Hudock Capital Group LLC grew its holdings in Verizon Communications Inc. (NYSE:VZ) by 7.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,198 shares of the cell phone carrier’s stock after buying an additional 3,438 shares during the quarter. Verizon Communications comprises 1.2% of Hudock Capital Group LLC’s investment portfolio, making the stock its 16th biggest holding. Hudock Capital Group LLC’s holdings in Verizon Communications were worth $2,331,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Parlapiano Turner & Welch LLC acquired a new position in Verizon Communications during the first quarter worth $136,000. American Beacon Advisors Inc. acquired a new position in Verizon Communications during the first quarter worth $140,000. Proficio Capital Partners LLC raised its holdings in Verizon Communications by 139.8% during the first quarter. Proficio Capital Partners LLC now owns 3,158 shares of the cell phone carrier’s stock worth $142,000 after purchasing an additional 1,841 shares during the last quarter. Private Vista LLC raised its holdings in Verizon Communications by 3,339.1% during the second quarter. Private Vista LLC now owns 389,552 shares of the cell phone carrier’s stock worth $143,000 after purchasing an additional 378,225 shares during the last quarter. Finally, Camarda Financial Advisors LLC raised its holdings in Verizon Communications by 11.3% during the second quarter. Camarda Financial Advisors LLC now owns 3,749 shares of the cell phone carrier’s stock worth $167,000 after purchasing an additional 382 shares during the last quarter. 63.38% of the stock is owned by institutional investors and hedge funds.
VZ has been the subject of several research reports. TheStreet raised Verizon Communications from a “c+” rating to a “b-” rating in a report on Tuesday, August 8th. ValuEngine raised Verizon Communications from a “hold” rating to a “buy” rating in a report on Friday. Moffett Nathanson reaffirmed a “buy” rating on shares of Verizon Communications in a report on Thursday, October 12th. Bank of America set a $52.00 price objective on Verizon Communications and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Macquarie reaffirmed a “hold” rating and set a $52.00 price objective on shares of Verizon Communications in a report on Sunday, October 22nd. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Verizon Communications has an average rating of “Hold” and an average price target of $51.25.
Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Thursday, October 19th. The cell phone carrier reported $0.98 earnings per share for the quarter, hitting the consensus estimate of $0.98. The company had revenue of $31.70 billion during the quarter, compared to the consensus estimate of $31.45 billion. Verizon Communications had a return on equity of 58.66% and a net margin of 12.80%. Verizon Communications’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share. research analysts anticipate that Verizon Communications Inc. will post 3.77 earnings per share for the current fiscal year.
In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $47.41, for a total transaction of $28,920.10. Following the completion of the transaction, the executive vice president now owns 3,269 shares of the company’s stock, valued at $154,983.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,830 shares of company stock valued at $88,609 in the last three months. 0.13% of the stock is currently owned by company insiders.
Verizon Communications Company Profile
Verizon Communications Inc is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States.
Want to see what other hedge funds are holding VZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verizon Communications Inc. (NYSE:VZ).
What are top analysts saying about Verizon Communications Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Verizon Communications Inc. and related companies.