Diversified Trust Co Has $1.29 Million Position in Verizon Communications Inc. (VZ)

Diversified Trust Co lifted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 403.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,205 shares of the cell phone carrier’s stock after acquiring an additional 19,398 shares during the period. Diversified Trust Co’s holdings in Verizon Communications were worth $1,292,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. HBK Sorce Advisory LLC boosted its stake in shares of Verizon Communications by 1.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 64,695 shares of the cell phone carrier’s stock worth $3,454,000 after acquiring an additional 879 shares during the last quarter. Wade G W & Inc. boosted its stake in shares of Verizon Communications by 2.0% during the 3rd quarter. Wade G W & Inc. now owns 45,899 shares of the cell phone carrier’s stock worth $2,451,000 after acquiring an additional 888 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Verizon Communications by 1.3% during the 3rd quarter. AlphaMark Advisors LLC now owns 69,929 shares of the cell phone carrier’s stock worth $3,734,000 after acquiring an additional 889 shares during the last quarter. Independence Advisors LLC boosted its stake in shares of Verizon Communications by 21.0% during the 3rd quarter. Independence Advisors LLC now owns 5,180 shares of the cell phone carrier’s stock worth $277,000 after acquiring an additional 898 shares during the last quarter. Finally, Vantage Investment Advisors LLC boosted its stake in shares of Verizon Communications by 6.8% during the 3rd quarter. Vantage Investment Advisors LLC now owns 14,080 shares of the cell phone carrier’s stock worth $729,000 after acquiring an additional 901 shares during the last quarter. 65.90% of the stock is owned by institutional investors.

Shares of VZ stock opened at $58.39 on Friday. The firm has a market cap of $241.03 billion, a PE ratio of 12.40, a PEG ratio of 2.27 and a beta of 0.50. Verizon Communications Inc. has a one year low of $46.08 and a one year high of $61.58. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.88 and a current ratio of 0.91.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Tuesday, January 29th. The cell phone carrier reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The firm had revenue of $34.28 billion for the quarter, compared to the consensus estimate of $34.45 billion. Verizon Communications had a net margin of 11.87% and a return on equity of 35.96%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. On average, equities analysts forecast that Verizon Communications Inc. will post 4.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.6025 per share. The ex-dividend date is Tuesday, April 9th. This represents a $2.41 annualized dividend and a dividend yield of 4.13%. Verizon Communications’s payout ratio is 51.17%.

Several research analysts have recently weighed in on VZ shares. JPMorgan Chase & Co. cut shares of Verizon Communications from an “overweight” rating to a “neutral” rating and set a $59.89 price target on the stock. in a research note on Sunday, December 9th. Morgan Stanley cut shares of Verizon Communications from an “overweight” rating to an “equal weight” rating and set a $58.00 price target on the stock. in a research note on Wednesday, December 12th. ValuEngine cut shares of Verizon Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Tigress Financial reiterated a “hold” rating on shares of Verizon Communications in a research note on Friday, December 28th. Finally, Zacks Investment Research upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Saturday, January 26th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $55.76.

In other news, EVP Craig L. Silliman sold 1,349 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $57.12, for a total transaction of $77,054.88. Following the sale, the executive vice president now directly owns 25,549 shares in the company, valued at approximately $1,459,358.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lowell C. Mcadam sold 285,988 shares of the firm’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $56.72, for a total transaction of $16,221,239.36. Following the sale, the director now owns 362,932 shares in the company, valued at $20,585,503.04. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

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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; international travel wireless services; and network access services to deliver various Internet of Things products and services, as well as offers digital advertising and digital media services platforms.

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

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