Verizon Communications Inc. (VZ) Position Raised by San Francisco Sentry Investment Group CA

San Francisco Sentry Investment Group CA boosted its position in shares of Verizon Communications Inc. (NYSE:VZ) by 24.2% in the third quarter, Holdings Channel reports. The institutional investor owned 28,459 shares of the cell phone carrier’s stock after acquiring an additional 5,538 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Verizon Communications were worth $1,408,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VZ. Vantage Financial Partners Ltd. Inc. purchased a new position in Verizon Communications during the 2nd quarter valued at $623,000. Shine Investment Advisory Services Inc. increased its position in Verizon Communications by 190.9% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 2,705 shares of the cell phone carrier’s stock valued at $134,000 after purchasing an additional 1,775 shares during the period. Legacy Advisors LLC purchased a new position in Verizon Communications during the 3rd quarter valued at $132,000. Mountain Capital Investment Advisors Inc purchased a new position in Verizon Communications during the 2nd quarter valued at $156,000. Finally, Regal Wealth Group Inc. increased its position in Verizon Communications by 0.7% during the 2nd quarter. Regal Wealth Group Inc. now owns 3,682 shares of the cell phone carrier’s stock valued at $164,000 after purchasing an additional 24 shares during the period. Institutional investors own 63.31% of the company’s stock.

Shares of Verizon Communications Inc. (NYSE:VZ) opened at $50.15 on Monday. Verizon Communications Inc. has a 1 year low of $42.80 and a 1 year high of $54.77. The company has a market cap of $204,580.00, a PE ratio of 15.38, a P/E/G ratio of 2.04 and a beta of 0.58. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.87 and a current ratio of 0.91.

Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Tuesday, January 23rd. The cell phone carrier reported $0.86 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.02). Verizon Communications had a net margin of 23.88% and a return on equity of 48.97%. The firm had revenue of $33.96 billion for the quarter, compared to analysts’ expectations of $33.20 billion. During the same period last year, the company posted $0.86 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities analysts predict that Verizon Communications Inc. will post 4.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, January 9th. Verizon Communications’s dividend payout ratio (DPR) is 72.39%.

A number of research firms have recently weighed in on VZ. Zacks Investment Research raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Tuesday, February 13th. Vetr raised shares of Verizon Communications from a “hold” rating to a “buy” rating and set a $54.80 target price on the stock in a research report on Monday, February 5th. Macquarie reaffirmed a “hold” rating and issued a $54.00 target price on shares of Verizon Communications in a research report on Wednesday, January 24th. SunTrust Banks upped their target price on shares of Verizon Communications to $58.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Verizon Communications from $52.00 to $58.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $53.51.

In related news, SVP Anthony T. Skiadas sold 6,967 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $49.80, for a total transaction of $346,956.60. Following the sale, the senior vice president now directly owns 16,059 shares of the company’s stock, valued at approximately $799,738.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Craig L. Silliman sold 610 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $47.41, for a total transaction of $28,920.10. Following the transaction, the executive vice president now owns 3,269 shares in the company, valued at approximately $154,983.29. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

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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.

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

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