitalization of $206,810.98, a PE ratio of 13.79, a price-to-earnings-growth ratio of 2.05 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 2.15. Verizon Communications has a 52 week low of $42.80 and a 52 week high of $54.77.

Verizon Communications (NYSE:VZ) last issued its earnings results on Tuesday, April 24th. The cell phone carrier reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.06. The business had revenue of $31.77 billion during the quarter, compared to analysts’ expectations of $31.25 billion. Verizon Communications had a net margin of 24.37% and a return on equity of 42.62%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. equities research analysts predict that Verizon Communications will post 4.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Monday, April 9th. Verizon Communications’s dividend payout ratio (DPR) is 63.10%.

Verizon Communications Company Profile

Verizon Communications Inc, through its subsidiaries, offers communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company's Wireless segment provides wireless voice and data services; Internet access on various notebook computers and tablets; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.

Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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