Capital Management Associates NY Has $797,000 Stake in Verizon Communications Inc. (NYSE:VZ)

Capital Management Associates NY decreased its holdings in Verizon Communications Inc. (NYSE:VZ) by 19.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,570 shares of the cell phone carrier’s stock after selling 3,200 shares during the period. Capital Management Associates NY’s holdings in Verizon Communications were worth $797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC increased its holdings in Verizon Communications by 25.4% in the fourth quarter. FMR LLC now owns 34,745,450 shares of the cell phone carrier’s stock worth $2,041,296,000 after buying an additional 7,032,460 shares during the last quarter. California Public Employees Retirement System grew its holdings in Verizon Communications by 4.1% during the fourth quarter. California Public Employees Retirement System now owns 25,869,512 shares of the cell phone carrier’s stock valued at $1,519,834,000 after purchasing an additional 1,029,507 shares during the last quarter. Swiss National Bank grew its holdings in Verizon Communications by 0.4% during the third quarter. Swiss National Bank now owns 18,828,451 shares of the cell phone carrier’s stock valued at $1,120,105,000 after purchasing an additional 69,000 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Verizon Communications by 5.4% during the third quarter. UBS Asset Management Americas Inc. now owns 18,225,458 shares of the cell phone carrier’s stock valued at $1,084,232,000 after purchasing an additional 937,809 shares during the last quarter. Finally, Sanders Capital LLC grew its holdings in Verizon Communications by 2.3% during the third quarter. Sanders Capital LLC now owns 14,455,698 shares of the cell phone carrier’s stock valued at $953,857,000 after purchasing an additional 330,979 shares during the last quarter. Institutional investors own 64.85% of the company’s stock.

VZ has been the topic of several analyst reports. Credit Suisse Group lowered their price target on Verizon Communications from $61.00 to $59.00 and set a “neutral” rating on the stock in a report on Tuesday, January 19th. JPMorgan Chase & Co. raised Verizon Communications from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $61.00 to $65.00 in a research report on Thursday, November 5th. Tigress Financial reaffirmed a “hold” rating on shares of Verizon Communications in a research report on Sunday, November 1st. Moffett Nathanson raised Verizon Communications from a “neutral” rating to a “buy” rating and raised their target price for the stock from $59.00 to $66.00 in a research report on Wednesday, December 2nd. Finally, Wells Fargo & Company assumed coverage on Verizon Communications in a research report on Monday, November 16th. They issued an “equal weight” rating and a $60.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Verizon Communications has an average rating of “Buy” and a consensus price target of $61.84.

VZ traded up $0.29 during midday trading on Tuesday, reaching $56.74. 639,102 shares of the company were exchanged, compared to its average volume of 20,626,359. Verizon Communications Inc. has a one year low of $48.84 and a one year high of $61.95. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.93 and a current ratio of 0.96. The stock has a market capitalization of $234.80 billion, a P/E ratio of 12.25, a PEG ratio of 3.54 and a beta of 0.44. The stock’s 50-day simple moving average is $56.33 and its 200 day simple moving average is $58.66.

Verizon Communications (NYSE:VZ) last released its quarterly earnings data on Monday, January 25th. The cell phone carrier reported $1.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.04. Verizon Communications had a return on equity of 32.15% and a net margin of 14.76%. The business had revenue of $34.70 billion for the quarter, compared to analysts’ expectations of $34.47 billion. During the same quarter in the previous year, the business posted $1.13 EPS. Verizon Communications’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts anticipate that Verizon Communications Inc. will post 4.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 1st. Shareholders of record on Friday, January 8th were paid a $0.6275 dividend. The ex-dividend date was Thursday, January 7th. This represents a $2.51 dividend on an annualized basis and a yield of 4.42%. Verizon Communications’s dividend payout ratio is 52.18%.

Verizon Communications Company Profile

Verizon Communications Inc offers communications, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; Internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled Internet devices, such as tablets, laptop computers and netbooks, and other wireless-enabled connected devices, such as smart watches and other wearables.

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

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