Verizon Communications Inc. (VZ) Stake Raised by Trilogy Capital Inc.

Trilogy Capital Inc. lifted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 30.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,754 shares of the cell phone carrier’s stock after buying an additional 4,415 shares during the quarter. Trilogy Capital Inc.’s holdings in Verizon Communications were worth $943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of VZ. British Airways Pensions Investment Management Ltd boosted its stake in Verizon Communications by 0.8% during the second quarter. British Airways Pensions Investment Management Ltd now owns 472,006 shares of the cell phone carrier’s stock worth $23,747,000 after acquiring an additional 3,859 shares in the last quarter. Zions Bancorporation bought a new position in Verizon Communications during the second quarter worth $4,221,000. Intrepid Capital Management Inc. bought a new position in Verizon Communications during the second quarter worth $556,000. Markel Corp bought a new position in Verizon Communications during the second quarter worth $2,616,000. Finally, Trust Co boosted its stake in Verizon Communications by 6.5% during the first quarter. Trust Co now owns 100,146 shares of the cell phone carrier’s stock worth $4,789,000 after acquiring an additional 6,126 shares in the last quarter. Institutional investors own 64.17% of the company’s stock.

VZ opened at $60.30 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.93 and a current ratio of 0.97. Verizon Communications Inc. has a fifty-two week low of $46.08 and a fifty-two week high of $61.58. The stock has a market cap of $245.41 billion, a P/E ratio of 13.36, a PEG ratio of 2.59 and a beta of 0.46.

Verizon Communications (NYSE:VZ) last released its quarterly earnings results on Tuesday, October 23rd. The cell phone carrier reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. Verizon Communications had a net margin of 24.71% and a return on equity of 35.50%. The company had revenue of $32.61 billion for the quarter, compared to analyst estimates of $32.45 billion. During the same period last year, the firm earned $0.98 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Verizon Communications Inc. will post 4.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Wednesday, October 10th were given a dividend of $0.6025 per share. This is a positive change from Verizon Communications’s previous quarterly dividend of $0.59. This represents a $2.41 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Tuesday, October 9th. Verizon Communications’s dividend payout ratio (DPR) is presently 64.44%.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Verizon Communications from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Scotiabank set a $62.00 price objective on shares of Verizon Communications and gave the company a “buy” rating in a research note on Wednesday, October 24th. Barclays raised their price objective on shares of Verizon Communications from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of Verizon Communications from $59.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, October 24th. Finally, Morgan Stanley raised their price objective on shares of Verizon Communications from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, October 29th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Verizon Communications currently has a consensus rating of “Buy” and an average price target of $56.22.

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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; multimedia, business-focused, and location-based services, as well as international travel services; and network access services to deliver various Internet of Things products and services.

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

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