Dubuque Bank & Trust Co. Boosts Stock Position in Verizon Communications Inc. (NYSE:VZ)

Dubuque Bank & Trust Co. lifted its stake in Verizon Communications Inc. (NYSE:VZ) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,315 shares of the cell phone carrier’s stock after acquiring an additional 9,202 shares during the period. Dubuque Bank & Trust Co.’s holdings in Verizon Communications were worth $4,808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in VZ. Financial Gravity Wealth Inc. lifted its holdings in shares of Verizon Communications by 4.5% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 3,942 shares of the cell phone carrier’s stock worth $238,000 after acquiring an additional 169 shares during the last quarter. Albert D Mason Inc. lifted its stake in Verizon Communications by 0.7% during the third quarter. Albert D Mason Inc. now owns 23,439 shares of the cell phone carrier’s stock worth $1,415,000 after purchasing an additional 170 shares during the last quarter. SMH Capital Advisors Inc. lifted its stake in Verizon Communications by 4.6% during the third quarter. SMH Capital Advisors Inc. now owns 3,919 shares of the cell phone carrier’s stock worth $237,000 after purchasing an additional 172 shares during the last quarter. Nadler Financial Group Inc. boosted its holdings in shares of Verizon Communications by 1.2% in the 3rd quarter. Nadler Financial Group Inc. now owns 15,114 shares of the cell phone carrier’s stock worth $912,000 after purchasing an additional 174 shares in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. boosted its holdings in shares of Verizon Communications by 0.5% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 33,596 shares of the cell phone carrier’s stock worth $2,063,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 65.25% of the company’s stock.

Several equities analysts have recently commented on the company. HSBC lowered Verizon Communications from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research report on Thursday, November 14th. Nomura lowered Verizon Communications from a “buy” rating to a “neutral” rating and cut their target price for the stock from $67.00 to $65.00 in a research note on Monday, November 4th. ValuEngine raised Verizon Communications from a “sell” rating to a “hold” rating in a research note on Thursday, October 24th. Guggenheim increased their price target on shares of Verizon Communications from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Zacks Investment Research downgraded shares of Verizon Communications from a “buy” rating to a “hold” rating and set a $62.00 price target on the stock. in a research note on Saturday. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $63.44.

VZ opened at $59.04 on Wednesday. The company has a market cap of $243.97 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.71 and a beta of 0.51. The business’s 50-day moving average price is $60.65 and its 200-day moving average price is $59.01. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.99. Verizon Communications Inc. has a 12 month low of $52.28 and a 12 month high of $62.22.

Verizon Communications (NYSE:VZ) last issued its earnings results on Friday, October 25th. The cell phone carrier reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.01. Verizon Communications had a return on equity of 34.50% and a net margin of 12.26%. The company had revenue of $32.89 billion during the quarter, compared to analysts’ expectations of $32.74 billion. During the same period in the prior year, the business posted $1.22 EPS. Verizon Communications’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts forecast that Verizon Communications Inc. will post 4.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be paid a $0.615 dividend. The ex-dividend date is Thursday, January 9th. This represents a $2.46 dividend on an annualized basis and a yield of 4.17%. Verizon Communications’s dividend payout ratio (DPR) is currently 52.23%.

In other news, EVP Craig L. Silliman sold 1,346 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $59.55, for a total value of $80,154.30. Following the transaction, the executive vice president now owns 18,637 shares in the company, valued at $1,109,833.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Craig L. Silliman sold 1,349 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $60.42, for a total transaction of $81,506.58. Following the completion of the transaction, the executive vice president now owns 19,983 shares in the company, valued at approximately $1,207,372.86. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

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; 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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