Verizon Communications Inc. (VZ) Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC lowered its stake in shares of Verizon Communications Inc. (NYSE:VZ) by 1.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 165,450 shares of the cell phone carrier’s stock after selling 1,895 shares during the period. Villere ST Denis J & Co. LLC’s holdings in Verizon Communications were worth $8,188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Private Vista LLC lifted its stake in shares of Verizon Communications by 3,339.1% in the 2nd 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 period. Mountain Capital Investment Advisors Inc bought a new position in shares of Verizon Communications in the 2nd quarter worth approximately $156,000. Regal Wealth Group Inc. lifted its stake in shares of Verizon Communications by 0.7% in the 2nd quarter. Regal Wealth Group Inc. now owns 3,682 shares of the cell phone carrier’s stock worth $164,000 after purchasing an additional 24 shares during the period. Camarda Financial Advisors LLC lifted its stake in shares of Verizon Communications by 11.3% in the 2nd 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 period. Finally, Atlantic Trust LLC lifted its stake in shares of Verizon Communications by 9.9% in the 2nd quarter. Atlantic Trust LLC now owns 11,164 shares of the cell phone carrier’s stock worth $170,000 after purchasing an additional 1,005 shares during the period. Institutional investors and hedge funds own 63.21% of the company’s stock.

Shares of Verizon Communications Inc. (NYSE VZ) opened at $51.69 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 4.05. Verizon Communications Inc. has a fifty-two week low of $42.80 and a fifty-two week high of $53.69. The stock has a market cap of $210,870.00, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 4.80 and a beta of 0.57.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is currently 60.51%.

In other Verizon Communications news, EVP Craig L. Silliman sold 610 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $47.41, for a total transaction of $28,920.10. Following the completion of the sale, the executive vice president now directly 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 SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Moffett Nathanson reiterated a “buy” rating on shares of Verizon Communications in a research note on Thursday, October 12th. Robert W. Baird reissued a “hold” rating and issued a $49.00 target price on shares of Verizon Communications in a report on Wednesday, October 4th. Wells Fargo & Co raised shares of Verizon Communications from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, November 20th. ValuEngine raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Instinet increased their target price on shares of Verizon Communications from $47.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $51.98.

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About Verizon Communications

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.

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

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