Investors Sell Shares of Verizon Communications (VZ) on Strength (VZ)

Traders sold shares of Verizon Communications Inc. (NYSE:VZ) on strength during trading hours on Monday. $63.00 million flowed into the stock on the tick-up and $165.23 million flowed out of the stock on the tick-down, for a money net flow of $102.23 million out of the stock. Of all equities tracked, Verizon Communications had the 6th highest net out-flow for the day. Verizon Communications traded up $0.10 for the day and closed at $54.05

Several analysts have issued reports on the company. ValuEngine raised Verizon Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. downgraded Verizon Communications from an “overweight” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research report on Monday, December 3rd. Bank of America restated a “buy” rating and issued a $58.00 price objective on shares of Verizon Communications in a research report on Monday, October 22nd. Zacks Investment Research upgraded Verizon Communications from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Saturday, January 26th. Finally, Tigress Financial restated a “hold” rating on shares of Verizon Communications in a research report on Friday, December 28th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $55.90.

The stock has a market cap of $222.70 billion, a P/E ratio of 11.48, a PEG ratio of 2.85 and a beta of 0.48. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 1.94.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Tuesday, January 29th. The cell phone carrier reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.03. The business had revenue of $34.28 billion for the quarter, compared to the consensus estimate of $34.45 billion. Verizon Communications had a return on equity of 35.96% and a net margin of 11.87%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. Analysts forecast that Verizon Communications Inc. will post 4.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, February 1st. Investors of record on Thursday, January 10th were given a $0.6025 dividend. The ex-dividend date of this dividend was Wednesday, January 9th. This represents a $2.41 dividend on an annualized basis and a dividend yield of 4.46%. Verizon Communications’s dividend payout ratio is currently 51.17%.

Large investors have recently bought and sold shares of the stock. TD Capital Management LLC raised its position in Verizon Communications by 99.4% during the fourth quarter. TD Capital Management LLC now owns 720 shares of the cell phone carrier’s stock valued at $40,000 after purchasing an additional 359 shares during the period. Daiwa SB Investments Ltd. grew its stake in shares of Verizon Communications by 120.0% during the fourth quarter. Daiwa SB Investments Ltd. now owns 880 shares of the cell phone carrier’s stock valued at $49,000 after buying an additional 480 shares during the last quarter. SeaBridge Investment Advisors LLC grew its stake in shares of Verizon Communications by 506.0% during the fourth quarter. SeaBridge Investment Advisors LLC now owns 1,018 shares of the cell phone carrier’s stock valued at $57,000 after buying an additional 850 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in shares of Verizon Communications by 21.5% during the fourth quarter. Cascade Investment Advisors Inc. now owns 1,033 shares of the cell phone carrier’s stock valued at $58,000 after buying an additional 183 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of Verizon Communications during the fourth quarter valued at approximately $66,000. Institutional investors own 66.14% of the company’s stock.

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About Verizon Communications (NYSE:VZ)

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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