Syntal Capital Partners LLC boosted its stake in Verizon Communications Inc. (NYSE:VZ) by 196.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,719 shares of the cell phone carrier’s stock after purchasing an additional 7,762 shares during the quarter. Syntal Capital Partners LLC’s holdings in Verizon Communications were worth $560,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Unio Capital LLC increased its holdings in shares of Verizon Communications by 5.0% in the 1st quarter. Unio Capital LLC now owns 25,225 shares of the cell phone carrier’s stock worth $1,206,000 after buying an additional 1,200 shares during the last quarter. Blue Chip Wealth Management Inc. bought a new position in Verizon Communications during the 1st quarter valued at about $616,000. Coldstream Capital Management Inc. grew its holdings in Verizon Communications by 2.8% during the 1st quarter. Coldstream Capital Management Inc. now owns 67,655 shares of the cell phone carrier’s stock valued at $3,235,000 after purchasing an additional 1,814 shares during the last quarter. Assetmark Inc. grew its holdings in Verizon Communications by 4.3% during the 1st quarter. Assetmark Inc. now owns 522,593 shares of the cell phone carrier’s stock valued at $24,990,000 after purchasing an additional 21,640 shares during the last quarter. Finally, WealthPLAN Partners LLC grew its holdings in Verizon Communications by 5.6% during the 1st quarter. WealthPLAN Partners LLC now owns 22,063 shares of the cell phone carrier’s stock valued at $1,055,000 after purchasing an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 64.12% of the company’s stock.

VZ opened at $54.79 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 2.04. The firm has a market cap of $216.59 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 1.82 and a beta of 0.70. Verizon Communications Inc. has a 52-week low of $43.97 and a 52-week high of $55.21.

Verizon Communications (NYSE:VZ) last posted its quarterly earnings data on Tuesday, July 24th. The cell phone carrier reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.06. The business had revenue of $32.20 billion for the quarter, compared to the consensus estimate of $31.78 billion. Verizon Communications had a net margin of 23.88% and a return on equity of 38.62%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. research analysts anticipate that Verizon Communications Inc. will post 4.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 1st. Shareholders of record on Tuesday, July 10th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Monday, July 9th. Verizon Communications’s payout ratio is 63.10%.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Wednesday, August 1st. Robert W. Baird upped their price target on shares of Verizon Communications from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, July 25th. Deutsche Bank upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Tuesday, June 19th. Scotiabank set a $61.00 price target on shares of Verizon Communications and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Credit Suisse Group assumed coverage on shares of Verizon Communications in a report on Tuesday, July 10th. They set an “outperform” rating and a $58.00 price target on the stock. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.42.

Verizon Communications 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.

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

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