Cincinnati Specialty Underwriters Insurance CO Continues to Hold Position in Verizon Communications Inc. (VZ)

Cincinnati Specialty Underwriters Insurance CO held its position in shares of Verizon Communications Inc. (NYSE:VZ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the cell phone carrier’s stock at the end of the 2nd quarter. Verizon Communications comprises approximately 1.2% of Cincinnati Specialty Underwriters Insurance CO’s investment portfolio, making the stock its 25th biggest holding. Cincinnati Specialty Underwriters Insurance CO’s holdings in Verizon Communications were worth $1,340,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Franklin Parlapiano Turner & Welch LLC acquired a new stake in shares of Verizon Communications in the first quarter worth $136,000. American Beacon Advisors Inc. acquired a new position in Verizon Communications during the 1st quarter valued at $140,000. Proficio Capital Partners LLC raised its stake in Verizon Communications by 139.8% during the 1st quarter. Proficio Capital Partners LLC now owns 3,158 shares of the cell phone carrier’s stock valued at $142,000 after purchasing an additional 1,841 shares during the last quarter. Private Vista LLC raised its stake in Verizon Communications by 3,339.1% during the 2nd quarter. Private Vista LLC now owns 389,552 shares of the cell phone carrier’s stock valued at $143,000 after purchasing an additional 378,225 shares during the last quarter. Finally, Camarda Financial Advisors LLC raised its stake in Verizon Communications by 11.3% during the 2nd quarter. Camarda Financial Advisors LLC now owns 3,749 shares of the cell phone carrier’s stock valued at $167,000 after purchasing an additional 382 shares during the last quarter. 63.37% of the stock is owned by institutional investors.

Several equities analysts recently commented on VZ shares. KeyCorp reiterated a “hold” rating on shares of Verizon Communications in a research note on Saturday, October 21st. Cowen reiterated a “hold” rating and set a $52.00 target price on shares of Verizon Communications in a research note on Tuesday, September 19th. Macquarie reiterated a “hold” rating and set a $52.00 target price on shares of Verizon Communications in a research note on Sunday, October 22nd. ValuEngine upgraded shares of Verizon Communications from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Bank of America set a $52.00 price objective on shares of Verizon Communications and gave the company a “buy” rating in a research note on Friday, October 20th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Verizon Communications currently has a consensus rating of “Hold” and a consensus price target of $51.25.

Shares of Verizon Communications Inc. (NYSE:VZ) traded up $0.61 during trading hours on Monday, reaching $51.86. 9,598,086 shares of the company’s stock were exchanged, compared to its average volume of 15,615,836. Verizon Communications Inc. has a 12-month low of $42.80 and a 12-month high of $54.83. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 4.05. The company has a market cap of $209,071.34, a price-to-earnings ratio of 13.67, a P/E/G ratio of 4.81 and a beta of 0.57.

Verizon Communications (NYSE:VZ) last issued its quarterly earnings data on Thursday, October 19th. The cell phone carrier reported $0.98 EPS for the quarter, hitting analysts’ consensus estimates of $0.98. Verizon Communications had a net margin of 12.80% and a return on equity of 58.66%. The firm had revenue of $31.70 billion for the quarter, compared to analyst estimates of $31.45 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The company’s revenue was up 2.5% on a year-over-year basis. analysts expect that Verizon Communications Inc. will post 3.77 EPS for the current year.

In other news, EVP Craig L. Silliman sold 610 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $47.41, for a total value of $28,920.10. Following the transaction, the executive vice president now owns 3,269 shares of the company’s stock, valued at approximately $154,983.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,830 shares of company stock worth $88,609 in the last ninety days. Insiders own 0.13% of the company’s stock.

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Verizon Communications 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.

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

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